Vegas Casinos seeing red

If you get off the Strip you can find $5 tables downtown -- but that means you have to go downtown. Of course, I won a shit-ton (for me) seven years ago playing downtown.

I played in a St. Louis casino last year, and the lowest table open was $10.

EDIT: And now I see exmedia beat me to it.

 

From the control board's website:

The Nevada Gaming Control Board has released its “NEVADA GAMING ABSTRACT – 2015.” The ABSTRACT is a report of combined financial information regarding Nevada gaming licensees grossing $1 million or more in gaming revenue during the fiscal year ended June 30, 2015 (FY 2015).

During FY 2015, there were 271 casinos in Nevada, which grossed $1 million or more in gaming revenue. Together, these casinos generated a net loss of $661,779,138 from total revenues of $24,591,388,351. These results are improved compared to FY14 when the net loss was $743,688,008 and total revenues were $23,895,954,169. “Total revenue” is the money spent by patrons on gaming, rooms, food, beverage, and other attractions. “Net income/loss” is the money retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses. Gaming revenue accounted for $10,622,398,618, or 43.2% of total revenue. These 271 casinos paid $810,110,939 in gaming taxes and fees, equating to 7.6% of their gaming revenue.

 

My guess for the next 10-20 years...

Are people going to feed slot machines in 2030 the way old people feed them in 2016?

I'm not so sure about that because it's a passive activity. The old people in 2030 will need something more than tapping a Wheel of Fortune slot machine for an hour, surrounded by cigarette smoke and other old people.

The Strip increases the table limits but screws you on the odds a little more every decade. Reno used to be the only place in Nevada where dealers hit Soft 17. Now they almost all play BJ at 6:5 and not 3:2.

Add in the influence of the Asian economy as well. If that's down, the effect on LV casinos is sharp as well.

 

It's called Tunica and/or WinStar in Thackerville, Okla.

 

If you take the back way to Tunica, you'll have a breathtaking education in kudzu and shacks. I bet the state was glad when the expressway to Tunica was finished.

 

Something tells me they'll make it.

 

Heck, in 2030, most casino gambling could be on computers or smartphones. As for me, I'm afraid where doing that would lead.

 

Speaking personally, it would probably lead to a refrigerator box in an alley. Two addictive vices combining like that would wreck this country the way opium wrecked 19th century China.

 

But will they go to a casino in 20 years and hit slot machines for an hour? That I'm not so certain. Smartphones are tons more engaging than pressing "MAX BET" over and over again.

 

Apropos of nothing, the white guy hosts HGTV's "Income Property."

 

Any place that doesn't have live blackjack is fail. And did the El Cortez give the roaches a separate fruit basket?