Agree or Disagree

[soxfan]

No single entity should be able to own/operate more than four casino-resort on the Vegas strip, hey hey?

[accountinquestion]

LV strip is a peckerhole greased with shit. Agree or disagree.

[DGenBen]

Four seems kind of like an arbitrary number, ho ho?

[DGenBen]

LV strip is a peckerhole greased with shit. Agree or disagree.

I’d say it’s more of a shit hole greased up by a pecker.

[jdog]

Well MGM had to offload the Mirage to get Cosmo so the current limit would appear to be 9. Caesars has 8.

I get it, now that the Tropicana is gone and Cosmo taken by MGM, the South end of the strip is firmly in the hands of two corporate entities. But at the same time who cares?? There's not much left at the strip for a savvy gambler anyway.

[soxfan]

Well MGM had to offload the Mirage to get Cosmo so the current limit would appear to be 9. Caesars has 8.

I get it, now that the Tropicana is gone and Cosmo taken by MGM, the South end of the strip is firmly in the hands of two corporate entities. But at the same time who cares?? There's not much left at the strip for a savvy gambler anyway.

Well, that was my point. there isn't much for savvy gambler on the strip cuz it's dominated by two entity. If a single entity could only own/operate 4 or even 3 casino resort there would be more competition and that would be better for customers. MGM and Caesars feel emboldened to offer 6-5 21, triple zero roulettes, etc., cuz they dominate the market. I know some cats will squeal about capitalism and free market but I'm against monopoly and oligopoly, hey hey.

[accountinquestion]

Yea late stage capitalism. They can't find ways to meaningfully innovate or improve value so they start to concentrate on how they can take it back via some trickery.

[MisterV]

We're all just trying to make a buck.

[soxfan]

Fuck capitalism, hey hey!!!!

[MDawg]

Well MGM had to offload the Mirage to get Cosmo so the current limit would appear to be 9. Caesars has 8.

Did MGM HAVE to sell Mirage, or just did?

MGM is selling Mirage casino: ‘We have enough of Las Vegas’

Mirage sale was APPROVED by gaming, but I don't recall its being mandated.

In south Lake Tahoe, I know that Caesars Ent (which is actually Harrah's Ent after assuming the Caesars name after buying Caesars out) had to give up Caesars Tahoe once it acquired Harvey's...with only four major casinos there (Harrah's, Harvey's, Horizon/Hard Rock/now Golden Nugget, Caesars/Montbleau/now Bally's) it would appear that locking up two is the max. Two would mean 50%.

How many casinos on the Strip? 45, with around 30 of them directly on the Strip.

MGM owns around 12, including

The Cosmopolitan of Las Vegas
ARIA
Vdara at ARIA
MGM Grand
The Signature at MGM Grand
Mandalay Bay
Delano Las Vegas
Park MGM
NoMad Las Vegas
New York-New York
Luxor
Excalibur

12 is nowhere near 50% of the 45, but almost 50% of the around 30 on the Strip. I don't think owning one more, Mirage, would have made a difference.

MGM sold off Circus Circus and T.I. not because, I don't think, they had to, but just because; I would assume same with Mirage.

[MDawg]

Of those 45 or so casinos in Vegas, UNKewlJ plays any kind of serious blackjack at...zero.

UNKewlJ can't post what he doesn't have. Which includes about everything he has ever talked about other than some red or green chips.

[MisterV]

MGM sold off Circus Circus and T.I. not because, I don't think, they had to, but just because

As hard is it may seem to believe today, during its heyday Circus Circus was the most profitable casino in Las Vegas.

Those interested in learning the details of the development of the post-mafia / Howard Hughes strip should read "Super Casino" by Pete Earley.

[DGenBen]

I don’t see Vegas strip being a potential monopoly in the same way that a utility company or pharmaceutical company, etc. might be one.

Still have to compete with numerous other casinos all throughout Vegas, downtown and otherwise.

