Tag: Casinos

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What Would You Do With A $100 Gambling Budget?

July 21, 2014 at 5:08 PM | by | Comments (24)

When we looked at the average Las Vegas visitor, a few things that stood out. Some commenters were surprised so many people (15%) still book Las Vegas visits through travel agents while other commenters were surprised that some visitors (13%) had a gambling budget between $0 and $99. Today's average Las Vegas visitor isn't quite the same as we remember from Vegas Vacation.

People reached out directly to discuss the subject of gambling budgets since I’m a gambler. According to research by the Las Vegas Convention and Visitors Authority, 80% of visitors who gamble do so on the Vegas Strip. Those people may not be spending as much money on gambling as they did 30 years ago, but they’re making their gambling budgets last all day. The report indicates 54% of those gamblers play slot machines and the Vegas Strip might not be the best place to get the most bang for their buck.

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The Numbers Behind The Average Casino Customer

July 2, 2014 at 12:12 PM | by | Comments (9)

Every business wants to know who their customers are. Made up of casinos, game manufacturers, suppliers and others, the American Gaming Association (AGA) is one of the leading voices of the commercial casino industry. Each year, AGA surveys casino customers to see who's visiting and what they're doing. Unlike the Las Vegas Convention and Visitor Authority (LVCVA), the AGA works with casinos across all the United States. Here are some random facts about the people who visit casinos:

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Is A British-Themed Casino Coming To The Vegas Strip?

June 16, 2014 at 3:49 PM | by | Comments (8)

It was good for a chuckle, but a Daily Mirror article stating that the first English-themed gaming resort was headed to the Strip is more fiction than fact. The Mirror is well-known as a tabloid overseas. Type "is the Daily Mirror" into Google and the site will suggest the word "reliable" to complete your search.

Still, it was an enjoyable read, if better suited for the Onion. The Mirror's fantasy casino was dubbed Ye Olde England Casino and touted over-the-top kitsch as its main draw:

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Casino Games Going Away

May 23, 2014 at 3:14 PM | by | Comments (6)

We can see with our own eyes that the casino floor has changed a lot over the past 20 years, but now we have specific documentation as to how. What goes up, must come down and that is true for more than our bankroll. (sigh)

Casinos expanded almost every year from the 60s until the mid-2000s. Now, the action on the floor is shrinking as the focus falls to adding pedestrian-friendly new restaurants or easy-to-grab, overpriced cups of coffee. Here's how casino floors have evolved throughout Nevada over the past 20 years (from 1994) according to UNLV's Center For Gaming Research:

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VegasChatter Questions: Do Casinos Have Craps Lessons?

May 20, 2014 at 1:05 PM | by | Comments (5)

You have questions and we have answers! Timely answers, at that. We were walking through The D the other day and were reminded that many casinos still offer free gaming lessons. This experienced gambler hasn't taken a gaming lesson in a while, but it's nice to see that casinos still offer this kind of education.

VegasChatter Reader Chris R. was wondering if this was still a thing... and where he might get a lesson on the Vegas Strip:

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Is The Dog Wagging The Tail Or Vice Versa At Casinos?

May 16, 2014 at 2:20 PM | by | Comments (6)

To gain more players, casino operators are doling out more free play to players club members. Free play can be free bets at the tables, but are more often slot dollars for use in a slot or video poker machine. These offers aren't open-ended. They're usually set for specific dates and are usually redeemed by inserting a players club card into a machine. Larger players may receive promo chips for one time use.

While a few extra bucks may not make you choose to take a Vegas vacation, it may help sway where you stay if room rates are equal. In exchange for giving out copious free play to casino guests over the past few years, casino operators also decided to tighten slot machines to the point where they can still make money from guests. Sneaky casinos!

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In Downtown Vegas, An Inside Look At Casino Cheats

April 10, 2014 at 12:10 PM | by | Comment (1)

It's such a fascinating topic that even Hollywood can't resist it -- cheating the casino. Odds are you've never done it, but have you wondered about it? The answer is likely yes. And, if that's you, the Mob Museum's next speakers series has your fingerprints name all over it.

