Gaming revenue from the Las Vegas strip decreased 4.66% year-over-year to $527.38 million in August and has declined 3.4% in the first two months of the fiscal year. Who cares? Not the owners, some of which are share holders. Why? because things are great all over Vegas. Gambling has been declining month after month for years now, when will it stop? How much more can it decline before it levels off? Right now the 28-34 year old age group is the one’s responsible for most of the profits and the over 50 group is doing all the gambling. Las Vegas could not care less about the over 50 age group and it shows by all the money that is being spent on night clubs and swimming pool day clubs. Casinos will not even spend money on improving the air quality of the casinos because it’s cash cow age group are not in the casino, they are in the clubs.

Night clubs continue to surprise the old school management as they forget about the gamblers and pay attention to the club goers. It takes a long time to take 1000 dollars from a gambler but only an hour to get it from an average 30 yr old going to Your club. But Resort owners must not completely ignore the gamblers, without the gaming, Vegas would not have the allure that is needed to have the clubs. The gambling used to be the Steak and the shows and clubs used to be the potato but now the gaming is the potato. You cannot have a steak without the potato, so both are still important.