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Reply to "Why was Las Vegas cheaper when it was ran by the mob?"
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[quote=Anonymous]Nothing to do with the Mob vs Corporate ownership. Vegas' near monopoly on legal casino gaming has slowly eroded over 50 years. Gaming revenue was the lifeblood of old Vegas, the free drinks, cheap eats, and shows where all about pumping up gaming revenue. Up to the early 90s gaming revenue made upwards of 75% the strip's total revenue. Today it runs 25-35% depending on the property. Rooms, F&B, Entertainment, and rent from outside vendors fill the void. [/quote]
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