How much money?

November - 27 - 2009 Reporter: Rick

Every time I go to Vegas one of the first thing that goes through my mind is how much money does it take to operate one of these monstrous Casinos? I mean seriously, these things are bigger than a lot of towns and probably employ more people. So I did a little research and came up with some interesting facts I thought I would share with you.

First off finding information on this was kind of tricky, I chose the easiest route and grabbed the financial reports off of the Mirages website. Here is how it broke down.

mirage-fin

What I found a little shocking is that the majority of the income was not derived from the casino but in what is described as Non-casino revenue. That’s right the Las Vegas hotels make more money from their hotel operations than from the gambling. To make it even a little clearer I added a nice chart.

graph

This definitely confirms what I have been saying for awhile now that the price of a Vegas weekend has gone up a lot. Gone are the days of $1.99 buffets and freebies , if you want something you better be prepared to pay or… follow this blog and we will do our best to unearth specials, deals and general ways to get more bang for your buck.

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