Las Vegas casinos and tourism

All the factors that bind the consumer in Las Vegas or Macao, and their behaviors around the game are completely explainable, and that is why they are going to be analyzed with great detail, from the impact this has provided to the economy, such as to tourism as such, and to the worrying behavior of impulse for the expense that people have, a point that also works to make those who are just integrating into the world of gambling reflect.

The resorts in the casinos are something important to name, since it is a very interesting phenomenon that is in force in tourism, but that is not a completely new concept. Moreover, it has been applied for approximately 50 years, and perhaps it is used massively around the world, one of the most popular sites is in the vibrant area provided by the Mediterranean Sea.

Income in Las Vegas and its change

Las Vegas casinos have a growth that is apparently increasingly linked to an exclusive side. But that does not mean these are secret games that are administered in a quite questionable and at the same time gloomy way.

In places like Las Vegas you can see a friendlier atmosphere than anyone would expect, one in which tourists are more than welcome to enjoy the facilities, which has attracted the attention of several educational institutions that are dedicated to examine everything in more detail, the UNLV was the one that gave quite interesting results.

The so-called University of Las Vegas, revealed in 2018 that revenues that are not related to the game only represent more or less 66% of total revenues in Las Vegas, all this as a result of the evolution of what would be the market in the subsequent 17 years, with this it is estimated that hotels, entertainment, gastronomy - among other luxury factors - have become a very important source of income.

Iconic casinos in Las Vegas operate from the most luxurious hotels, which incidentally have an open mind in terms of restaurants, swimming pools and even the themed attractions they own.

These hotels are designed for people who spend their time in one sector or another, but who always focus on the casino.

For Las Vegas the seriousness of the game is very much, it is a strong business that is closely monitored by the game commissioner in the state of Nevada, which regulates practically everything; and this includes employees and even manufacturing things as simple as a chip.

When you think of Las Vegas it is inevitable not to think about casinos, they are practically synonyms, which allows the city to become something necessary for the treatment of the game as a primary product.

All this also means that the game cannot be separated from its accommodation, which would end up being a great opportunity for any company that wants to be a tour participant. Among the casinos and attractions, more than one thing is possible because the one that is incomparable is incredible.

All of the above implies a fairly obvious conclusion, and that is that casinos in Las Vegas are organized in a way that benefits hotels. And if this compares with some facts that were seen in Las Vegas, along with other sites such as Macau, you can find some pretty interesting things.

Currently, tourism in Macao that is not related to the game only goes over 20%, a figure that is well below the figure in Las Vegas that was 66% and thanks to the information of the Monetary Fund in Macau, it took up to 30 years to achieve the diversification that Las Vegas achieved.

And through the Agency of visitors in Las Vegas it was estimated that the city receives approximately 55.8 million people annually, all in search of fun through casinos or entertainment in general; although there are also those who go for exclusive purchases and even for the luxuries that the spa provides.

But what makes Las Vegas a success?

  1. The airport may be one of the reasons, it occupies a considerable place as the eighth in the list of the best worldwide speaking, and an estimated 45.6% of visitors prefer to fly.
  2. As time goes by, Las Vegas has taken advantage of trade opportunities through the translation of tourist experiences.
  3. Hotels like the Strip currently have 150,000 rooms, in addition to the fact that suppliers have increased significantly in these 20 years.
  4. Shopping offers are more fun, without the entertainment, tourism and the most impressive restaurants.
  5. The investment is in infrastructure.
  6. The new convention of about $2.3 million only for the global business district.

It is said that the average duration of a stay in Las Vegas is about 4.4 days, which exceeds Macao with 1.4 days.

With all this, Chinese companies focus more on integrated business models that are based on conventions. As in Las Vegas, where it is helped by generating various cash flows, in addition to gains that come from more massive players, and of course segments that are not related to the games.

The behavior of every consumer

In 2018 there was a constant flow of first-time visitors, who were also young on average. At this time people had a little more opportunities to participate in all kinds of activities, such as going to pool parties, bars, and clubs among other things.

It is estimated that the increase in Millennials was 34%, that is, people who are a part of the current economy, and showed a special interest with the casino and its traditional options.

All this leads to hotels striving to give completely new experiences that satisfy the thirst for innovation that young people have today; this allows players to come back wanting more.

Another statistic revealed that virtually 73% of visitors returned to Las Vegas even though they had other options to spend their vacations. Why? What is transmitted in Las Vegas is priceless.

Procedure of betting

The reason for this is driven by the relationship between probability and gambling. As with dice and blackjack, there is a system of odds of aiming to win or lose on roulettes. The methods of betting, based on the previous thing, what they do is to get ahead with previous events that will influence, in a positive way, in the plays to the future.

It can be seen from this point of view that it is a bit confusing, but there is no theory without explanation and that is precisely what will be developed next with the most recognized roulette betting systems.

Fibonacci method

This game system is based, no less, than in a mathematical formula, and its objective is basically to establish the parameters for a player to place their bets. According to Fibonacci, each number is the result of the sum of the previous two.

That is, in a sequence the 1 is the first, and it increases in the following way; 1 + 1 = 2 + 1 = 3 + 2 = 5. With this method, it is considered that bets are made in the same way. For example, if a player starts betting $5, the system, according to Fibonacci, should go like this: 5 + 5 = 10 + 5 = 15 + 10 = 25 + 15 = 40 and so on.

Martingale method

Playing with this system is one of the riskiest ways to participate in roulette, but many players affirm the effectiveness of the method, becoming a world-class technique.This consists in that after each defeat the player doubles their bet, compensating the lost money.

For example, if a person pays two dollars for a red box and loses; it means that the next round must bet 4 dollars on a black square.The dynamic, although simple to understand, can diminish a player’s coffers at an insidious speed. Therefore, it is better to know other methods before embarking on the Martingale.

Cancellation method or Labouchere

As the name implies, this technique consists of putting together a series of numbers and canceling them as the rounds pass. This system is designed for equal bets, so it can be used in red/black boxes and odd and even numbers.To start a bet with the Labouchere method, the first thing to do is break down the amount you want to win in small numbers, for example, 10 dollars can be broken down as follows: 1-1-1-2-2- 2-1.

Once this is done, the numbers of both ends will be taken and added; the result is the amount of money that is going to be bet per spin. This will continue until the central number is reached.In the last two cases, of course, the facts can not be ignored, and, while the employee signs his dismissal letter and receives his liquidation, the player is being exiled from that casino and, probably, from a list that includes unwanted players.

D’Alembert method

Similar to Martingale, it is one of the simplest and, surprisingly, the most effective to use. There are no big risks of losses and, according to the method, the player will get good profits. D’Alembert establishes, then, that with each loss the player must increase his bet one dollar and, after each win, he must reduce it by the same amount.