[lvoc]

The strip walks a narrow line. It wants vice...but not too much vice and in the right places.

It needs to be straight enough that the wife of the businessman does not go ballistic if he attends a convention here. So there is a very large problem if Las Vegas gets too fqar to the vice side.

I don't think the strip bosses are at all upset that the rich and hip are doing drugs in the nightclubs. But they do not want the straight business dude to run into it in the bars in a casino...that is unless he is looking for it...then he can go talk to a cabbie.

Well constrained vice is the desired level.

[Golfinnova]

Originally Posted by FrostyToasty

"The major difference between Atlantic City and Las Vegas is that Las Vegas is a diversified tourism destination. Major events, conventions and trade shows are hosted most weeks of the year and help fill hotel rooms and convention space.

In 2012, Las Vegas hosted 53 of the top 250 trade shows, making it the number one destination for these events, an honor it has held for 19 consecutive years. Las Vegas was home to more top trade shows in 2012 than the number two and three cities combined.

Las Vegas is also the top nightclub destination in the U.S. Las Vegas is home to the top four and eight of the top nine grossing nightclubs in the country. The dayclub business is also lucrative for Las Vegas resorts.

Hotel revenue is another major source of income for Las Vegas resorts. Of the 20 largest hotels in the U.S., 17 are located in Las Vegas.

In 2012, Las Vegas posted hotel occupancy of 86.9 percent. The national hotel occupancy rate in 2012 was 60.1 percent.

According to the Myfoxny.com column, Las Vegas gaming revenue has plummeted due to a number of factors. The Las Vegas Strip has actually seen gaming revenue grow in each of the last three years. In 2012, Las Vegas Strip gaming revenue was the third highest in history, behind only 2006 and 2007, the peak of the boom.

The article describes a scenario where tourists are hesitant to travel to Las Vegas due to regional gaming options. Tribal casinos and card clubs are legal in California, yet 25 percent of Las Vegas tourism comes from the southern portion of the state.

Online gaming is also mentioned in the column as a possible doom for live casinos, but there is little chance that “the feds may soon allow online gambling across the United States”, as stated in the column. Nevada online poker is hardly a threat to the brick and mortar industry either.

Gaming is only a fraction of Las Vegas Strip resort revenue. In 2012, large Las Vegas Strip casinos derived 36.1 percent of revenue from gaming. The remainder came from hotel, food, beverage, entertainment and retail sales. Casino revenue has been less than half of total income since 1999.


Despite the doom portrayed by Myfoxny.com, Las Vegas experienced record visitation in 2012. An estimated 39.7 million tourists came to the city on vacation or business. Non-gaming revenue is going up, not down, as evidenced by the record tourism numbers.

The Las Vegas Metro population posted a gain of 41.8 percent between 2000 and 2010, according to the U.S. Census Bureau. The population grew an estimated 2.2 percent between 2010 and 2012.

These are hardly signs of a city on the verge of collapse. A case can be made that another Las Vegas boom is on the horizon."

Source: Las Vegas is Not the Next Detroit |

+1 A.C. is a totally different animal compared to Vegas. The younger crowd are coming here to see the clubs not gamble which is why places like Hakkasan are doing so well right now and the DJ's like Steve Aoki command 6-figure nights.

All we have to do is look ar the NFR thread and see why Vegas won't be a Detroit. People come here and can have a great time whether it is one of the restaurants, nightclubs, golf courses, shopping, etc. which A.C. is very limited in this category and Detroit was bound to happen. Just walk around downtown and it is exciting to see the revitalization.

[airics]

and before Vegas does collapse, there would be a whole lotta cities first.....like Cleveland!

Vegas collapse? hah! There will be a zombie knocking at my door before that happens...

[Degenerate Gambler43]

Originally Posted by lvoc

The strip walks a narrow line. It wants vice...but not too much vice and in the right places.

It needs to be straight enough that the wife of the businessman does not go ballistic if he attends a convention here. So there is a very large problem if Las Vegas gets too fqar to the vice side.

I don't think the strip bosses are at all upset that the rich and hip are doing drugs in the nightclubs. But they do not want the straight business dude to run into it in the bars in a casino...that is unless he is looking for it...then he can go talk to a cabbie.

Well constrained vice is the desired level.

---------------------------------
Respect(fully) disagree somewhat; yet, 'measured' response on your part. How long you been a resident in Vegas. Age and occupation? Btw--I LOVE VEGAS and WILL live their again...

peace

DG 43

[lvoc]

Originally Posted by Degenerate Gambler43

---------------------------------
Respect(fully) disagree somewhat; yet, 'measured' response on your part. How long you been a resident in Vegas. Age and occupation? Btw--I LOVE VEGAS and WILL live their again...

peace

DG 43

I have now lived in Las Vegas 15 years. Before that I came regularly for 30 years. I was one of the people who stayed in the fancy suites way up there. That is until my boss got his airplane and we got to fly home most nights.

I am aware of Las Vegas from both views. That of a participant spending huge sums of money on conventions and as a resident.

I expect I understand how the town works far better than you. Though I have no insight into the part of las Vegas with which you deal.