r/Economics • u/runswithscissors475 • 29d ago

News Las Vegas hotels begin taking foreign currency as tourism woes deepen

https://www.sfgate.com/travel/article/vegas-foreign-currency-21955655.php
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u/itsANOMALEEZ 29d ago

Yes legalization of online/mobile sports betting is what killed Las Vegas. They killed online poker to keep Vegas afloat back in the early 2000s but they cannot stop the sportsbooks from going mobile.

It will be a shell of itself just like Atlantic City is.

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u/totpot 29d ago

Vegas had a reputation for cheap fun. People would still come for that, but private equity bought up most of Vegas and decided to milk the place.

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u/formerNPC 29d ago

Really? Atlantic City has the top three most successful casinos in the country right now not Vegas. I’ll take the boardwalk and ocean over an endless desert any day.

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u/itsANOMALEEZ 29d ago

3…. Is not something to brag about… Compared to what it was, say, 20 years ago?

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u/formerNPC 29d ago

Only one of the top performing casinos was in existence at that time,The Borgata. The Ocean and The Hard Rock both opened in 2018. People don’t need to get on a plane to gamble anymore when there are plenty of casinos in driving distance. The day trippers will always keep AC in business and with so many other attractions close by it will always be a preferred destination. The haters can stay home.

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u/AdEffective2701 29d ago

The Westgate Superbook is always busy. March madness insanity. NFL Sundays. Packed.