Las Vegas is dying
- Thread starter Phil C. McNasty
- Start date
Exactly. When criticising the dear leader becomes a reason to deny someone entry that crosses a very big line for most of us. If you’re doing something sketchy or hiding the true nature of the reason you’re visiting by all means the border agents have every right to search and deny entry. But expressing a political opinion? America, you have a big problem.
And the biggest problem they have is the demented, sicko pervert in the Whitehouse and the 40% of the population still supporting him.
Wait at least a year. The deals are coming once things really tank down south.
Should be interesting to see in a year or two.
As has been said, the place is currently catering to high earners / high spenders, as is much of the U.S.
Nearly half of U.S. retail spending comes from top 10% of earners
The spending imbalance is at the highest levels it has been since Moody’s Analytics started collecting this data.
Vegas is a very unionized city, which makes it difficult to match up low wage folks with low spenders. If the Roulette lady at Circus Circus makes about the same as the Roulette lady at the Venetian, it is difficult to make it work for the casino with different table minimums. And many of the higher end casinos and lower end casinos are owned by the same company.
It could all collapse and we could see the old Vegas back. But I kind of doubt it. If the stock market boom continues, particularly in tech, we could just see the lower-end places be converted to things of more interest to the high earners / high spenders.
If so, Canadians should simply look elsewhere, as should many Americans. The currency conversion hit and Canada’s tendency to allocate its income more equally makes it difficult for the Canadian tourist to be a high earner / high spender in Vegas.
Vegas isn’t going to die like the sensationalist article says, but it might end up being dead to a lot of people that don’t end up being in the ideal customer group. The place has exploded in size over the years, and it might go through a downsizing and some conversions.
