Anybody remember when Las Vegas was a bargain destination? If you do, you’re among a dwindling minority. “Pain points” in pricing by Sin City are becoming a hot topic with consumers, Casino Reports found.
One person getting an earful about it is former Vegas casino president and retired California regulator Richard Schuetz. He found that “the main bitch I hear from people that have returned from Las Vegas is how damn expensive everything was.”
That may explain why Las Vegas Strip gambling revenue has been trending downward for the past six months, even when visitation was up year-over-year. Schuetz theorizes that “the guests who come to Las Vegas may have the same budget they had last trip, but less is spent on gambling and more on higher priced meals, parking, special fees, or one of the many other line items that increasingly populate the receipts in Vegas.”
