How Do Casinos Affect Our Lives?

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Within a 20 mile area of where I happen to live, I have 3 huge casinos to choose from. The problem is that every time I go to one, I do the minimal amount of gambling possible just to kill the time before I meet up with friends. The casinos are basically meet-up spots for millennials to park their cars, get together, and then leave. Modern casinos don't really make a new generation want to gamble, but rather go to the stores and restaurants within the casino, or leave and go to bars nearby.

How do casinos stay relevant in an age where people just don't feel like gambling at them? According to the Las Vegas Convention and Visitors Authority, only around 63 percent of Millennials who visit Las Vegas actually gambled when they went there. This …show more content…

Baby Boomers spend about 80 percent on gambling and 20 percent on food and entertainment. This is in contrast to Millennials, who only spend 30 percent on gambling and 70 percent on food and entertainment. As the Boomers start to disappear in the coming few decades, the casinos will have to scramble to stay in relevant to the Millennials.

Sure, casinos love older people coming in and dropping some money to gamble, but what just about every industry wants is younger people to spend money at their establishments because younger people tend to spend more. Millennials would rather spend money at nightclubs and and other entertainment options versus going into a casino and sitting at a slot machine.

What casinos need to do to stay relevant is do away with the old ways of doing things. As many business know, you can't stay complacent with what you're doing and think it will always work. One of the big things taking away from the business of land based casinos is the evolution of online casinos. Many people would rather stay at home on the couch and gamble because they don't want to deal with the hassle of going to gamble in public. That can be likened to online video games. When I was in grade school, we'd all go to a friends house to play a game on one TV. Now, with the internet, we can stay at home in our pajamas and play against

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