Casino Advantage Player LV Bear Says Casinos Partly to Blame for Reduction in Visitors

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Straight truth about the casino industry from a longtime Las Vegas-based advantage player with extensive knowledge of the industry.

It's time to get back to the basics of offering value to the average visitor. 'Value' and 'service' appear to be words most of the present crop of casino managers are not familiar with -- short-term results and today's stock prices seem to be their only concern. Right now, they are getting what they deserve.

Nevada gaming revenues fell more than 15 percent in May, according to figures released by the Gaming Control Board. Link to news story: http://www.lvrj.com/breaking_news/24311387.html

Long-time Las Vegas-based advantage player LV Bear, who maintains a gaming industry-related blog at http://www.TheBearGrowls.com, offers his explanation on why casinos themselves are partly to blame for the reduction in visitors. Bear, a pseudonym used because he is an active player and would likely be barred from further play at most casinos if his true name were publicly disclosed, recently said: "Maybe the suckers are finally getting it. With ripoffs like 6 to 5 blackjack, sportsbooks refusing to take bets of more than chump change, short-pay video poker and many similar insults to our city's visitors, most people can find better quality gaming elsewhere. It appears the other overpriced Las Vegas amenities are among the first things people cut out when times get tougher. Casino greed is killing the golden goose. The Las Vegas casino bosses' business model, which seems to rely on the theory that there'll always be more suckers to plunder, may finally be coming to a screeching halt.

"Las Vegas once was a worthwhile destination for a person of average means. But now the average person has been priced out of the market by the corporate barons now running the casinos. It's no wonder tourism is taking such a hit."

LV Bear stated that he hopes that the largest casino operators would be fall into bankruptcy and be forced to divest themselves of most of their properties, which could then be acquired by individual entrepreneurs willing to offer patrons reasonably fair treatment.

Bear went on to say, "Some imaginative and competent owners and managers taking over the worst-run corporate properties could do wonders. For example, downtown Las Vegas suffers every year from declining revenue. But the only thing downtown has to offer is better games. The current group of operators appears not to be able to recognize and capitalize on this. Downtown odds and games now mimic the Strip, continually getting worse for the patron. There is little reason to go downtown anymore."

"Casino operators should see this economic downturn as an opportunity to return to giving the patrons some value, instead of just taking advantage of Las Vegas visitors with bloated prices on rooms and shows, poor service, bad attitudes, and lousy games," Bear continued.

"Las Vegas has plundered the tourists for a long time," said Bear. "The motto for the Convention and Visitors Authority ought to be, 'Las Vegas -- a great place to live, but I wouldn't want to visit.'"

Bear concluded his remarks with this advice for Las Vegas casino managers, "It's time to get back to the basics of offering value to the average visitor. 'Value' and 'service' appear to be words most of the present crop of casino managers are not familiar with -- short-term results and today's stock prices seem to be their only concern. Right now, they are getting what they deserve."

LV Bear can be reached through his website at http://www.TheBearGrowls.com.

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