{"id":869649,"date":"2024-12-04T11:52:54","date_gmt":"2024-12-04T19:52:54","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/shop\/?p=869649"},"modified":"2024-12-04T11:52:57","modified_gmt":"2024-12-04T19:52:57","slug":"las-vegas-chills-out","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/blog\/las-vegas-chills-out\/","title":{"rendered":"Las Vegas chills out"},"content":{"rendered":"\n

A cool breeze<\/strong> is being felt throughout Big Gaming. It’s the sensation of consumers finally spending less at the casino, the stately winding down of a hot streak that continued longer than anyone would have expected\u2014and which many didn’t. Don’t panic: With casinos at the hottest since forever, it was only natural that Americans’ fever for gambling would ease, at least a bit. Having burned through a remarkable amount of discretionary capital, Yanks are pulling back on our spending a wee bit … albeit not on the Las Vegas Strip<\/strong>. Of course, when the United States <\/strong>gets even a mild cold, Nevada <\/strong>contracts pneumonia … but we’re not there (yet).<\/p>\n\n\n\n\n\n\n\n

October results from Silver State casinos have belatedly crossed the transom and they’re generally about 2% off what they were a year prior. Locals play actually defied gravity and trended up 4.5% ($273 million) but that uptick was fueled by one aberrant submarket. otherwise, the Strip was down 3% (to $692 million). Blame it largely on baccarat: The house lost 23% worse than in 2023, as players wagered 2% less, taking the house to the cleaners. Table games favored players, too, as they saw 11% less win despite 4% larger betting. The house did better at the slots, making 5% more on 4% higher coin-in. Locally, punters spent 5% more at the slots but lost 9% more than last year.<\/p>\n\n\n\n

If the Strip was off by a little, Downtown<\/strong> was off by a lot: 11% ($87 million gross). By contrast, miscellaneous Clark<\/strong> County <\/strong>casinos\u2014including powerhouse Durango Resort<\/strong>\u2014leapt 10%, one of two jurisdictions to post a significant increase. Laughlin<\/strong> slid 7% ($44 million) and Reno <\/strong>dipped 3% ($68 million). The Boulder Strip<\/strong> was down 2.5% to $86 million and North Las Vegas<\/strong> dipped 4% ($22.5 million). Of the two Utah<\/strong>-fed markets, Mesquit<\/strong>e held firm with $16 million while Wendover<\/strong> dove 3% to $21.5 million. Lake Tahoe<\/strong> kept is reputation for hyper-volatility intact, erupting 18.5% to $21 million. With the noted exceptions, it was nothing to write home about\u2014but no cause to man the lifeboats, either.<\/p>\n\n\n\n

Gamblers in Sin City were actually rather generous, considering that visitation took a 3% hit. Thanks in part to the absence of Twitch Con<\/strong>, there were 12.5% fewer conventioneers, while hotels ran at 85.5% occupancy. Room rates, which hovered around $204\/night, were actually 7.5% more consumer-friendly than in 2023\u2014but still 58.5% above 2019, staggeringly. Visitors preferred to come by car (+2%) rather than air (-3.5%) and there were, surprisingly, only 1% fewer hotel rooms for them, despite the Mirage\/Tropicana<\/strong> subtraction.<\/p>\n","protected":false},"excerpt":{"rendered":"

A cool breeze is being felt throughout Big Gaming. It’s the sensation of consumers finally spending less at the casino, the stately winding down of a hot streak that continued longer than anyone would have expected\u2014and which many didn’t. Don’t panic: With casinos at the hottest since forever, it was only natural that Americans’ fever […]<\/p>\n","protected":false},"author":83928,"featured_media":853304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1728],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.lasvegasadvisor.com\/shop\/wp-content\/uploads\/2024\/02\/Park_MGM_Lobby_July2020-scaled.jpg?fit=2560%2C1706&ssl=1","_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/869649"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/users\/83928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/comments?post=869649"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/869649\/revisions"}],"predecessor-version":[{"id":869654,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/869649\/revisions\/869654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media\/853304"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media?parent=869649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/categories?post=869649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/tags?post=869649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}