Also have to compete with other entertainment destinations altogether ho, ho.

[smurgerburger]

I don’t see Vegas strip being a potential monopoly in the same way that a utility company or pharmaceutical company, etc. might be one.

Still have to compete with numerous other casinos all throughout Vegas, downtown and otherwise.
Also have to compete with other entertainment destinations altogether ho, ho.

As Mdawg noted El Dorado was forced to sell properties in other markets where post-merger it would have been too dominant. So broadly speaking anti-trust potential in gambling markets exists.


As for the Strip in particular I would say it is a distinct market from downtown or off-Strip. Past a certain and not terribly high price point almost nobody is deciding between downtown and the Strip, despite what classy guys like redietz think about the Circa.

Where the line is drawn IDK.

[MDawg]

These days in Tahoe Harrah’s is the only casino with occasional big action, such as during the annual cebrity golf tournament. Harrah’s also draws up some of its big Caesars Vegas players. I am one of those but I don’t play to the same level in Tahoe as in Vegas while some Caesars Vegas players have their same or close credit lines established up north to play very big.

This is one way Caesars is able to spread its big play around and it used to be the same before Caesars was acquired by Harrah’s with the big action occasionally happening at Caesars Tahoe.

I’m not familiar with the way it is at MGM properties outside of Vegas or if they too have big players drawn from their premium Vegas properties.

[soxfan]

Gotta say, for me, in the perfect world, every joint in the Las Vegas would be independently owned and operated, hey hey.

[DGenBen]

I don’t see Vegas strip being a potential monopoly in the same way that a utility company or pharmaceutical company, etc. might be one.

Still have to compete with numerous other casinos all throughout Vegas, downtown and otherwise.
Also have to compete with other entertainment destinations altogether ho, ho.

As Mdawg noted El Dorado was forced to sell properties in other markets where post-merger it would have been too dominant. So broadly speaking anti-trust potential in gambling markets exists.


As for the Strip in particular I would say it is a distinct market from downtown or off-Strip. Past a certain and not terribly high price point almost nobody is deciding between downtown and the Strip, despite what classy guys like redietz think about the Circa.

Where the line is drawn IDK.

Completely agree, but if the government is going to use significant tax dollars & resources to ensure fair competition i would hope the Vegas strip is one of their lower priority items.

[AxelWolf]

Gotta say, for me, in the perfect world, every joint in the Las Vegas would be independently owned and operated, hey hey.

I have been saying this for a long time.

I don't know exactly how you beats baccarats. Therefore, I dont know why it matters if they were all independent or not.

Assuming you are getting +EV, you might want to think about playing live Baccarat online.

[jdog]

MGM owns around 12, including

You're including hotel properties. They own 9 casinos on the strip.

Yeah I could be wrong about whether they were forced to sell the Mirage or just needed to free up some resources. But I do remember reading somewhere that it was directly related to the purchase of the Cosmo.

[kewlJ]

Do all the casinos in Mdawgs list operate under separate casino licenses? I didn't think they did, but don't really concern myself with that.

Back when I started playing Atlantic City, their were 11 casinos. Borgata opened just months before I began playing for a living. They were the 11th. So there were 3 Trump properties, 5 Ballys/Ceasars (or whatever they called themselves at the time), Tropicana, Resorts, and newly opened Borgata. 2 companies operating 8 of 11 is most definitely a monopoly.

But it was even worse than that. Officially Bally's/Caesars had 5 licenses, but in addition to Caesars, Ballys, AC Hilton/Bally's Grand (southern most casino), Showboat and Harrahs, They operated 3 different casinos off the Bally's licence, Bally's Park place, Bally's wild west, and the small casino at Claridge that Bally's acquired. So they literly had 7 casinos operating under 5 licenses (I think by law only 4 was allowed).

I just assumed some of that is what is occurring with the different casinos within the same MGM property on the southern strip.