Locals returning to the slots
Las Vegas Strip casinos are still struggling to bounce back from this spring’s COVID-19 shutdowns, but the same does not seem to be true for Nevada’s off-strip casinos. According to a Forbes report, the smaller casinos not in the heart of tourist alley are drawing local customers and are thus starting to find success where the sprawling resorts are not.
In another Vegas casino first, Caesars Entertainment announced Thursday that The Cromwell boutique hotel & casino will reopen on October 29 as the Strip’s first ‘adults only’ venue. Latest batch of layoffs. Three Las Vegas Strip casinos have announced that there will be more layoffs as a result of the COVID-19 pandemic. Casinos in the city have been struggling since reopening in June because of decreased out-of-state visitors, no convention traffic, and mandated reduced capacity.
And this doesn’t just apply to casinos. Other off-Strip venues that offer gambling machines, like taverns and even grocery stores, have been seeing brisk business lately.
“I cannot believe what I saw—every slot machine was taken.”
“I cannot believe what I saw—every slot machine was taken,” professional sports bettor Bill Krakomberger told Forbes of a recent grocery trip. “There was actually a wait to play video poker at Smith’s. I was shocked.”
Chad Beynon, an analyst at Macquarie Capital, said that local residents are willing to go out and gamble because they have been able to stay afloat financially for four main reasons: federal government stimulus payments, the housing market has held, the big casinos have paid furloughed workers, and retirees weren’t relying on employment income.
South Point owner looking to 2022
South Point Hotel and Casino is a “tweener” casino, in a sense. While it is a large casino resort and technically on Las Vegas Boulevard, it is well south of the Strip-proper and very much caters to local gamblers.
Speaking with the Las Vegas Sun about the difficult year, South Point owner Michael Gaughan said: “We do a lot of business in the local market, and the people here have been taking care of me. We’re not making a whole lot of money, but we’re not losing any.”
He added that he thinks things will get back to normal for Las Vegas by 2022.
I don’t think it can get any worse.”
“I’ve been here since 1952 and this is probably the worst thing that’s ever happened to (Las Vegas). I don’t think it can get any worse.”
Gaughan said that the Strip casinos have a lot of work to do to get back to where they once were. At this point, it is just about survival, about keeping as many employees on the job as they can.
Strip casinos need tourists for recovery
August financial results reflect the diverging fortunes of off-Strip and Strip casinos. According to a Macquarie report, gambling revenues for the Las Vegas Strip resorts fell 39% in August year over year, while revenues rose 10% for the “suburban” casinos.
The difference lies in the customer bases of the different casinos. Strip resorts rely heavily on tourists and conventions. During the COVID-19 pandemic, those revenue sources have dried up.
Airplane traffic is down 60% from last year; nearly half of visitors to Las Vegas arrive via plane.
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The Fitch Ratings Service disagrees with Gaughan in the time that will be needed for recovery. Whereas he thinks everything will be alright by 2022, Fitch believes it will take through 2024, predicting that the Strip’s gaming revenues will still be down 20% in 2022.
The accommodations
Circus Circus is the family sociable hotel situated in the heart of the Las Vegas Strip. Just three minutes away from The Las Vegas Convention Center, Circus Circus is a prime location for your family’s Vegas vacation.( Famous Las Vegas Casinos )
It will let your thoughts run wild in the 5 Acre Adventuresome with the famous Carnival Midway, or experience the world’s largest everlasting circus with acts from around the globe.
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Your stay at Circus Circus is planned with budgets in mind. Reserve one of the 3,770 deluxe rooms in either The Circus Circus Tower or one of the five three-story Manor Rooms that offer refrigerators, a pool and convenient self-parking.
The best features
The hotel also has the only RV Park located on The Las Vegas Strip. There are 399 spaces that come entire with full-service utility hook-ups, an expediency store, arcade, laundry mat, playground, pet runs, and disposal stations.
