In today’s Green Felt Journal, I look at the growth of Las Vegas as a family reunion destination. It all really fits:
Family-friendly Las Vegas never went away—it just doesn’t get the same press as nightclub Las Vegas or tech-startup Las Vegas. For proof, look no further than the burgeoning business the city does in hosting family reunions.
via The Other Convention Business | Vegas Seven.
I wrote this after browsing the upcoming convention listings for the LVCVA and having my curiosity piqued by the number of family reunions listed there. It’s definitely a growing part of several casinos’ sales approaches.
In today’s Green Felt Journal, I look at a few of the personalities behind Ultimate Poker:
Online poker seems so … unearthly. Hands are dealt on a glowing screen. Cards are made out of pixels, not pasteboard. And yet it’s here, and it’s very real.
For now, there’s one company that offers online poker in Nevada: Ultimate Gaming. It’s headquartered in an industrial strip mall on Harmon Avenue, a few blocks west of the Strip. And it’s filled with an interesting mix of about 60 administrators, techies, creative types, marketers and casino veterans.
via Poker Pioneers | Vegas Seven.
Ultimate Poker has a great story–I’m hoping to write more about them and their competitors, once other sites go live. Fascinating to see history unfold.
In this week’s Green Felt Journal, I tackle the issue of smoking in casinos on the Las Vegas Strip:
The implicit question raised in those cheeky billboards is this: Smoking is banned in restaurants, movie theaters and indoor arenas. Why is it still permitted in Nevada casinos? The short answer: because casinos were exempted from the Nevada Clean Indoor Air Act, which voters approved in November 2006.
via Smokeless on the Strip? | Vegas Seven.
Two things I want to mention here….
1. I love the art for this column.
2. This, I think, is the most divisive issue in the gaming industry today. Casino execs get very dismissive/defensive when the topic of banning smoking on casino floors comes up. Personally, while I respect the right of people to smoke, I also think that my right to be in a public place without breathing in smoke has to rank somewhere. Doesn’t it?
I’d like to see one of the two big companies experiment with making one of their casinos smoke-free. Let’s say, Monte Carlo for MGM Resorts and Planet Hollywood for Caesars. Give it a three-month trial run at the very least: see what it does to occupancy, gaming win, overall spending. Would it work? Revel would seem to indicate no, but Revel’s problems didn’t start with not permitting smoking on the casino floor. In other states, there has been an initial revenue drop followed by a recovery. While I’m sure some people would gamble less, other people may gamble more, and I suspect that traffic at restaurants might increase as well, with non-smokers not having to run a smoky gauntlet before getting to their eatery of choice.
In this week’s Green Felt Journal, I take up bowling, which seems to be heading towards a renaissance in Las Vegas.
Las Vegas’ first casino bowling alley opened in 1959 when the off-Strip Showboat added lanes as part of its successful effort to refocus on locals, driving growth at the property for the next 20 years.
Showboat’s success has made bowling a mainstay of locals casinos—so much so that the International Bowl Expo came to Paris Las Vegas this month it ends June 28. Yes, it’s ironic that the expo settled on a casino without a bowling alley, but the lanes have been the purview of locals casinos: Station has five bowling alleys in the Valley, with lanes at Red Rock, Sunset Station, Texas Station, Santa Fe Station and Wildfire Sunset.
via Pin Interest | Vegas Seven.
Researching this gave me a chance to learn a little about bowling. I really like that aspect of writing the Green Felt Journal: I get to learn quite a bit on a variety of subjects.
For this week’s Green Felt Journal, I offer you an 800-word version of the 10,000-word paper I presented at the International Conference on Gambling and Risk-Taking. It’s my attempt to assess whether the mid-decade spate of mergers was good for anyone…and from what I’ve discovered, it looks like the answer is “not really.” From Vegas Seven:
For the Las Vegas casino industry, the past decade has been defined by two things: consolidation and disaster. From 2000 to 2008, Las Vegas Strip casino operators acquired each other until two companies—today they are known as MGM Resorts International and Caesars Entertainment Corporation—controlled nearly two-thirds of the Strip corridor casino market. The following three years is where the disaster, in the form of the recession, comes in. The timing of the two makes it difficult to assess whether the mergers were good or bad, on the balance, for Las Vegas, but the evidence we have indicates that we would have been better off with less-concentrated ownership.
via Casino Concentration and the Logic of Empire | Vegas Seven.
There’s a lot of research behind my conclusions that didn’t make the Vegas Seven article, but if the article makes it into the conference proceedings, you might be able to read the whole thing.
