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OK so how bad is it really in Vegas?

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OK so how bad is it in Vegas?

Room rentals for the month of Dec 2008 were down by 9.9% compared to Dec 2007.

Visitors down 660,000 for Dec 2008. So for the year of 2008 the total loss of visitors is 2.3 million.

530,000 less people flew into Vegas for the month of Dec 2008.

Gaming revenue down by 23.5% for the month of Dec 2008. That means $143,000,000 less spent gambling for the month of Dec 2008 compared to Dec 2007.

Convention visitors, 6000 less then last year. For the year we have lost over 1.6 million convention visitors.

For the month of Dec 2008 we had 215 less conventions then Dec 2007. 1400 less coventions for the entire year of 2008.

I extracted this info from Vegas tourism and convention statistics so its pretty much on the mark.

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  1. MargaritaVillain's Avatar
    Room rate offers are amazing right now. Casinos are obviously hurting. I'm getting comp offers from places where I never even gamble. With Encore opening and Fontainebleau coming soon, room rates should continue to plummet as this economy spirals downward. It's sad.

    If MGM's Project City Center ever gets finished, it will flood the hotel and condo market even more. Isn't Trump's tower still sitting there half-empty? Last visit, I saw those Planet Hollywood condo towers...bad time to be completing those babies. It's a crazy time in LV, for sure.
  2. mysteryman's Avatar
    Yes Vegas is a mess. The condo market it flooded! MGMs Project City Center is now an eye sore for the city. None the less it would be nice if MGM would at least finish off the exterior facing the strip so tourist will not see a rusting steel frame.