Archive for July, 2009

Las Vegas Convention Center Picks Up

Thursday, July 23rd, 2009

The Las Vegas convention center has been rather slow in the summer months but this summer is a bit different. The convention center seems to be hosting one event after the next. And this does not come as a surprise since there is obviously a lack of income in the city of Las Vegas and the city is doing everything it can to drive traffic inwards.

The majority of the eastern states and other places in North America have showed to have a rather colder than expected summer which has also helped Vegas to draw some summer visitors. And while traffic is not nearly as high as it has been in previous years it is still picking up at a steady pace.

The mayor of Las Vegas was recently asked for his predictions on the recession and what will become of the lively city of Las Vegas. The answer was positive but not completely clear, the mayor said that the next few months will really test the endurance of the city and people will likely need to keep Vegas in mind when planning a vacation to make sure that the economy of the city stays afloat.

He closed his statements by saying that Vegas is a city that counts on the travel and tourism sector quite heavily to drive their economy so the more people that keep planning their Vegas vacation the better the chances of the city coming out of this okay and stronger than before.

Vegas Weather Feeling Hot!

Monday, July 20th, 2009

Many cities in the US and other places in North America are complaining that this summer just isn’t warm enough. Well those of you that are looking for a vacation can surely take advantage of the beautiful weather and warm temperature that Las Vegas has to offer.

The weather has been very nice and steady the last couple of weeks. And many of the cities visitors are taking full advantage of it by lying out by the pools of all the great hotels on the strip.

The weather is supposed to stay beautiful for at least the next month or so! There are great deals and discounts available online to book your trip to Las Vegas so if you were waiting for the right time to take advantage of great prices to go on a trip to Vegas- now is the time to do it!

Many hotels are offering great summer deals on their own websites so people can take advantage simply by visiting the home websites of the strip hotels and finding a package that works best for them.

Promotions are now including table credits, dinners, and even golf. So you could really enjoy everything that Vegas have to offer, starting from the great hotels to the fabulous restaurants to all the fun games at the casinos on the strip.

And for those of you that enjoy the game of golf you can even play a few rounds at some of the best golf courses in North America. Las Vegas has it all and all you have to do is go online and book your next trip!

Casino Revenues Increase!

Friday, July 10th, 2009

For the past year, Las Vegas revenues have been rapidly declining. Casinos, hotels, and other tourist attractions have been seeing less and less visitors, as the recession has encouraged individuals looking for fun to look for more home-based forms of entertainment. Today, Las Vegas has finally received some good luck! Reports show that casinos are seeing more business, causing many casino stocks to increase. This is the first time in weeks that Vegas casino stocks have seen any sort of action on the stock market.

Las Vegas Sands saw the biggest increase, increasing 11.28% to $7.28. This is shortly after Sands hit a low of $6.40 earlier this week. Wynn Resorts’ stock also jumped to $31.97, securing its status as one of the safest casino stocks to invest in. Investors in MGM Mirage have also seen an increase in security, as the stock has recently been stabilizing, finally closing at 5.85% on Wednesday. One of the unlucky casino stocks was Melco Crown, which rose less than 1%, bringing its price up to $4.30. But, an increase is still an increase, even if it is a small one.

Analysts predict that this is the beginning of the gaming industry’s recovery from the recession. In May, revenue from Las Vegas Casinos dropped only 8.34%. Even though profits are still decreasing, they are doing so at a far less detrimental rate. In April, revenues dropped nearly 14%, and May’s decline is nearly half, indicating good news for investors in Las Vegas casinos.