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Vegas revenue down…Macau ain’t gonna save ya!

May 22, 2008
Filed under: casinos — bcd @ 4:40 pm

there has been some recent press about the problems Las Vegas is feeling due to (a) housing bubble, (b) credit crunch, (c) oil prices i.e. airline ticket prices, etc.

up until a few months ago, all the big wigs at the major casinos were poo pooing the demise of Vegas, mostly on their hedge with the new casinos in Macau. well, today’s WSJ had an article about the revenue crunch they are feeling in Macau and the hows/whys. here is a very similar story to the WSJ’s that is not paid-content.

somewhat interesting that all these multi-billion dollar hotel/casino/resorts have no real clue on how the Macau scene works. ok, actually after reading Winner Takes All by Christina Binkley it doesn’t surprise me much that many of these megalomaniacs missed this. i am nodding at you, Mr. Wynn.

sounds like overall those vacationers who have a little coin and have been waiting to travel to Vegas, you days are coming. i would posit that post-WSOP there are going to be some deals for people who want to spend some summer days in the 120+ Vegas heat.

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