If you don’t see a video, it’s…

If you don’t see a video, it’s here: http://youtu.be/EqZ82UwJuBQ

Author David G. Schwartz summarizes chapter 15, “A Clockwork Volcano: Las Vegas Strikes Back,” of Roll the Bones: The History of Gambling (Casino Edition).

This chapter starts by discussing some of the technological changes that made possible the rise of slot machines, like the introduction of video poker and wide area progressive games like Megabucks. It then talks about The Mirage, which opened in 1989 and kicked off the 1990s boom for Las Vegas. Although it completely changed the Las Vegas Strip, before it opened, many were skeptical that it would succeed.

We then learn about other important companies like MGM Mirage and the Mandalay Resort Group, which, through a series of mergers (including one with Mirage Resorts) became MGM Resorts. Las Vegas Sands, which owns the Venetian and Palazzo, is also profiled.

For more information about the book, visit http://www.rollthebonesbook.com

Words from the past

Speaking of dark and gloomy, here’s a quote from the day before Mirage opened back in 1989, from the LA Times via proquest: At the same time, though, the new competition is expected to drive struggling gambling halls out of business.”There’;s going to be a shakeout,” said Glenn S. Schaeffer, chief financial officer of Circus … Read more

CityCenter and traffic

I’ve been busy today getting the slot hold occasional paper finished up, so running the risk of CityCenter fatigue, here’s an excerpt from my last LVBP column about, you guessed it, CityCenter: This might be the most novel thing visitors notice about CityCenter, at first. And its hard to believe that its not by design. … Read more