Tag Archives: Las Vegas gambling

Harrah’s Entertainment Expands Rewards Program to Nongamblers

Each day in Las Vegas tens of thousands people spend oodles of money on nongaming activities.   Knowing this, Harrah’s Entertainment has recently come up with a new revenue enhancing idea- expanding their rewards programs to nongamblers. 

Customers signed up on the programs can now earn a reward point for every dollar spent in stores and restaurants at Harrah’s casinos.  Although the largest chunk of overall casino revenue is generated by gambling, that amount is falling as other segments, including rooms and drinks, is growing at warp speed.

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$5,000-a-spin Slot Machines in Las Vegas

High rollers are not just hanging around at the card tables in Las Vegas anymore. 

Aria in the new CityCenter complex in Las Vegas boasts $5,000 denomination slot machines with a max bet of 1 credit per spin. 

Dig deep and just maybe you too can have a thrill!

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Las Vegas Gamblers Fold ‘Em

Las Vegas visitors reportedly wagered less in 2009 than in previous years- more than $50 less. 

A Las Vegas Visitor Profile released by Las Vegas Convention and Visitors Authority found the average gambler budgeted about $481 per trip last year. That compares with almost $532 in 2008, more than $555 in 2007 and nearly $652 in 2006. 

Gambling was just the tip of the economic iceberg:  lodging, dining, shows and shopping were also casualties.  The study found hotel spending per night was down 25% in 2009, to about $76; the average cost of a tour package was down 14%, to about $640; and the total spent on restaurants was down 8%, to about $250. Spending on shopping was down 16%, to about $102. Visitors spent an average of about $40 on shows, down 23%.

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Nevada’s $6.8 Billion Casino Loss in ’09 the Largest Ever

As a result of declining gaming revenues, reductions in hotel rates and reduced consumer spending, Nevada’s highest-grossing casinos generated a net loss of almost $6.8 billion in fiscal year 2009- the largest ever for Nevada. 

The huge loss resulted from a total revenue of more than $22 billion including money spent by customers on gaming, hotel rooms, food, beverage and other attractions.

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Gamblin’ in Las Vegas is Human Nature

What does the very popular Austrialian vocal group Human Nature when they’re not performing at Imperial Palace in Las Vegas?  Gamble.   What else?  It’s Sin City! 

Human Nature, who formed as a doo-wop band in 1989 in Sydney, Austraila, has now been performing “The Ultimate Celebration of the Motown Sound” to rave reviews at the Imperial Palace in Las Vegas for the past nine months. 

Tight harmonies and rich vocals are what make Human Nature standout in concert. Songs like “Reach Out”; “Just My Imagination”; “I Can’t Help Myself (Sugar Pie, Honey Bunch);” The Jackson Five’s “ABC,” and the group’s moving version of Robinson’s “Ooh Baby, Baby,” are their mainstays.  

Motown music legend Smokey Robinson has acted as their official envoy and presenter of the LasVegas show and its touring production.   Now, it appears that Robinson has switched gears somewhat, gearing up for doing his own shows and promoting his own music including his new CD on his own label, “Time Flies When You’re Having Fun,” which is an album that embraces Robinson’s favorite theme: Love.

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Super Bowl Betting the Largest Total Ever

Most Super Bowl betting experts predict this year’s Super Bowl to be the biggest in terms of overall traffic and amount of bets placed at the online sportsbooks and in Las Vegas.  

A Las Vegas bookmaker makes the Indianapolis Colts an early four-point favorite to beat the New Orleans Saints in the 2010 Super Bowl and the bookies (both in Las Vegas and online) pushed the line up to -5 ½.  Sportsbetting.com and a few others have moved the line up to Colts -6. 

Sean Van Patten of Las Vegas Sports Consultants recently told the AP that the Colts’ experience on the NFL’s biggest stage (they won Super Bowl XLI three years ago) helped them take the decided edge. 

The total in this Super Bowl, with a number that has remained steady for the most part, is 56 ½, being the highest total ever posted. 

“In the Super Bowl, most people don’t mind if the defense doesn’t show up as much,” Jay Rood, director of the MGM Mirage’s Race and Sports Book in Las Vegas, said in a telephone interview last week with Bloomberg News Friday. “For the most part they like to see a track meet back and forth. This one could deliver.” 

John Avello, the race and sports book director at the Wynn Las Vegas, said he can envision several scenarios that would keep this year’s game from being a high-scoring contest. 

“For the most part I’d believe that the weather will cooperate, but there’s always the chance it won’t,” said Avello, noting that both clubs played their first two playoff games in domed stadiums. “Second, the Colts’ defense is a lot better than people anticipate and the Saints’ defense showed they can get to the quarterback. This game may not be quite the shootout that’s anticipated.” 

“This is clearly the highest total for a Super Bowl we’ve ever had,” said Jay Kornegay, executive director of the Hilton Race and Sports Book. “People like to bet on offense and it’s shaping up to be an offensive game.” 

Despite the high number, nearly 75 percent of those betting the total were still backing the OVER heading going into the contest.

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The Venetian in Las Vegas Adds Aresenal of Pocketcasino Games

More than offering just pocketcasino sports wagering, which Cantor Gaming launched at The Venetian last September, Cantor Gaming, an affiliate of the global financial services firm Cantor Fitzgerald, has announced yesterday that their pocketcasino (only available on the Las Vegas Strip at The Venetian and The Palazzo), is now offering casino style games in addition to in-running sports wagering incuding traditional casino games such as blackjack, video poker and slots.  

Included in the new choice of casino games are innovative games including XtraOdds Blackjack and XtraOdds Baccarat. These games offer extra propositional bets that dynamically calculate odds based on the cards dealt, giving an extra opportunity to press or hedge your bets.  

Pocketcasino gaming promises a dramatic increase to business revenues while allowing casino patrons to multi-task and gamble like never before, including allowing patrons the ability to play casino style games while roaming throughout the high limit slot salon, Grazie gold lounge, race & sports book, and designated public areas currently including  bars, lounges and restaurants at The Venetian and The Palazzo in Las Vegas.

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