Question by Peter: How do las vegas casinos keep all those shops open without any vacancies?
We were in Las Vegas recently and while many malls and shopping centers had many vacancies, I didn’t see a single one at any big-time casino. I know this can not be just to the number of people because some stores rarely had people in them. My friend was thinking the casinos don’t charge any monthly rent and only a percentage of income – that way the stores are filled. I can’t find any information about this on the internet. Do you know! Thanks.
Best answer:
Answer by dylanh123
Not sure actually. I was in Vegas recently myself and didn’t see many people in the shops. I was in the Stratosphere though and there were many franchise shops there which I presumed the hotel owned and had staff from the hotel working in them.
Also, hotels such as Caesars Palace would have very high-end boutiques which are never busy anyway. A couple of ridiculously rich people go in to them everyday and they make a fortune. I can’t imagine the rent to be very cheap in Caesars, Venetian and Bellagio with the amount of people walking around with money hanging out of their pockets.
What do you think? Answer below!
People are getting smarter and it has been going on for years now. My hometown mall is the same way. I have no idea how it stays open. The only people that seem to go there is old people to walk around the halls for exercise. And they don’t buy anything but maybe some food.
IN Vegas I am sure people just don’t want to pay 3 times more for a pair of shoes than what they could get at a regular store. Last time I was in Vegas, I didnt look at the prices first, and i ordered a Reuben sandwich, bag of chips a spoonful of potato salad and a coke and it almost cost $ 15.This would have cost about $ 6 at my sandwich shop at home.
Quite honestly, I think this is the beginning of the end of Vegas. There are just too many gambling options in todays world.
Good question but i’m not sure either! I would think stores, restaurants and other shops connected or inside the casinos that the casinos pick up the tab if the store doesnt meet a certain revenue each month or not pay rent.
Most shops are dyeing to get in a casino, and anyways, it’s more about the advertisements.
These are probably chain stores, where the other locations (New York, Los Angeles, Chicago, etc.) make up for lost revenue at the under performing locations.
Also, Las Vegas gets 100,000 tourists per day… so even if you don’t see people in a store, it could be selling a few $ 10,000 watches each day.
The hotel casino wants it to look good but yes they have adjusted rent and in some cases the hotel owns the store