Re: Why I don\'t like Bellagio
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Re: Citycenter, I think it's a non-issue. There simply isn't enough demand for another major room and unless they close the Bellagio and force people there (or somewhere else), I fail to see any realistic scenario where the Bellagio doesn't hang on to the #1 room in the market designation.
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not sure why you see it this way, people had similar thoughts about Mirage when Bellagio opened but since management moved to the new casino it was inevitable. If this is MGM Mirage's plan then I don't foresee a scenario where Bellagio maintains it's crown - either consumers leave and go to a new room (Echelon, Encore) regardless of what MGM does or MGM maintains the business and customers move to City Center.
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It's a different situation. Bellagio will still be Bellagio. Unless they close the room or reduce the size, what are they going to do? City Center will have worse access than even the Venetian. And more than half the Bellagio customers are locals, good luck telling them they need to add another 30 minutes roundtrip to drive to City Center vs. Bellagio.
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I haven't researched it, but will there be no access of Frank Sinatra? If that's the case, yikes! The thought of trying to get into City Center off the Strip makes my head hurt.
Clark, how do you think CC is going to impact business on the Strip?
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