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Thread: LV tourism is down - dealers being laid off

  1. #1

  2. #2
    Originally Posted by cyberbabble View Post

    Thanks for posting this.

  3. #3
    Originally Posted by redietz View Post
    Originally Posted by cyberbabble View Post

    Thanks for posting this.
    No fucking way you are this stupid RED.

    2 resorts that should have never built and have no clue how to attract gamblers are failing. Nothing to see here. When was the last time a successful resort was built in this area of the strip? Circus Circus is the answer. The Frontier was a fun time but was never built for the high roller like these places. There are only so many “MDawgs” to go around and the resorts that have them don’t give the suckers up easily. And the average tourist isn’t staying at these places that don’t have a national pipeline like MGM and Caesars.

    As for this link, it’s pure clickbait with this type nonsense…


    I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)
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    What to read next

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    Here are 5 ‘must have’ items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you?
    How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement.

    A link to making millions with Stu Feiners picks might have been better.

  4. #4
    Originally Posted by The Boz View Post
    Originally Posted by redietz View Post
    Originally Posted by cyberbabble View Post

    Thanks for posting this.
    No fucking way you are this stupid RED.

    2 resorts that should have never built and have no clue how to attract gamblers are failing. Nothing to see here. When was the last time a successful resort was built in this area of the strip? Circus Circus is the answer. The Frontier was a fun time but was never built for the high roller like these places. There are only so many “MDawgs” to go around and the resorts that have them don’t give the suckers up easily. And the average tourist isn’t staying at these places that don’t have a national pipeline like MGM and Caesars.

    As for this link, it’s pure clickbait with this type nonsense…


    I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)
    Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in ‘great wealth’. How to get in now
    Gain potential quarterly income through this $1B private real estate fund — even if you’re not a millionaire. Here’s how to get started with as little as $10

    What to read next

    JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it’s too late)
    This is how American car dealers use the '4-square method’ to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs
    Here are 5 ‘must have’ items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you?
    How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement.

    A link to making millions with Stu Feiners picks might have been better.


    The LVAdvisor has been keeping relatively close tabs on this for the last 24 months. There seemed to be a downturn, but then the SB boosted things. Very hard to read tea leaves between the SB and the force-fed F1 racing. Those events may have created an illusion as to how "normal" visitation was doing.

    I have nothing good to say about the mid-strip debacles. Nothing grows there, so to speak. Not surprising at all. I would have been more surprised had they done well. You can't really expand strip ambience much north of the Wynn.

    But there is something to the post-Covid-surge downturn. My personal experience, which counts for nothing statistically, is that I'm getting offers now that I wasn't getting a year ago. So I ask myself why.

    https://res.windsurfercrs.com/ibe/in...qNCnA..0.16539.

    But then, to make a case for the aberrant the other way, check out (as I did) the Aug. 5/6 rates for my usual haunt, The Tuscany above. LOL. Looks as if I might be staying at the Nugget the whole trip.

    And yeah, the last paragraph of this story undercuts its entire credibility because it's an anti-Trump rant. Basically, the author was tasked with seeking out and assembling "we're in a depression" rhetoric. That's pretty obvious. And yeah, any company that spends billions within 1000 yards of the Strat deserves to fail. But it was still an interesting potpourri of information, the core of which does suggest that LV visitation is down so maybe the price gouging horror has finally stopped.
    Last edited by redietz; 06-21-2025 at 03:35 PM.

  5. #5
    Yea there is evidence both ways.

    I will argue the predatory pricing is hurting but let’s face it, Vegas has been near the top of the pricing market since the mid 00’s, maybe earlier. The change from a gambling market to a food/drink/entertainment destination didn’t help but players were still taken care of. The multiple Caesars sales didn’t help players as the further in debt they went, the more the counters looked for ways to cut costs.

    BUT blaming it on Trump or any politician doesn’t hold water. As a large stockholder in Tapestry, the parent of Coach, Kate Spade and others, I’m seeing record sales and profits. Along with analysts upgrading the stock after years of mediocre returns before COVID. Obviously people have money to spend, or credit cards to max out, which is another discussion I have thoughts on. And one I have been wrong about since 08.

    As for Vegas personally, I stopped going as often for years now and also saw offers increasing. I went last week avoiding MGM since I have good offers and wasn’t planning on playing much on this trip. Stayed at a Caesars property where I have next to no relationship in Vegas but got comped based on history elsewhere. Only played bar VP and only earned a few hundred points a day, actually winning some based on a couple good DDB hands and drinking more than my share.

