Archive for the Vegas Seven Category

Atlantic City’s Last Great Hope? in Vegas Seven

I’ve got something besides today’s Green Felt Journal in today’s Vegas Seven: a look at Revel, Atlantic City’s latest casino:

Revel, Atlantic City’s first new casino in nearly a decade, has been called “Cosmopolitan East,” for its similarities, real and supposed to the Cosmopolitan of Las Vegas. Like the Cosmo, it’s put a great deal of emphasis on its non-gaming amenities, and, like the Cosmo, it’s struggled on the casino floor. In June, Revel’s win per slot per day—a valuable metric of casino performance—was the lowest in the city.

via Atlantic City’s Last Great Hope? | Vegas Seven.

This week’s news about Revel seeking more credit only underlines the point that the casino is underperforming.

The End of Empire-Building? in Vegas Seven

In today’s Green Felt Journal, I take a look at what the more restrained growth of the gaming industry will mean for Las Vegas:

The American gaming scene is changing. Call it maturation, or an adaptation to the post-recession, long-recovery economy, but the industry is shifting. For the past generation, expansion has been the rule, not the exception. That’s not the case anymore, and Las Vegas will have to adjust to a new paradigm.

via The End of Empire-Building? | Vegas Seven.

I think it’ll take some time for the paradigm shift (I don’t enjoy throwing that phrase around, but it seems apt here) to take root; a lot of the city still hasn’t adjusted to losing its “Number One Gaming Destination in the World” crown to Macau five years ago.

My Boardwalk Homecoming in Vegas Seven

I’ve got a very special Green Felt Journal out in today’s Vegas Seven. No, it’s not like a “very special episode” of Diff’rent Strokes or The Fact of Life that’s going to pontificate on a current social issue. Instead, I’m talking about the usual stuff I talk about in that space–gambling, casinos, and tourism–but in a much more personal way than I usually do. Here’s a snippet:

The Atlantic City I left was on the other side of history: a city left for dead, one that maybe, someday, might come back. Like Las Vegas, it blew up its past; some of my earliest memories were the implosions of the grand Boardwalk hotels. But this wasn’t replacing the Dunes with Bellagio. Old Atlantic City—the Traymore, the Marlborough-Blenheim, Million Dollar Pier—hadn’t been improved upon; gold had been replaced with concrete and red neon, when anything was built at all. Unlike Las Vegas, you never could shake the sense that you were one or two generations from the golden age.

via A Boardwalk Homecoming | Vegas Seven.

I usually don’t get that autobiographical, because there’s usually not that much of a need for me to put myself into the story. After all, it’s usually pretty straight-forward stuff–a personality profile, a sketch of a current issue–that calls for, at most, some editorial comment, but not much personal reflection.

So this is a different kind of writing for me, but for this story, it’s a path that I had to take. If it succeeds, it’s largely due to the unstinting support and fantastic sounding board of my editor, Greg Blake Miller.

On a more (literally) pedestrian note, I’ve also got some thoughts on Revel over on Two Way Hard Three. I liked the place, quite a bit, but there were a few things that left me scratching my head.

Debt Matters in Vegas Seven

This week in the Green Felt Journal I wanted to revisit an issue that continue to be relevant: casino debt loads”

It’s the dark matter of the Las Vegas casino business: there, but not readily apparent to the naked eye. You can spy reflections of it in deferred maintenance and longer check-in lines on the Strip. It’s casino debt, and it could remake the Strip over the several next years. Or not.

via Debt Matters | Vegas Seven.

I also have a web extra–some thoughts from Applied Analysis principal Jeremy Aguero on what’s happened on to the Strip’s mountain of debt. You can read it here.

Time Travel on Fremont Street in Vegas Seven

My next Vegas Seven contribution is a short piece about the strange mixing of the past and present that’s coming to define Downtown Las Vegas:

Downtown continues to mine a balanced—and, so far, successful—strategy of mixing Old Vegas nostalgia with modernized amenities. Nowhere is the Janus-faced approach that’s come to define downtown as apparent as at The D. The most obvious example is the split-level casino, which looks to the present on the first floor and the past on the second.

via Time Travel on Fremont Street | Vegas Seven.

I expect to be writing more about this theme. Downtown seems to be pulling in two separate directions–retro casino value and dot com hub. I look forward to writing more about those tensions define the area.

Vegas in the Gonzo Mirror in Vegas Seven

Today’s a big day for me in Vegas Seven. I’ve got four different pieces in the magazine. Let’s start with the cover, which is some VT-inspired musings on Hunter S. Thompson, influence on Vegas literati:

July 18 would have been Hunter S. Thompson’s 75th birthday. His name is linked with Las Vegas; more specifically, with fear and loathing in it.

The story of his pathbreaking book is about as straightforward as you would expect. Thompson drove up to Las Vegas in March 1970 to cover the Mint 400 off-road race for Sports Illustrated. In place of captions for a photo spread, he delivered a rambling semi-fictional account that ultimately grew into the novel Fear and Loathing in Las Vegas: A Savage Journey to the Heart of the American Dream. The book is a hallmark of gonzo journalism—the gleeful abandonment of objectivity for a disturbingly personal stream-of-consciousness narrative, peppered with tales of recreational drug use and abuse and politico-cultural pronouncements.

via Vegas in the Gonzo Mirror | Vegas Seven.

