Vegas used to be the land of free stuff to reduce all barriers to gambling and keep you around gaming: free parking, free drinks, free shows. Rooms were cheaper than you’d expect because it was subsidized by the gambling. All of that is gone now.
I think they are convinced they can survive on milking rich idiots. I don’t think it makes sense from a scale perspective. Vegas always builds way too big because they never want to turn away gamblers due to lack of space. But it’s really expensive to cool and maintain enormous spaces.
I think they are convinced they can survive on milking rich idiots.
They can. Sure their staff will get laid off but the rich people will still keep placing bets in large enough numbers that the house stays afloat. Fact of the matter is that rich people struggle to get dopamine hits and gambling large quantities of money is one of the few things they have left. There’s a comedy called Rat Race that illustrates
Vast majority of sporting events and entertainment is funded by gambling and alcohol unfortunately.
The house will definitely get smaller, have less employees, and a higher buy in… but the gambling industry will persist.
Vegas used to be the land of free stuff to reduce all barriers to gambling and keep you around gaming: free parking, free drinks, free shows. Rooms were cheaper than you’d expect because it was subsidized by the gambling. All of that is gone now.
I think they are convinced they can survive on milking rich idiots. I don’t think it makes sense from a scale perspective. Vegas always builds way too big because they never want to turn away gamblers due to lack of space. But it’s really expensive to cool and maintain enormous spaces.
They can. Sure their staff will get laid off but the rich people will still keep placing bets in large enough numbers that the house stays afloat. Fact of the matter is that rich people struggle to get dopamine hits and gambling large quantities of money is one of the few things they have left. There’s a comedy called Rat Race that illustrates
Vast majority of sporting events and entertainment is funded by gambling and alcohol unfortunately.
The house will definitely get smaller, have less employees, and a higher buy in… but the gambling industry will persist.
Either they try to appeal to the common man again or they go down.