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Old 03-26-2008, 07:07 PM
 
Location: Paris
4 posts, read 22,918 times
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In 2007, 14 million and 20 thousand tourists from mainland China alone visited Macau. Its economy up by 29.5%. Maybe some of the Chinese will switch to Vegas if they are given tourist visa to US.
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Old 03-26-2008, 07:13 PM
 
Location: Paris
4 posts, read 22,918 times
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My real question is: is Macau becoming a serious competitor of Vegas in attracting international gamblers?


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Originally Posted by wolftown View Post
In 2007, 14 million and 20 thousand tourists from mainland China alone visited Macau. Its economy up by 29.5%. Maybe some of the Chinese will switch to Vegas if they are given tourist visa to US.
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Old 03-26-2008, 07:31 PM
 
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Originally Posted by wolftown View Post
My real question is: is Macau becoming a serious competitor of Vegas in attracting international gamblers?
A moot point: Macao's gambling revenue up 46% in 2007 | Asian Economic News | Find Articles at BNET.com
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Old 03-26-2008, 08:07 PM
 
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Macau is successful. Vegas is successful.

But the thing is: although the cities are alike, you really can't compare them.

China has a population of over a billion. North America's population is only a small fraction of that. Although people will occasionally travel far away for trips, tourists visit places closer to home far more often. Macau having greater numbers than Las Vegas is only natural - law of proportions. It doesn't mean that Vegas is any less successful.

On the note of Las Vegas losing international tourists - we might, but the dip will probably be very small. Macau may have gambling, but lets face it, that's not the reason why people come to Vegas anymore. They come for the full experience: the clubs, the sex, the weather, the "you can do whatever you want" feeling.

Macau doesn't have that. Asian cultures are very strict on rules, and while they may try to create an atmosphere similar to Vegas in the future, I don't think people would feel at ease letting lose there. I mean, come on, this is a place where they still use physical punishments for theft.
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Old 03-26-2008, 08:20 PM
 
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Of course, but the author asks; my real question is, Macau is becoming a seious competitor in attracting international GAMBLERS. Answer is: YES. Question: do US Indian casinos pose serious competition in attracting domestic GAMBLERS? Answer is: YES.
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Old 03-26-2008, 08:26 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 33,413,204 times
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Quote:
Originally Posted by sheriff View Post
Of course, but the author asks; my real question is, Macau is becoming a seious competitor in attracting international GAMBLERS. Answer is: YES. Question: do US Indian casinos pose serious competition in attracting domestic GAMBLERS? Answer is: YES.
Are either a significant threat to the existing Las Vegas enterprise or to its growth...No.

I would think Las Vegas growth much more limited by inherent structural problems than by competition from Macau or the Indian Casinos.
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Old 03-26-2008, 08:31 PM
 
1,755 posts, read 4,900,887 times
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Originally Posted by olecapt View Post
Are either a significant threat to the existing Las Vegas enterprise or to its growth...No.

I would think Las Vegas growth much more limited by inherent structural problems than by competition from Macau or the Indian Casinos.
I was answering the direct question of competition for the international GAMBLER---nothing else. The Venitian LV has @150 table games---the Macau Sands---740 table games. GAMBLING was the question, not diverse entertainment.
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Old 03-26-2008, 08:34 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 33,413,204 times
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Originally Posted by sheriff View Post
I was answering the direct question of competition for the international GAMBLER---nothing else. The Venitian LV has @150 table games---the Macau Sands---740 table games. GAMBLING was the question, not diverse entertainment.
I was not arguing with you. Just broadening the discussion to the bottom line...is Las Vegas threatened by either. Probably not.
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Old 03-26-2008, 08:39 PM
 
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Originally Posted by olecapt View Post
I was not arguing with you. Just broadening the discussion to the bottom line...is Las Vegas threatened by either. Probably not.
The bottom line will likely be a roller coaster for many reasons. Another mega-project seems to have bitten the dust: Packer dealt a dead hand in Vegas | smh.com.au
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Old 03-26-2008, 08:48 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 33,413,204 times
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Quote:
Originally Posted by sheriff View Post
The bottom line will likely be a roller coaster for many reasons. Another mega-project seems to have bitten the dust: Packer dealt a dead hand in Vegas | smh.com.au
Hell I am skeptical about Trump's Second Tower. I would not be surprised to lose a good part of the ones that have not broken ground...and maybe some more will go belly up who have.

I would think some version of the Cosmo/Focus problem could hit all but a few of the real big guys. If you have not got your package totally pinned down or have to enhance it you got trouble. However I think most all will be built in time.
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