O'Sheas' low cost gambling likely won't be filled by The Linq, which will provide more shopping and dining (for the most part) on the Strip. When Bill's re-opens as (actual name TBD), the casino will likely cater to a more upscale customer with higher table limits, similar to The Cosmopolitan. The Quad room rates remain inexpensive because they aren't a part of the property renovation (for now). However, the casino is being renovated and the table limits may rise to pay for the remodel.
Change has always been a part of Las Vegas so this should come as no surprise but, in a few years, the Strip may go from being a casino town to more of a resort and shopping destination. Caesars isn't planning on renovating Bally's hotel or casino. Rather, they're focusing on more shopping with the Grand
Bizarre Bazaar shops planned for the front of the resort which will keep people outside of the casino.
This shift in priority for the Vegas Strip will come with both less and more expensive gambling (as well as food and drinks) in the future. Things will be different. The new Vegas Strip won't have $5 blackjack tables and $10 meals. Those will become a thing of the past like the $2.50 dinner buffet. The casino companies will have to increase revenue for all of this new construction.
If low-rolling gamblers want to stay on the Strip, they may be confined to the ends. The Stratosphere and Luxor have already undergone renovations and been able to keep their limits to the lower end. Even if The Quad keeps limits lower for the mid-Strip, it will be the exception and not the rule of gambling on the Strip.
As the gambler ages, they'll find more bang for their buck off Strip. There's nothing wrong with playing $5 craps at El Cortez then walking over to Mob Bar for comp'd cocktails while playing video poker followed by a pancake dinner at DuPar's for $6. I think this gambler just made plans for the weekend!
[PHOTO: The Las Vegas Strip on Foursquare]