revenues still down in vegas.

No real surprise here...from the Las Vegas Review Journal:

Gaming revenues decline again

Gaming revenues in April decreased 5 percent compared with the same month a year ago, the fourth straight month in 2008 casinos took in less than they did in 2007. Gaming revenues were $1 billion, compared with $1.053 billion a year ago.

On the Strip, gaming revenues were $524.1 million in April, a 1.28 percent decrease compared with $530.9 in April 2007.

Gaming taxes collected by the state based on April's gaming revenues were off 3.5 percent from a year ago, the seventh month out the last 11 that gaming tax collections have shown a decrease.

A few years ago, when I was a dealer, we at the casino used to comment how casinos were recession-proof. That's not the case any longer. Although I would guess the riverboats and Indian casinos across the nation are hurting worse than Vegas as a whole. Just a guess, though.

Just a year ago the Strip was gearing up to skew high-end with lavish resorts catering to affluent people. That's not going to change, but the gaming side of things will have to skew toward "average" players until we come out of this poor economy.

Again, duhhhhh!