August 16, 2006

Whales on the Decline

If you happen to be one of the lucky few out there with lots of money to blow, and a hankering for the big casino lifestyle, it looks like Casinos may be a bit less willing to go that extra mile for you. Yup, just like in the real world, the Whale is looking like it will be endangered.

Sad but true, it seems that the Whale is slowly becoming a thing of the past. And it looks like we have uber casino corporations to thank for it.

“The average Joe coming in and leaving $50 or $100 basically pays for operating the place,”, Daniel Lee, CEO, Pinnacle Entertainment, said. “And the high end is your profit,” he added.
Las Vegas casinos also now get more than half of their revenue from non-gambling sources, such as hotel rooms, retail and food and beverage sales — further weakening the whales’ impact.

Read the whole sad story at Gambling Planet