Instead of looking at Thompson biographically, or my own thoughts on his writing, I figured I’d look at how he looked at Las Vegas, and how that’s shaped how other writers have looked at it.

The whole idea to write the piece came from Charles S. Monster of VegasTripping, so consider it a response to the several posts on Dr. Gonzo over there.

Double Double Action in Vegas Seven

Today, I can offer you a double-shot of prose pieces featuring a game called Double Action Roulette. First, this week’s Green Felt Journal takes a look at the odds against new table games, focusing on Double Action Roulette:

Sometimes it seems like there are more people with ideas for new casino games than gamblers. From afar, it’s a lot like watching salmon swim upstream; you know that many of them aren’t going to make it, but in order for the big circle of life to keep turning, they’ve got to try.

via How to Set a Fresh Table | Vegas Seven.

Then, because I had lots more to say about the game than space in the print edition allowed, I wrote a medium-length blog piece:

I think the game is going to be accepted by casinos because it does two things that the generally like: it increases revenues while holding steady (or decreasing) labor costs. With one dealer, Double Action can generate as much revenue as two dealers on two tables. That’s important, because payroll (including pay, benefits, and payroll taxes) takes up out 32 percent of gaming revenues on casinos included in the “Boulder Strip” reporting area (geography be damned, that includes the M). In general, the casino innovations that have caught on are those that help casinos lower their labor costs; coinless slots are the most dramatic example.

Why Double Action Roulette Will Catch On

I hope to do more of this sort of follow-up in the future. Often I have to leave a lot of good stuff on the cutting room floor because it doesn’t fit in with the main point of the article but is nonetheless enlightening.

Wall-Spocks Are the Future in Vegas Seven

Today’s Vegas Seven includes a short piece I wrote about a Las Vegas start-up that’s worth looking at:

Walls 360, a local wall-graphics producer, has just announced a partnership with Moshi Monsters, an online virtual pet community think Neopets meets Pokémon with 65 million registered pre-teen users. And the company, which is based just south of the Orleans, isn’t about to stop there: It has plans to launch several more licensing partnerships this summer, adding pop-culture snap to a wall-decorating lineup that already includes images from Star Trek, children’s books such as The Very Hungry Caterpillar, and EA videogame titles.

via It’s Only Logical: Wall-Spocks Are the Future of Las Vegas | Vegas Seven.

On one hand, it was satisfying to learn about a growing local business and share their story. On the other, it was even more satisfying to get another Star Trek reference in print. And if you want your own wall Spock, check out Walls360.

Jon Gray and Linq in Vegas Seven

A few weeks ago I got to sit down and talk with a UNLV grad who’s gone pretty far in the Vegas hotel business and is poised to go further. The results of that talk? Today’s Vegas Seven cover story, a profile of Jon Gray:

For one, the $550 million shopping and entertainment district between the Flamingo and for now Imperial Palace will have its own mayor.Admittedly, the idea of a private business having a mayor—Foursquare notwithstanding—calls to mind a mascot more than an executive. But Jon Gray, the guy Caesars Entertainment has tapped for the post, is no Mayor McCheese. He’s considered one of the fastest-rising stars in the Las Vegas hospitality business. If there’s anyone who can rock the “mayor” title without losing credibility as vice president and general manager of Linq his official title, it’s a man who has spent much of the past decade learning the business from one of the best.

via The Sorcerer of Linq Alley | Vegas Seven.

Since it was unveiled, I’ve been generally upbeat about Linq. It going to add ancillary attractions without expanding the room capacity, and it makes sense from a variety of angles. I’m most curious about just how it will be distinguished from the numerous other places on the Strip where people can dine, shop, and be entertained, and Gray gave me one idea on how it will be different. I’m looking forward to seeing it all come together.

Plus, how many chances do you get to make a Mayor McCheese reference? Still waiting for the chance to legitimately drop a Hamburglar reference in somewhere. I’m not particularly fond of McDonald’s, but that stuff apparently made quite an impression on me as a kid.

Fertittas, UFC, and Online Gaming in Vegas Seven

Yesterday I wrote a blog piece for Vegas Seven about the significance of Fertitta Interactive launching Ultimate Gaming:

The story here isn’t so much the debut of a new online gaming platform. It’s the way that Ultimate will be branded and marketed. The Fertittas will align their betting platform with the Ultimate Fighting Championship, the premier mixed martial arts organization in the world, whose live shows, pay-per-views, and television broadcasts reach an audience of millions of men who happen to share

the same demographic profile as poker players.

via Fertittas Look to Leverage UFC for Online Gaming | Vegas Seven.

I’m probably going to write a column about this in the future, but I think that the advent of online gaming is going to change the business far more profoundly than is expected right now. There’s going to be some creative destruction and probably many unforeseen consequences, which will make it interesting to chronicle, if nothing else.