I dont think its just the Reno open being affected by the economy its all pool productions.  Is it because of the economy?  Partly IMO, however, its also because pool hasnt changed to keep up with the wants and needs of the mainstream public.  Many of us die hard pool fans will watch no matter what happens but for the SPORT yes sport, to grow, it must be treated as a sport and respected as one as well............it is not by most americans.  
Why is that the case?  Again, IMO, it starts with players wanting to market themselves as a business and in a professional manner.  Most are not.  Is it entirely the players burden?  NO! Again IMO, there has never truly been one organization that has been in place that was there for the SPORT and players.  Many organizations exist but are they working together to market the sport as a sport or for their own gain?  Are they doing what the mainstream public wants or are they ignoring this and doing what they think is best based on their knowledge of the sport and is that knowledge enough to make such decisions?  Obviously something isnt working yet there are no changes.  There are organizations that wont even communicate on event dates thus the conflict with Reno and the Mosconi cup.....this is not only ridiculous, unprofessional and bad for the sport its embarrassing.  When is someone finally going to get it and do what is best for the sport and its talent?
Until an organization steps up and actually protects the players and helps them to learn marketing techniques and helps them learn how to sell themselves in a business/professional manner...........pool will continue to be a 2nd class game, yes game not sport, to many americans............again this is my opinion and I understand many may not agree.
I do believe pool players must want more for themselves and try to make changes however, when you have to do whatever is necessary to make a living because payouts and sponsors are shrinking, can we really blame them?  Has any one organization that is in business for the love of the game as they call it approach pool as a sport and protect its assets, the players, the talent? 
Lets teach these folks how to run a business and help them market themselves.  They cant do it alone and shouldnt have to as long as others are making money from their performances.  That part at least should be provided to them free of charge.  Anything else is up to the players to carry out and they either want it or dont.  Many do and just dont know how to begin, what other sport has no support for their talent?
So the bottom line is professional level pool is considered a dying game in the USA and its very unfortunate that no one is stepping up to make noticeable changes necessary to have it viewed as a sport and marketed properly.  If pool stays the same and doesnt change with the times and start to become more exciting to the mainstream folks, it will still be us same group of folks asking this same question in 5 years.
just one big opinion and yes Im having a rough day!!