Is there any connection between the two? and if so -what is the connection between them?
Well, there seems to be a strong connection between the two.
Oil prices are constantly rising and have reached $130 a barrel, a recession is around the corner.
When planning vacations, tourists are cutting back their expenses and very often decide not to travel both by air and by car. Foreign tourists outside America are only 13% of all visitors in Vegas so it can be a big problem for the city.
MGM Mirage Inc which is one of the most famous casinos in Las Vegas, announced that earnings dropped to $118.3 million, compared to $168.2 million in the same quarter a year ago. Same with all the Casinos located in the "STRIP ".
I have friends that live in Denver, Colorado. They used to travel to Vegas at least 4 times a year but not this summer. The gas price is too high for them and it's a long drive.
You can hear people across the country saying similar thing.
You should ask-who is getting the benefit from all this?
The answer is simple - online casinos. The harsh economy causes many gamblers to cancel or reduce the number of casino trips so they choose the fastest and easiest way to gamble - they join online casinos in a minute and start playing.
With this situation, players are looking for the big and easy money and the online slots jackpot websites are the best way!
Players can bet small stakes and get the chance of winning a huge amount of money. Last month a guy won $1,500,000 in the jackpot of Europa casino.
You can find another big jackpot at Las Vegas USA Casino, which allows American players. And it is one of the best online Casinos - check out our list of USA Online Casinos if you're a casino gambler based in the US.
As you can see, there are some really good alternatives for Las Vegas offline casinos, so start saving your money and consider playing online at one of our recommended casinos, and play only when you are ready! (free slots can help you with that). Check back with our online casino blog for more news on the casino world industry!