Real-Time Quote
US News
Page 1 of 4 | Next Page
Show Entire Article

In Sin City, Greed Is Not the Main Attraction
CNBC.com | February 21, 2012 | 01:10 PM EST

Welcome to Sin City, where greed and lust blatantly compete to clean out your wallet.

This President’s Day weekend, Las Vegas was the most popular place in the country to be — according to the online travel company Orbitz — and lust won by a landslide.

“We haven’t gambled at all. We’ve spent most of our money on food. Not drinks, though. We get to drink for free,” exclaimed Alanna Webber, over blasts of pop music at the Bellagio’s latest nightclub, Hyde.

Free drinks for single ladies is the standard in this town. But that’s just the bait. Gaming companies are profiting in other ways.

These four non-gambling friends are paying $350 per night to stay in the Cosmopolitan, who’s slogan is “Just the Right Amount of Wrong.”

And the cocktails they’re drinking cost men, single or not, $15.00 each.

“The Cosmo is a younger crowd. We’re here to party,” said Jenna Houssian, a 21-year-old college student.

And so is everyone else in this sweaty, gyrating room. They’re just willing to spend a bit more to do it.

"Average daily hotel rates on The Strip are up 10 percent from 2011," said Reid Webster, regional director of Gaming for Orbitz . He said the industry also is paying a lot of attention to what they call "non-gaming spend."

Page 1 of 4 | Next Page
Show Entire Article
Real-Time Quote
omniture pixel