One of the things that struck me in Macau casinos was the prevalence of private VIP salons. Leased by junket operators, they give a share of profits to the casino but seem to be independently run. At last, there’s something in print that explains the phenomenon.
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