The tourism industry spends billions of dollars annually. Some countries rely on the tourism industry due to their fragile social infrastructures, such as Cambodia and the Philippines. On the other hand, not all activities that tourists enjoy are designed for families, and some activities are for adults only.
Gambling is considered an industry that can attract tourists. Had Macau not had a casino, it wouldn’t have been as vibrant as it is today. The same is true for Las Vegas. In fact, if you look at how Las Vegas casinos are designed, it’s not just a place for gamblers to enjoy poker and slot machines, but also a place for sporting events where you can bet on your favorite players. You can see that.
Las Vegas once earned most of its revenue from gambling, and 20 years ago, gambling revenue reached 90% of Las Vegas’ total revenue, according to some reports. However, the situation has changed significantly over the years. This is because the structure of these casinos has become suitable for people who come for fun other than gambling. It was around that time that resort services became more popular. This means staying at the hotel, relaxing, and enjoying the Las Vegas experience with or without gambling.
Economic crisis and gambling travel
The number of tourists can also be affected by the economy. In 2008, the annual number of visitors to Las Vegas was overtaken by Macau. Instead of flying to Las Vegas, many visited Asia’s largest casino. The global epidemic of the new coronavirus has also affected Las Vegas today, and the fact that many have been unemployed must also be taken into account. In the past, there were many people who were willing to spend money on casinos. These tourists have already accepted the fact that visiting a casino such as ‘play88 casino‘ is likely to reduce the principal because the casino always wins. However, many people have lost their jobs due to the global epidemic of the new coronavirus and tend to refrain from unnecessary expenses.
Online gambling and gambling tourism
The advent of the Internet has been a turning point for many gamblers. In fact, many people nowadays enjoy playing games such as poker at home. With a mobile device and a stable internet connection, you can start playing games right away. This can affect the number of gamblers going to a particular location, as some people prefer to stay at home.
What is the future of gambling tourism?
As I mentioned earlier, the gambling industry is changing. However, gambling tourism remains a profitable business, and many were excited when the casino bill was passed in Japan in 2018. However, Sands decided to withdraw from the Japanese market and cancel the project, considering that the profits earned by foreign gamblers at the casino could be taxable. So what about the future of the gambling industry in light of these challenges? Will the casino transform into a new normal adaptation to attract more gamblers?