On May 21, the downtown attraction will host, "Beating the Odds, An Inside Look At Casino Cheating." The title pretty much says it all, but it becomes even more interesting when we hear that a "former card counter, a casino surveillance director and (the) Nevada Gaming Control Board Chief" will all take part. Here's a brief look at the panelists:

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How Casinos Invest In You And How You Can Get The Most Out Of Them

February 20, 2014 at 5:10 PM | by | Comments (17)

We all know that players clubs don’t exist only as a vehicle to give us freebies and discounts. They’re marketing tools that casinos use with much more diligence than you may realize. Rewarding casino customers for their loyalty makes plenty sense, but there’s a rhyme and reason behind every single offering. Casinos look at players clubs as a way to reinvest in their most loyal customers. Casino executives call this “Player Reinvestment” since rewards have historically been based solely on gaming revenue.

What might surprise you is how much casinos value customers. Casinos spend anywhere from 20%-40% of tracked gaming revenue on player reinvestment. As you might imagine, that money isn’t spread equally among customers. The more money a customer brings into the casino, the more the casino will invest in making that person return.

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Harrah's Has More New In Store

Where: 3475 Las Vegas Boulevard [map], 89109
January 27, 2014 at 7:12 PM | by | Comments (5)

Harrah's is betting big on a casino floor revamp, but that's not all set to happen for the aging Vegas property this year.

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In Las Vegas, The Walking Dead Slot Invasion Has Begun

January 22, 2014 at 12:27 PM | by | Comments (3)

The Walking Dead return to televison February 9, but you need only to shuffle into a Vegas casino to get your fix now.

The Walking Dead slot machine has finally begun its invasion of Sin City. The game can now be found at Bellagio, The Mirage, Arizona Charlie's West (on South Decatur) and the Palms. Keep an eye on this website to keep track of new locations to play dead (har) in Vegas.

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While At The Tables, Toasting The Loss Of A Comfort Zone

January 21, 2014 at 6:24 PM | by | Comments (9)

It was on the second night of this four-day vacation at around 2 a.m. when I found my new brown baby at Planet Hollywood. Her name is Macallan.

Enjoying an alcoholic beverage in a casino is a must for many. Some will grab a drink before waiting in the check-in line. It’s a good excuse to yell VEGAS, BABY! Others will wait until they sit down to gamble to enjoy a “free” drink. We know those drinks aren’t free because we’ve already added to the casino's coffers so why not have one? This writer has always enjoyed a little of both. Drink at check-in? Check. Drink at blackjack? Check. Drink in a lounge? Check. I’ll pay for a drink and relax, party or gamble. It doesn’t quite matter. It’s Vegas (baby)!

Almost every year since turning 21, I’ve come to Las Vegas in December with my dudes. We usually rage until our bodies force us to stop. The end of the night used to be 24-26 hours after it first began. As we got older, the end of the night became a little earlier. Six am steak and eggs at Grand Lux at Venetian has turned into late-night secret pizza at the Cosmopolitan. Not bad, but not the same. With age has also come a curiosity to try new, more “adult” drinks. On this last trip, I tried sampling the brown boozes. This is a big step for a vodka and beer drinker.

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How Are Vegas Strip Casinos Making And Losing Money?

January 14, 2014 at 1:08 PM | by | Comments (3)

When we think about casinos, we imagine there’s no way they can possibly lose money. The casino has a profit margin built into every game they offer. There may be less than a 1% advantage, but there’s still money coming their way. It’s a little surprising when you read the headline “Nevada Casinos Post Fifth Straight Fiscal Year Net Loss”. However, this  article takes all revenue into account, not just the casino portion of the hotels in the state of Nevada. Seeing stories like this only make us more curious about how the numbers actually work. Luckily, UNLV’s Center For Gaming Research publishes a lot of this information.

Since this is VegasChatter and not NevadaChatter, we’ll look at Vegas Strip hotel data. It’s time for fun with numbers!

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