    So I was thinking about going back for the Wizard of Oz show at the Sphere (yea, I’m a big kid) and looked. Now I’m comped a suite at multiple properties during the week. Is this a sign they are hurting? Maybe.

    Who knows, I rambled but still the original post was nonsense. And mentioning the FB and Resorts World is lazy journalism, as you clearly understand. Time will tell but I’m not counting Vegas out yet. This isn’t AC in 09 when PA opened casinos everywhere and the buses stopped crossing the Delaware 100 times a day.

  6. #6
    Originally Posted by The Boz View Post
    Yea there is evidence both ways.

    I will argue the predatory pricing is hurting but let’s face it, Vegas has been near the top of the pricing market since the mid 00’s, maybe earlier. The change from a gambling market to a food/drink/entertainment destination didn’t help but players were still taken care of. The multiple Caesars sales didn’t help players as the further in debt they went, the more the counters looked for ways to cut costs.

    BUT blaming it on Trump or any politician doesn’t hold water. As a large stockholder in Tapestry, the parent of Coach, Kate Spade and others, I’m seeing record sales and profits. Along with analysts upgrading the stock after years of mediocre returns before COVID. Obviously people have money to spend, or credit cards to max out, which is another discussion I have thoughts on. And one I have been wrong about since 08.

    As for Vegas personally, I stopped going as often for years now and also saw offers increasing. I went last week avoiding MGM since I have good offers and wasn’t planning on playing much on this trip. Stayed at a Caesars property where I have next to no relationship in Vegas but got comped based on history elsewhere. Only played bar VP and only earned a few hundred points a day, actually winning some based on a couple good DDB hands and drinking more than my share.

    So I was thinking about going back for the Wizard of Oz show at the Sphere (yea, I’m a big kid) and looked. Now I’m comped a suite at multiple properties during the week. Is this a sign they are hurting? Maybe.

    Who knows, I rambled but still the original post was nonsense. And mentioning the FB and Resorts World is lazy journalism, as you clearly understand. Time will tell but I’m not counting Vegas out yet. This isn’t AC in 09 when PA opened casinos everywhere and the buses stopped crossing the Delaware 100 times a day.

    I think LV is fine. I think this was MSNBC putting a spin on the fact that the post-Covid mega-travel to LV and the allegedly healthy price-gouging of the city are now coming to an end. Probably would have been noticeable much earlier without the SB and the F1 stuff. So now LV will have to go back to catering to actual US travelers and gamblers, not the SB or F1 crowds.

    Maybe see some decent bargains here and there. The main ding compared to 20 years ago, as I see it, is the food pricing, which you likely follow more closely than I do. I have my routines that kind of circumvent that issue or ignore it (Vic and Anthony's will be a stop no matter the pricing). But I could use the occasional decent, moderately-priced buffet or cheaper coffee shop to tide me over between higher end meals. I hate getting gouged at a coffee shop when coffee shops used to be the discount HQ of the city.

    I think the room pricing downtown is returning to normal, and we'll see how the strip does.

    I will say this. With the F1 construction, I actually hate driving in the city now as contrasted to I loved driving before. Plus the parking fees turn me off. I'm not going to blow $25 four or five different places in a day to pay for parking. Thus, the main pull-back spending-wise for me is a reduced use of rental cars. Instead of having one for an entire trip, now I'm a 48-hour guy and not on weekends. And if I'm at the Nugget, that means walking to Main Street to use the Enterprise there instead of the airport.

    Anyway, that's my rant.

  7. #7
    Hotels.com has Tuscany for those dates at $1174 total per night.
    Druff, let us know when you receive redietz’ credit score.

  8. #8
    Originally Posted by mickeycrimm View Post
    Hotels.com has Tuscany for those dates at $1174 total per night.
    Those rooms should go for $120 or thereabouts on weekdays. Maybe $180 on a busy weekend.

  9. #9
    Diamond MisterV's Avatar
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    Why so expensive?

    They don't look at all opulent.
    What, Me Worry?

  10. #10
    Originally Posted by mickeycrimm View Post
    Hotels.com has Tuscany for those dates at $1174 total per night.
    $1174 per night? Good lord, that's HALF rent for many people!
    Take comfort in the fact that no one is actually backing up his wishes to have you permanently banned.


    Do NOT send Kewlj any SERIOUS PRIVATE MESSAGES. Kewlj is prone to bringing up PRIVATE MESSAGES on the PUBLIC part of Websites. Do NOT trust Kewlj with any SERIOUS PRIVATE MESSAGES.

