Las Vegas is dying
- Thread starter Phil C. McNasty
- Start date
Exactly. When criticising the dear leader becomes a reason to deny someone entry that crosses a very big line for most of us. If you’re doing something sketchy or hiding the true nature of the reason you’re visiting by all means the border agents have every right to search and deny entry. But expressing a political opinion? America, you have a big problem.
And the biggest problem they have is the demented, sicko pervert in the Whitehouse and the 40% of the population still supporting him.
Wait at least a year. The deals are coming once things really tank down south.
Should be interesting to see in a year or two.
As has been said, the place is currently catering to high earners / high spenders, as is much of the U.S.
Nearly half of U.S. retail spending comes from top 10% of earners
The spending imbalance is at the highest levels it has been since Moody’s Analytics started collecting this data.
Vegas is a very unionized city, which makes it difficult to match up low wage folks with low spenders. If the Roulette lady at Circus Circus makes about the same as the Roulette lady at the Venetian, it is difficult to make it work for the casino with different table minimums. And many of the higher end casinos and lower end casinos are owned by the same company.
It could all collapse and we could see the old Vegas back. But I kind of doubt it. If the stock market boom continues, particularly in tech, we could just see the lower-end places be converted to things of more interest to the high earners / high spenders.
If so, Canadians should simply look elsewhere, as should many Americans. The currency conversion hit and Canada’s tendency to allocate its income more equally makes it difficult for the Canadian tourist to be a high earner / high spender in Vegas.
Vegas isn’t going to die like the sensationalist article says, but it might end up being dead to a lot of people that don’t end up being in the ideal customer group. The place has exploded in size over the years, and it might go through a downsizing and some conversions.
The major problem was the private equity sale of the real estate. Vegas has always had unions since the conversion to the present strip. While the "family friendly" era didn't last long the idea that it catered to all demographics was what made it a success. During those big growth years.Should be interesting to see in a year or two.
As has been said, the place is currently catering to high earners / high spenders, as is much of the U.S.
Nearly half of U.S. retail spending comes from top 10% of earners
The spending imbalance is at the highest levels it has been since Moody’s Analytics started collecting this data.www.marketplace.org
Vegas is a very unionized city, which makes it difficult to match up low wage folks with low spenders. If the Roulette lady at Circus Circus makes about the same as the Roulette lady at the Venetian, it is difficult to make it work for the casino with different table minimums. And many of the higher end casinos and lower end casinos are owned by the same company.
It could all collapse and we could see the old Vegas back. But I kind of doubt it. If the stock market boom continues, particularly in tech, we could just see the lower-end places be converted to things of more interest to the high earners / high spenders.
If so, Canadians should simply look elsewhere, as should many Americans. The currency conversion hit and Canada’s tendency to allocate its income more equally makes it difficult for the Canadian tourist to be a high earner / high spender in Vegas.
Vegas isn’t going to die like the sensationalist article says, but it might end up being dead to a lot of people that don’t end up being in the ideal customer group. The place has exploded in size over the years, and it might go through a downsizing and some conversions.
I remember being at the opening of Wynn. Happened to be there. I was playing BJ with a dude. I was 10 bucks a hand, he was playing 10 GRAND a hand. And losing and not giving a shit. Fun night.
But the formula worked. Fill the rooms, cheap food. Offer a variety of shows, and offer the possibility to win. Take that 1000 in losses from most, but the loser laughs it off because they had a great prime rib dinner, free drinks, and got comped Sunday night.
The rich ones stayed at the rich places, the middle class at theirs, the little guys off strip. Let the lower tiers peek into the nicer places and dream.
There aren't enough rich people to float those rents. Especially when the economy tanks. I heard a rumor Ceasers group is having great difficulty right now. I bet MGM is as well.
When I first started at my current place of employment, I had to make regular trips with my boss into the States for work purposes. This was during the Obama years. My boss gave me one piece of advice: don't talk about politics in the States, even if you agree with the American you're talking to. Just claim ignorance. According to him, Americans can get downright vitriolic about politics, and can especially take umbrage at non-Americans having an opinion on American politics.
I can't personally attest to that. Since I took his advice, I've never had problems. I have, however, seen fistfights while down there over politics. And I've heard plenty of disparaging remarks about Canadians, spoken openly.
I actually had many reasoned conversations. Many were open and curious about how our healthcare worked, differences in culture etc. The MAGA types were generally sullen, or would occasionally interject with ill information or just stupidity. But they weren't really tolerated.
Now they are. They have agency. That's the difference.
