Saturday, May 18, 2019

E-301: Highest Functioning Autistic EVER



Random Vegas 
When bill acceptors were added to slot machines in the '90s, it generated a 30% increase in the amount of money played. (@VitalVegas via Natasha Dow Schull) 


Twitpic of the week 



The story of Rio is a tragic tale.  When it opened, it was a monster success, pioneering the move to fine dining and celebrity chefs.  3 years after opening in 1990, the property was so popular that it built and opened a 20-story expansion tower, showcased this week by @LuckysLasVegas.  In 1997, at a cost of about $200 million dollars, it unveiled the “Masquerade in the Sky” show.  When Harrah’s Entertainment decided to relocate their corporate headquarters from Memphis TN to Las Vegas in the late 90s, they didn’t feel they owned a property that was worthy to setup operations in.  So they purchased the Rio in 1999 for $888 million and established it as their corporate headquarters.  And so began its downfall.  Years later, after all the celebrity chefs left, CEO at the time Gary Loveman would admit that they made the mistake of thinking they could run Rio with the same way they run Harrah’s.  Despite making Rio the home of their prized acquisition, the World Series of Poker, the property has noticeably not received any of the renovation love that has been given out to all its sister properties.  While Rio has been at the middle of many sale rumors, the latest claiming it will be demolished so a baseball stadium can be built on the land would not only be its final indignity, it would be its most egregious.  The irony isn’t lost on me that a sport infamous for its many cheating scandals wants to move to a city that originally identified the importance of insuring that the games had to be fair to the player only to recently adopted the practice of hidden fees.   

News


Saturday, May 11, 2019

E-300: FSE Dimmer Switch



Random Vegas 
The NYNY skyline is a collage of 12 NY skyscrapers approximately one-third the size of the originals with a 150-foot-tall Statue of Liberty (super casino) 

Twitpic of the week 



It’s fascinating to me that @Cosmopolitan_LV does more with 4.4 acres of land than City Center is able to do with 19 time that real estate.  Don’t get me wrong, the City Center campus is attractive.  It’s just, who really wants to vacation in an office park on the strip.  I know that sounds like a knock but it isn’t intended to be in this case.  It’s more a testament to how special the minds who think up such concepts are.  As critical as I can be towards some of the decisions made by the people running the casinos I love, I always try to keep in mind before voicing that opinion, especially a negative opinion, is could I do any better.  And the answer is no.  Then again, that’s not my job.  I’ve never claimed to know how to build a better resort.  I make a point to stay in my lane and share insight I feel I can offer educated commentary on.  Speaking of, let me give a little insight into what’s going on today in Vegas.  Vegas has historically been recession proof, or at least virtually.  After feeling the impact of the Great Recession, everything, including long standing established protocol, is under scrutiny by industry leadership.  History shows us that Vegas may be the first company to follow the software development philosophy known as Agile.  A practice that gives businesses the ability to try out new concepts while still giving them the freedom to pivot from the original plan when market feedback does not respond favorably.  Today, we are at that juncture.  Just like the patience one needs to exhibit when telling a child not to do something for the millionth time, now is the time to stay resolute because the hardest thing for a company to explain to shareholders is eliminating a source of revenue for the betterment of the company.  Keep complaining about resort fees, paid parking and CNF charges.  Reward companies like Wynn and TI who are beginning to eliminating such fees with your patronage.  Support them for pioneering the change back to a Vegas that can be experienced by all income demographics.  

News