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    I am glad to get my full posting rights back! Thank you Dan!

  11. #11
    Diamond MisterV's Avatar
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    Originally Posted by Tasha View Post
    $1174 per night? Good lord, that's HALF rent for many people!
    My, how things change.

    I remember how in the early eighties I rented a nice three bedroom, two car garage ranch home in a good neighborhood for $275 / month.

    Then again, as a kid I paid a nickel for a full sized candy bar.
    What, Me Worry?

  12. #12
    What regular visitor who travels to LV to gamble ever has to pay to stay??

  13. #13
    Originally Posted by Rob.Singer View Post
    What regular visitor who travels to LV to gamble ever has to pay to stay??

    LOL. Off the top of my head, I'd suggest those who don't lose their asses regularly.

    But then I'd have a tough time explaining three comped nights at the GN this trip.

    In any event, the answer is that roughly 15% of LV rooms are comped.

    P.S. And if you subtract MDawg's rooms, that drops to around 9% (a little MDawg humor there).

    P.S.S. I guess a theory that covers all bases is that your number of comped rooms is directly proportional to your being well hung. Yeah, that's the ticket.
    Last edited by redietz; 06-21-2025 at 07:29 PM.

  14. #14
    Originally Posted by MisterV View Post
    Originally Posted by Tasha View Post
    $1174 per night? Good lord, that's HALF rent for many people!
    My, how things change.

    I remember how in the early eighties I rented a nice three bedroom, two car garage ranch home in a good neighborhood for $275 / month.

    Then again, as a kid I paid a nickel for a full sized candy bar.
    Someone who was already an Adult in the 50's said he bought his first house for around $22,000 in 1955. In 2025, a house costs around $500,000!
    Take comfort in the fact that no one is actually backing up his wishes to have you permanently banned.


    Do NOT send Kewlj any SERIOUS PRIVATE MESSAGES. Kewlj is prone to bringing up PRIVATE MESSAGES on the PUBLIC part of Websites. Do NOT trust Kewlj with any SERIOUS PRIVATE MESSAGES.

    Smart is knowing a Tomato is a fruit.

    Wise is knowing a Tomato doesn't belong in a fruit salad.



    I am glad to get my full posting rights back! Thank you Dan!

  15. #15
    Fake news bullshit.
    Got back today from a week at The Palazzo.
    The place was busier than I've ever seen it.
    God Bless Trump......
    Laces Out!__DAN!

  16. #16
    Originally Posted by Ray Finkle View Post
    Fake news bullshit.
    Got back today from a week at The Palazzo.
    The place was busier than I've ever seen it.
    God Bless Trump......
    My experience was similar Ray, especially there.

    The sphere was also packed for a Kenny Chesney show I attended. No clue on the profitability of the shows at the venue but they announced he’s coming back for 2026 yesterday.

    And the reimagined Wizard of Oz show is opening there soon.

  17. #17
    I guess I've gotta make time to see a Sphere show. I haven't even toured the thing yet.

    Anyone recommend parking locale just to tour it? I've got an open night still, Friday. I was toying with the idea of staying at a Hilton property, maybe on/near Convention Center Drive. How close would those be to Sphere? I understand it's right behind the Venetian, but in 110 degrees, that's a bit of a hike, I guess.

    Boz, your post reminded me. Chesney is supposed to give a concert here sometime soon. Not sure it'll be in the Speedway itself or at another local venue. He's an ETSU grad and donates generously.
    Last edited by redietz; 06-22-2025 at 06:55 AM.

  18. #18
    Down below you can see what my room rates would be at Caesar's in August. For those days not showing comp I can get comped at one of their lessor properties.

    I had gotten the Caesar's Diamond Status Match using Wyndam Rewards because I've been a Diamond Member there for year. But that would expire on Feb 1, 2026. If I wanted to remain Diamond at Caesars until Feb 1, 2027 I would have to do it either thru video poker Diamond In A Day, which costs money but you get there fast

    Or I could play advantage slots and see how long that would take. Last month I spent two weeks running around CZR properties playing the slots. With the slots you have to run a $75,000 wager to obtain Diamond Status. And....playing advantage slots, I can only do what the traffic will bear. I can't just sit down and play. There has to be an advantage for me to play. It took me two weeks to get the 15,000 points. So now I'm Diamond until Feb 1, 2027.