Glad my suggested headline (complete with Heinlein reference) made it to print.
Busy week, so I’m just posting this week’s Green Felt Journal about the EB-5 program, which is changing Las Vegas:
“Invest In Your American Dream,” reads the text next to a photo of the “Welcome to Fabulous Las Vegas” sign. The words are quickly replaced by “LAS VEGAS EB5 IMMIGRATION CENTER IS YOUR BEST CHOICE,” with a view of the Strip at night, followed by “THE OPPORTUNITY TO OBTAIN U.S. GREEN CARD,” against a pastiche of a billowing American flag with extra stars, the Statue of Liberty and the Capitol building. Then, just to make the message clear, we get “THE OPPORTUNITY TO EXPERIENCE AMERICAN LIFESTYLE,” laid over a skyline that’s definitely not Las Vegas.
via Investing in America | Vegas Seven.
I learned a good deal researching this one…it will be interesting to see where the program goes in the next few years.
I’ve been wanting to write more about Macau, which is such a huge gambling story, for a while, and when given a feature slot for Vegas Seven, jumped on the chance to talk about Macau’s impact on Las Vegas. The result is this week’s cover story:
Back in the early days—2006 or so—American executives signing on for tours of duty in Macau felt like they were stepping into the Wild West. Street violence had subsided since the island’s 1999 reversion to mainland control, but there was still a sense that this was a frontier, a place where anything could happen. And when strangers rode into town—often from the former frontier town of Las Vegas—they went where strangers always go first: the saloon. In this case, that meant the Embassy Bar at what was then the Mandarin Oriental hotel. It was an admittedly upscale saloon, but for an expat executive it was an oasis, a free-port, a place to make crucial first connections and ease into Chinese life. It offered just enough reassuring familiarity, and just enough tantalizing strangeness.
via The History of Our Future | Vegas Seven.
At 4,000 words, this is a long magazine piece for me, but I think you’ll agree it packs a lot of story into those words. The great art really helps. I’m as proud of this as I am of anything I’ve written so far.
Last Sunday, on a short deadline for my Green Felt Journal, I suddenly got inspired. I recalled that Caribbean Stud Poker no longer had a separate line item in the monthly Gaming Revenue Report (these things apparently stick in my head), and figured, that’s got to be worth a column.
Some digging for numbers and comment later, I had a story. You can read it for yourself:
But with limited floor space, games that no longer draw don’t last. This is nowhere more apparent than in looking at the fate of Caribbean Stud Poker in Nevada. Once nearly ubiquitous, it’s now nearly gone from the state’s casinos.
Caribbean Stud Poker is known in the industry as a proprietary table game. Some games, like roulette and blackjack, have rules that are in the public domain; any casino can offer them, as long as they get regulatory approval. Proprietary games, on the other hand, are developed by a creator who patents his or her work. The creator then sells the game to casinos, which pay a per-table rental fee ranging from $30 to $2,500 per month; more profitable tables command higher rents.
via One Game’s Wild Ride | Vegas Seven.
I learned a lot writing this one–I hope you find it interesting as well.
In addition to the two features (Light and space) in this week’s Vegas Seven, I have a Green Felt Journal, which talks about the probably impact of MGM’s proposed Park development:
How about getting back to urban basics and creating a worthwhile street-level experience? That’s what MGM did on April 18 with the formal announcement of The Park, comprised of retail/dining development on underutilized land between New York-New York and Monte Carlo, a renovation of the Strip-front facades of both resorts and a 20,000-seat arena operated by international sports and entertainment giant AEG.
via MGM’s Park, and Competition With Linq, Will Be Good for Vegas | Vegas Seven.
It’s a project that I think is correctly scaled to what Las Vegas is today. And from what people say about it, I’m looking forward to the Shake Shack, if nothing else.
I already shared one feature I had in this week’s Vegas Seven: my piece on space tourism and Vegas with a sidebar on Zero-G, which currently flies out of McCarran. I also wrote a feature on the evolution of nightclubs, as seen in the soon-to-open Light at Mandalay Bay:
With all that success, it’s no wonder today’s nightclub scene is crowded. Meanwhile, clubs are working themselves more deeply into the weft of resort fabric, with dayclubs and vibe dining carrying them into new areas. At the turn of the millennium, nightlife started going Vegas. Now Vegas has gone nightlife.
via Anatomy of a Nightclub | Vegas Seven.
One of the things I like best about the online version is the link back to my January Green Felt Journal, which wondered if Las Vegas had a nightclub bubble.