wynn resorts

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

Taking a bow

My Las Vegas Business Press piece on Encore is up. It’s an expansion of my original post on this site. Here’s my grand conclusion: Encore, in its essence, is hopeful. Even the name is a reminder that something came before, and something will come after. It’s both a great new resort and a call to …

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Encore echoes

There’s been quite the buzz for Encore over the Internet. This quote from Oskar Garcia’s AP piece explains, I think, why Wynn gets it more than anyone except Jack Binion and a few others: Wynn expected thousands to jam the entrances to the casinos on Monday night, as some of his best customers ceremoniously pull …

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Night on Wynn Mountain

Technically, this story isn’t set ON the mountain at Wynn Las Vegas, but inside it. But it’s an allusion to a popular piece of classical music and just sounds better than “INSIDE THE ARTIFICIAL MOUNTAIN AT WYNN LAS VEGAS.” Ace KLAS-TV reporter Edward Lawrence somehow got inside the Mt. Wynn and, with the help of …

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And an opening

Closings were in the news yesterday, but there was a big opening in Macau as well. From the AP: Thousands of gamblers crowded into American billionaire Stephen Wynn’s new $1.2 billion casino resort on Wednesday in Macau — the Chinese territory that may soon unseat the Las Vegas Strip as the world’s most profitable gambling …

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VIP rooms

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.