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Las Vegas Casinos Looking Forward to New Year's Eve to Make Up for 2009 Revenue Decline
The economic crisis in the U.S. hit 2009 harder than any other year in the past 50 years, so it comes as no surprise that many people will have a reason to celebrate this Thursday when it finally comes to an end. One of the industries hit hardest by the economic crisis was the gambling industry, therefore Las Vegas casinos are looking forward to this day to make up for a huge revenue decline.
Las Vegas has always been the "place to be" on New Year's Eve with huge concerts, elaborate parties and great entertainment, but this year Vegas casinos are looking to bring in people who would not normally come to Las Vegas for New Year's Eve.
"New Year's Eve is a time in Nevada when the casinos make up for some of their lost revenue from the holiday season," said gaming analyst Steve Schwartz, "This year, the parties will not be as big, but they will still bring in more people than a normal weekend would throughout the year."
Las Vegas casinos are hoping that the influx of New Year's Eve visitors will bring with them money to gamble and hopefully boost revenue at the close of 2009. Both Vegas and Atlantic City, the two biggest gambling destinations in the U.S., have seen revenue declines in the double digits for most of 2009, so this increase in business for New Year's will be most welcomed.
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Las Vegas has always been the "place to be" on New Year's Eve with huge concerts, elaborate parties and great entertainment, but this year Vegas casinos are looking to bring in people who would not normally come to Las Vegas for New Year's Eve.
"New Year's Eve is a time in Nevada when the casinos make up for some of their lost revenue from the holiday season," said gaming analyst Steve Schwartz, "This year, the parties will not be as big, but they will still bring in more people than a normal weekend would throughout the year."
Las Vegas casinos are hoping that the influx of New Year's Eve visitors will bring with them money to gamble and hopefully boost revenue at the close of 2009. Both Vegas and Atlantic City, the two biggest gambling destinations in the U.S., have seen revenue declines in the double digits for most of 2009, so this increase in business for New Year's will be most welcomed.
Discuss this article in our forumCheck New Year's airfare to Las Vegas
Reserve your Las Vegas New Year's Eve stay
 