    I had gotten the Status Match in 2023 but let it expire hardly using it. Just one stay. But that one stay was enough to see what was going on. I ran maybe 4K in action on that stay. I also downloaded the CZR app. If you have the CZR card you can download it and check hotel rates for dates all over the country. So after that first visit running hardly any action I checked hotel rates for several of their properties. Surprisingy, they were comping me the rooms on almost all their properties. That was generated on just 4K in action. CZR rooms have a big resort fee. But if you are Diamond the resort fee is waived. That's the big attraction to the diamond card. So on this trip last month all my room nights were comped and resort fee's waived.

    How much did it cost me? Didn't cost me. It cost them. The CZR properties are not exactly hotspots for advantage slots. They do have them but it's not worth that much. I averaged finding about $250 a day in expectation. There were half a dozen casinos involved. I came out of it a 6.7K winner because of a few big spins. I ran about double expectation.

    I have a similar setup with PennPLAY so am actually getting comped all over the country between these two casino chains. And I'm doing it running only about 5K a day in action.
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    Druff, let us know when you receive redietz’ credit score.

  19. #19
    Diamond MisterV's Avatar
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    Originally Posted by The Boz View Post
    The sphere was also packed for a Kenny Chesney show I attended. No clue on the profitability of the shows at the venue but they announced he’s coming back for 2026 yesterday. And the reimagined Wizard of Oz show is opening there soon.
    The owner, MSG, is still in the red due to a couple factors.

    By report the cost was to be $1.3 Billion, but then covid hit and it actually cost $2.3 Billion.

    They turn a profit only during big, well attended events, which happen on and around weekends, leaving lots of idle time without a large, paying audience.

    There aren't that many bands / attractions to draw people in, and the early ones, e.g. U-2 and Dead and Co. really reamed MSG pay-wise as they had them over a barrel.

    Still and all I understand MSG is building another one, I believe in Asia: I like the concept and wish them well.
    Last edited by MisterV; 06-22-2025 at 11:40 AM.
    What, Me Worry?

  20. #20
    Originally Posted by mickeycrimm View Post
    I averaged finding about $250 a day in expectation. There were half a dozen casinos involved. I came out of it a 6.7K winner because of a few big spins. I ran about double expectation.
    Not going to comment about tourism being down. If convention and tourism people say it is, based on numbers from same period year over year, I am sure it is. That is what they do. They have no reason to lie. My own thoughts, are it probably effects the higher end places less, like Wynn properties, Venetian properties, Cosmo. It is probably all the run down strip places that feel it first, like all the Evil Empire properties. Who wants to go and stay at those run down places now.

    As for the ridiculously high rates at Red's favorite place, Tuscany, in August, a quick look at the convention schedule shows the DefCon convention at the convention center Aug 7-10, so THAT would be the time period in question. Defcon (hackers convention) draws about 30,000, so it isn't particularly large. You wouldn't think it would affect prices like that. By comparison CES (consumer Electronics) which comes the first week in January is 4 times as big and hotel prices do jump to $400-$500 during that time. Only thing I could come up with, is maybe Tuscany is a sponsor or associated with the convention and set aside a block of rooms, and provides shuttle bus. That kind of thing. Who knows.

    -------------------------------------------------------------------------------------------------------------------------

    Now to why I really posted. This quote by mickeycrimm (above) caught my eye. See how mickey knows exactly (or pretty close) to what his EV is. I have never talked to a real AP that didn't know exactly what their expected value is for what they are doing and the amount of time or trials they are doing it.

    Not to beat a dead horse, but it is just really weird to me that a guy that claims to have been a professional sports better for 40 years, doesn't seem to understand EV and standard deviation and Kelly wagering. I don't see how someone can be a professional player, including sports bettor without a good understanding of these things. I really don't.

    Now sometimes there is an issue with terminology. Different people call different things by different names. As I add up my EV from session to session, day, to day as the year goes on, I like to call it "accumulated EV". I have never heard anyone else call it that and occasionally, someone seems confused when I say it, although not too hard to figure out. THAT is how you know how far above or below expectation you really are.

    BUT this doesn't seem to be a terminology issue with Dietz, because he has doubled and tripled and quadrupled down on it now, calling EV an opinion. Which is really weird. The guy just doesn't seem to know or understand some of the components a real player, including sports bettor would need to know and understand. That is probably why he doesn't want to do any kind of interview.
    Dan Druff: "there's no question that MDawg has been an obnoxious braggart, and has rubbed a ton of people the wrong way. There's something missing from his stories. Either they're fabricated, grossly exaggerated, or largely incomplete".

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