If amusement is on your itinerary, The Adventuresome is the place to find it. The theme park has 18 rollercoaster rides like the Canyon Blaster, Sling Shot, and Chaos, free Clown Shows, and a Carnival Midway that is packed with 200 of today and yesterday’s most popular games.
Share the fun and excitement with your kids or sneak down when they are asleep and enjoy the thrilling rides and games of The Adventuresome.
The casino
The casino offers spectacular adult pursuit with over 2,000 slot machines, 53 blackjack tables, 10 poker tables, 7 roulette tables and much more.
What is payout on slot machines. Your favorite slot machine has an RTP of 95%. Over the course of one year you play your favourite slot machine every weekend and wager a total of $1,000. On average, that machine should return $950 to you in the form of winnings. The most important thing to remember is that the RTP is a statistical average.
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The Race and Sports Book has 14 TV monitors, so you can watch your favorite teams, catch up on national events, or watch live horse races from the track on the giant TV screens.
Circus Circus presents fun and leisure for the whole family. With rides and magnetism all over the hotel, your stay at Circus Circus is bound to be the thrill chasing understanding you and your family will never forget.
Suncoast Hotel and Casino
Hot vegas free slot games app machine. The accommodations
Just 10 miles from the Las Vegas Strip sits the Mediterranean grace of the Suncoast Hotel and Casino.
The hotel is situated on 50 acres and is surrounded by an 81-hole championship golf course.
Suncoast Hotel and Casino takes pride in being a desert oasis that offers its guests with an escape from the glitz and glamour of the Las Vegas Strip.
Suncoast Hotel and Casino has a broad collection of exciting activities to find out on your vacation.
The hotel houses a 64-lane bowling alley, a movie theatre, the Time Out Arcade, and some of the finest golf obtainable in Las Vegas.
Suncoast Hotel and Casino is also close to many area natural attractions including Red Rock, Hoover Dam, Mt. Charleston, Lake Mead, Valley of Fire State Park, and Death Valley National Park.
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In the prominent 500 seat Suncoast Showroom, there are plenty of shows to enjoy for all types of entertainment.
The showroom hosts World Stars of Magic, Brandon Bennett “Elvis My Way”, My Mother’s Italian My Father’s Jewish & I’m In Therapy, Clint Holmes, and Sonny Turner, former lead singer of The Platters.
No issue when you visit the Suncoast Hotel and Casino, there will surely be an thrilling show waiting for you.
The casino
Suncoast Hotel and Casino has over 80,000 square feet of casino space featuring gambling such as Baccarat, Slots, Bingo, Blackjack, Poker, Pai Gow Poker, Roulette, Craps, and a spacious Race and Sports Book that seats over 150 people.
For the bingo fan, there are eight 12 game sessions daily that are held at the Suncoast Hotel and Casino’s 600 seat bingo hall.
If poker is more of your taste, the hotel has a non-smoking 12 table card rooms that is open 24 hours, 7 days a week.
Luxor Hotel Casino
The accommodations
Luxor housing is visually spectacular and contemporarily selected with modern amenities.
Feel certain when you book a room through luxor.com you will receive the guaranteed lowest rate for our hotel.
Luxor promises that if you do find a lower published rate on one of our rooms (does not apply to group and convention reservations or packages and promotions), it will not only match that rate, and Luxor will also give you an additional 10% off the lower rate.
The best features
Luxor is offering our loyal casino customers an improved customer service program that will make your stay with us even more enjoyable.
As a member, your Luxor Express Card offers you the expediency you deserve for that eventual experience.
This will be your key to unparalleled service. Visit the Luxor Players Club booth to receive your modified Luxor Express Card.
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Earn Players Club rewards based on your slot and table games play and use your rewards toward dining, activity, hotel rooms, and more in twelve participating properties.
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The casino
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For $20, you will receive $30 in casino chips along with a Win Cards tri-pack brochure. Each tri-pack contain easy to follow table game instructional cards for Blackjack, Craps and Roulette.
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