MGM posts big 2nd quarter loss, Vegas vacations keep getting cheaper

By Miss Julie | August 5th, 2009

vegasnightThe home of booze, babes and gambling has been suffering with the downturn of the economy. Big time. As fewer businesses are booking conventions in Las Vegas and fewer travelers seem to have the disposable cash to take a trip to Sin City, the city has been hurting for tourist revenue lately. In fact, according to Bloomberg News, the MGM Grand (the biggest casino owner on the strip) in Vegas posted a $212.6 Million second-quarter loss. So, what does this mean for you? Some absolutely screaming good Las Vegas deals, cheap hotel rooms on the strip and plenty of discounts around every corner. Southwest Airlines Vacations. Indulge for less with great rates on vacation packages to Las Vegas

Fewer people traveling this year (both for leisure and business), has been hard on Vegas, a city that runs off tourism dollars and out of town visitors coming to soak up the sun and try their luck in the casinos. Turns out high unemployment and repossessed homes don’t really seem to put many in the mood (or financial situation) for a Vegas vacation, which means now is actually a perfect time to get a super cheap ticket to Las Vegas and find some great deals and special offers at the many hotels on the strip.

If you are looking to book a trip to Vegas before the end of the summer, lots of Vegas hotels are offering Summer deals. This includes Mandalay Bay, which is offering up rooms starting at just $89/night, which are being promoted as $20 cheaper on select dates. These cheap Vegas hotel rooms also come with a $25 dining credit at the House of Blues Restaurant, $20 to spend down at the beach/pool and coupons for $5 child admission to the Shark Reef after 5 p.m.

If you are so excited about the great deal you scored on your flight and hotel, you may be chomping at the bit to score a deal on some Las Vegas tickets to the best shows on the stripwhether it be to watch Lindsay Lohan take her top off in burlesque revue or seeing a magician in concert.

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