Re: NY Times on Las Vegas Casino Development
 

So can I book rooms at sahara or circus at current rates for 2009? will stratosphere become the new imperial palace?

Another positive effect for the casinos from all the new construction is the influx of skilled/manual labor. A good portion of this new workforce is acquiring habits associated with being a vegas local. City Center has like a 25% overlay.

Re: NY Times on Las Vegas Casino Development
 

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No gambling or drinking in Vegas? You sir, disappoint me.

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I'm bringing $100 for me. Mom gets to play the slots. Besides, I'm a thousand years older than you. I need my rest. Although, I MIGHT have mom order Grand Marniers for me while I'm sweating her at the Wheel of Fortune. [img]/images/graemlins/grin.gif[/img]

Re: NY Times on Las Vegas Casino Development
 

Vegas has NO LIMIT man!

Re: NY Times on Las Vegas Casino Development
 

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Great news, Goldman Sachs getting into gambling. Another smart deep pockets firm that can lobby for Legalizing Online Gaming in the US.

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It already is legal except for a few select states. It's the transfers from domestic financial institutions that were blocked, not the gambling. Sports betting goes against the wire act though.

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correction, gambling is illegal across state lines - and current precedent shows that across state lines both state to state and state to foreign country. Unless there is a poker carve out the repeal that Barney Frank is attempting will only legalize the financing of legal gambling in-state with credit cards. Its the first step, but far from the promised land.

Re: NY Times on Las Vegas Casino Development
 

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Vegas has NO LIMIT man!

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Meh. NL is NO FUN! I'm going to lay out at the pool and have the hot, young honeys that I've seen as attendants at The Palms' pool bring me a constant supply of those fruity drinks with the umbrellas in them. Then Delmonico's and the Phantom, the comedy show at the Trop, lunch at Canalleto's (Venetian again) and sleep. Sleep. Peace and quiet. Ahhhhh.

Re: NY Times on Las Vegas Casino Development
 

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"Last year, even the weekday rate fell just shy of 90 percent..."

I always hear this statistic, but how come Vegas clearly has boom and bust weeks and days? Some days there isn't much traffic, the casinos are mostly empty, and poker tables are desolate. Other days it takes 45 minutes to travel a couple miles on the roads, the parking garages are full, and the poker rooms are all busy. If Vegas is always 90% full, where does this obvious variation in tourist population come from?

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I suspect lots of reasons. 10% of 150,000 rooms is a helluva lot of rooms empty. Plus, there are a huge number of conventions most weeks of a few thousand people, with a lot of turnover. When you add in the enormous number of people driving over from Cali, well, that's where the movement/lack of movement come from.

You are right. There are days when it's a quick trip to and from the airport to the Strip, and days when you need to pack a lunch.

It's an amazing place.

CJ

ps--The Strat is already down there with IP as a cheap destination. Half of the people who go there don't tip, which is lower than those going to IP.

Re: NY Times on Las Vegas Casino Development
 

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correction, gambling is illegal across state lines - and current precedent shows that across state lines both state to state and state to foreign country.

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What precedent makes Internet gambling illegal? All I've ever seen is the Justice Dept sputtering that it IS illegal, and everybody else saying "then file charges" and they never do. And we have the WTO treaty the US signed that says anything you allow within your country you must allow between treaty countries which the US is thumbing it's nose at; they've lost a couple international court cases on this so far.

I know of no legal precedent that makes playing poker at UltimateBet or equivalent illegal.

But this is venturing entirely away from B&M and completely into politics.