With the x-rated word (recession) being bandied around these days, it is interesting to see how this effects the “recession-proof” gambling industry.

Pundits that have always claimed that gambling is not be affected by a slowdown in the economy are getting their beliefs put to the test these days. Las Vegas has had a tough year. Tied with Miami for the biggest year-over-year drop in housing prices, at a unbelievable 19.3 percent, add to that near record highs in gas prices and you get… well a bit of a slowdown.

According, to the stats (if you can really believe them) Las Vegas was down about 5 percent in January over January a year ago. My recent trip to Sin City would confirm this. I saw less crowds and way less machines and table games being played.

So what does this all mean to you, the casual traveler? Deals baby, deals. Let’s face it Las Vegas isn’t about to go belly up anytime soon. Even though the profits for January were down, they still clear over a billion dollars. But…. the casinos like their money and one thing they do in Las Vegas better than anywhere else in the world is give things away.

The upside to all of this is that casinos are taking the initiative to corner customers. Gone are the days when every casino had their own comp card. Instead they have grouped together to make a few “super cards”. The great thing is now instead of winning a medallion or a coffee cup from your player points now you are rewarded with your hotel room being comped.

You can also expect to see some great deals on travel in the near future. Here is a link to the latest and greatest from Travelocity , use these as a benchmark before booking your next trip. Also you could try this coupon

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