Originally Posted by kewlJ View Post
Las Vegas made 2 mistakes in the last 20-25 years, IMO. The first wasn't specific to Las Vegas, but occurred throughout the gambling industry. And that was to put people in charge with generic business degrees, instead of the people that KNEW the gambling business. These pencil pusher types don't understand gambling business. They cut corners and make cuts, including reduces odds, paytables, ect that may show an increase short-term, but longer-term turn off and drive away the actual gambling clientel. They are then left trying to squeeze more money out of a smaller customer base.

The second mistake is specific to Las Vegas. Someone, probably these same business school geniuses decided that Las Vegas shouldn't be what it has always been about.....GAMBLING. Instead the bulk of revenue should come from shopping and restaurants, and night clubs. These things should only exist to supplement the main industry, which was always gambling.

If people want to go shopping they can do that anywhere. If people want to go clubbing, they can do that in any major city. What made Las VegasMBA special, was GAMBLING!
What you’re describing is the same thing that happened to Boeing.

They were always run by engineers until they merged with McDonald Douglas, & as soon as the MBAs started running things, they killed the company by letting safety & quality slip.