Vegas Casinos, Hotels Sweeten Pot With Deals During Economic Bust

By  CHUCK HENRY

Updated 1:25 PM PDT, Mon, Jan 26, 2009

Related Topics: Las Vegas

6 Comments   Post a comment Post a Comment

AP

 

The water is still dancing in front of the Bellagio, your odds of winning in the casino haven't changed and the neon is as bright as ever.

On the surface, Vegas looks like Vegas, but something has changed. Tom Kubisack from Laguna Beach says he noticed it right away.

"It's a lot less crowded. You don't have the fight the crowds. You come here and you walk right into a restaurant. You don't have to wait an hour or hour and a half. Now it's maybe a two-minute wait, if that," Kubisack said.
 
Compared to this time last year, visitation to Las Vegas is down 10 percent. That is unheard of -- a double-digit drop in Las Vegas -- it's never happened before. When the November numbers are released next month, it's expected to be much worse.

Lorenzo Thomas, a valet at Cesar's Palace, says he knew it was bad when people with $100,000 vehicles started giving dollar tips.

This week, one of the largest owners on the strip, Sheldon Adelson, who runs the Sands Corp., which owns the Venetian, became Las Vegas' biggest loser when his personal wealth dropped by more than $25 billion.

Because Nevada's tax structure relies on gambling dollars to fund everything that happens in the state, lawmakers are considering opening up a new source of revenue by lowering the gambling age from 21 to 18.

Before the economic crisis, roughly a million Southern Californians a month traveled to Las Vegas. To keep those cars coming, Vegas is turning to what it's best at doing: offering deals.

Here's just a sample of the rates this week:

  • $27.85 a night at the Stratosphier
  • $80 at the MGM Grand
  • $58 at the Monte Carlo
  • $30 at the Sahara
  • $27 at Texas Station
  • $119.37 at the Venetian

Even at the most luxurious of properties, like the Trump Tower, visitors can get a suite for $138, and guests will also receive a $50 credit for use at the restaurant or spa.

Don't want to drive all the way to Vegas, there's Whiskey Pete's, just a few feet on the Nevada side of the state line in Prim. Rooms are going for $13 a night, Sunday through Thursday.

As every casino owner knows, without tourists, Vegas would be nothing more than just a lot of bright lights in the desert.

Comments (6)

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  • cuca Thursday, Nov 20 at 7:47 PM FLAG COMMENT I go to Vegas a lot, but of course the more I play the better the rewards. I'm a diamond member in the Harrah's group of hotels and I get lots of freebies. I was there last week very dead and you could tell they are giving away alot more than in the past. But I noticed that the Indian Casino really want your business and figure if they can get you there they'll make it worth your while. I get $125 playing money at some fr ... MORE >
  • Nikki Thursday, Nov 20 at 2:10 PM FLAG COMMENT @ Jeff You are basically paying for your own room. If you have enough credits on your players card for rooms, then you have obviously gambled a lot. Giveing you comps is just another mind trick. YOU HAVE ALREADY PAID.
  • cb Thursday, Nov 20 at 5:33 AM FLAG COMMENT " I believe they don't care about there customers." Duh - what do you think they are, The Red Cross? They are in it for the money, as we all are! Get over thinking the world is here to take care of you.
  • Richm Wednesday, Nov 19 at 11:42 PM FLAG COMMENT Why go to Vegas, they will take your money, and in good times they charge you a lot to stay there. I believe they don't care about there customers. let's see if we can make them hurt.
  • Jeff Wednesday, Nov 19 at 6:55 PM FLAG COMMENT Have not actually paid for a room in Vegas, Laughlin, Tahoe, or Reno in many years. Get yourself a Players Card and use it. Free rooms, meals, cash, and more. But NEVER PAY for a room

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