I could be wrong since casino revenues were already declining share of these hotel/gambling companies even pre Covid, but they are just hastening their own demise.Īnyway, only time will tell. Long term this will result in fewer young people getting hooked on the Vegas gambling experience, and for regular adults, the lack of value with gambling means they will think twice before coming to Vegas for vacation. But The mins now essentially price out most people from being able to gamble more than just a few hands or a few hours if they’re lucky. Those trips were formative and now in my thirties I come to Vegas regularly. When I was in my early twenties going to Vegas, it was an amazing time because I could afford to experience the Vegas gambling on a budget for an entire weekend. My hypothesis is that this will bite them long term.
There was a recent WSJ article about how casinos have purposefully jacked up mins so they can still make similar revenue with fewer dealers. I’m at Wynn now and the cheapest is $50 in the middle of afternoon on a Thursday. At mgm grand in may it was impossible to find $25 BJ, craps, after 6pm. These days you’d be hard pressed to find even a $25 table at any semi decent casino on the strip. It’s common knowledge now that Vegas table mins have skyrocketed since Covid.
