Pinoy...
Do you believe everything that you read?
I can see by your other post that you are not yet 21; so, being young and, perhaps, idealistic (read: mistrusting of old people), why would you read someone's opinion and assume that it is correct?
Why not come out (with someone over 21) and experience the city and its energy and then make some decisions for yourself.
skate...
There are too many variables outside the control of Nevada to really answer your question.....
...and economic recovery aside, what happens in other states...New Jersey being the #1 concern...will affect, to some extent, what happens here.
This is still the #1 vacation spot in the US for value.....The Brits, Canadians, and..especially...the Asians will never stop coming here...to gamble AND SHOP! Every top chef in the country has a restaurant here. Walk through Crystals at City Center and you see the best of Rodeo Drive, Saville Row, and 5th Avenue....and no one is losing a dime!!
I was coming here many years ago...I can honestly say that Las Vegas, today, has far more quality and class than it ever had. Yes, it is different...no more "Rat Pack", Liberace, and "the boys"...the corporations run this town, economically and politically. Not, always a bad thing.
Just as the stock market has to...every so often...make a "correction"; so is Vegas making that "correction" now. This will still be, even if sports betting comes to NJ, THE PLACE to enjoy being "someone else"....
A couple of additional thoughts....
Remember, while sports betting is unique to Nevada...using Las Vegas as the example...it is only a small fraction, less than 2% of the net profit of any casino/hotel.
This website, being dedicated to sports betting, overemphasizes the importance of sports betting and, consequently, does not look at the other 98% that Vegas looks at when balancing the books.
Over 10 years ago...mid 90's to be exact....dining, hotels, and shopping surpassed gambling (to include table games and slots) as the main sources of revenue in Las Vegas.
As casinos in this country increased...native American and otherwise...and were able to offer slots, table games, entertainment....Vegas saw decreased revenue from gambling. In its place, however, Vegas saw a huge growth in quality as a destination for those with serious money....The "glitter gulch" aspect of Vegas declined in direct opposition to the growth of the class operations.
Obviously, the economy worldwide has affected the Wynn, Adelson types of operations....as they explore Asia for other venues; but the uniqueness of Vegas will still keep them here; and, while you may never see the gambling money of the 80's-90's here again, the other money that comes to this town will still keep this city as one of the top 5 vacation cities in the country.
If other states got legalized sports gambling it would be a significant hit to Vegas. Some of its biggest weekends would become noticably quieter.
Rooms would just become cheaper though. I want to get a room in AC for the basketball tournament there because Syracuse is in it and everything decent on the boardwalk is 300+.
Most people get a good deal on there room and flight to Vegas so it will always have a crowd and tourists just I can see it becoming emptier/cheaper and places like the Wynn going down to 120-150 a night on weekends were other places to allow betting on the NFL and such.
I think the pro games are ready for nation wide betting legalization. College I dunno those kids are exploited pretty bad and basketball is very very easy to fix and football is a brutal sport where they risk life and limb there will be a lot of temptations if sports betting expands and I think if AC gets it every casino in the country will make a major push.
Also nowhere is going to out do Vegas and become the biggest in the industry. Foxwoods has come and Vegas and AC are still around. If all 3 were to offer sports betting though the other two would become destinations for major sports weekends much more than they are now and at LV's expense.
If it happens I hope its regular betting not just parlays which is stupid.
It will be great to get the general public betting more if it becomes legalized and more prominent. Most people do not gamble on sports.
Las Vegas, since the mid 90's, is about luxury hotels/spas, great dining, and high-end luxury shopping.....
Studies that were done in the mid 90's caused the Wynn/Adelson/MGM expansions/constructions.....
BUT NOT BECAUSE OF GAMBLING....
This will always be a destination city for those with a great deal of money....especially European, Asian, Latin American, and Canadian....
They enjoy high stakes gambling, their wives/ladies love exclusive shopping...and both like to eat well.....
I point this out for the hundreth time...not to be pompous...but to explain, simply, that those on this website see Vegas as one thing and those that run and invest in Vegas see it as something totally different...while gambling is important, and Nevada is the only place in this country that allows sports betting legally....Those that run and invest in this city could care less about that part of the pie.....
Look at the money that Wynn and Adelson have invested in Asia...Is that about sports betting?...Obviously not. It's about luxury....The guys on this website that complain about not getting any comps sent to them after blowing a dime on blackjack would be "ants" compared to "whales" to what is the future of gambling.
Yes, online gambling has grown because of this....and, yes, Vegas...especially Cantor Gaming...is trying to go after this market....but it's "small potatoes" to those in control of the future of this city.
While sports betting is only 2% of the "net" revenue, that number doesn't even come close to judging the impact that a legal book in AC would have on Vegas. Here is why...
If you're on the east coast, why would you ever go to Vegas again? My trips to Vegas are for one reason - to get large bets down in a place that I feel secure. I don't want to use a local when placing a large wager. High limit boxing/mma action? The only place is Vegas. Online options are limited and capped at very low limits, often no more than $500 per wager/account.
Do you have any idea how much of a pain in the ass it is to attempt to collect multiple winning wagers from a few different accounts (in more than one name obviously) at the same time? How about having to fund several accounts just to get the level of action you desire on an event?
You can't put a price on knowing that the ticket in your hand is paid out, in cash, minutes after you win. Waiting for a check from XYZ Bank from god knows who isn't a comfortable feeling.
The impact might sound subtle when you put a number on it. I'm telling you that AC would make a HUGE comeback if you allow them to open shop. Personally, I would go out of my way to get there as often as possible.
While sports betting is only 2% of the "net" revenue, that number doesn't even come close to judging the impact that a legal book in AC would have on Vegas. Here is why...
If you're on the east coast, why would you ever go to Vegas again? My trips to Vegas are for one reason - to get large bets down in a place that I feel secure. I don't want to use a local when placing a large wager. High limit boxing/mma action? The only place is Vegas. Online options are limited and capped at very low limits, often no more than $500 per wager/account.
Do you have any idea how much of a pain in the ass it is to attempt to collect multiple winning wagers from a few different accounts (in more than one name obviously) at the same time? How about having to fund several accounts just to get the level of action you desire on an event?
You can't put a price on knowing that the ticket in your hand is paid out, in cash, minutes after you win. Waiting for a check from XYZ Bank from god knows who isn't a comfortable feeling.
The impact might sound subtle when you put a number on it. I'm telling you that AC would make a HUGE comeback if you allow them to open shop. Personally, I would go out of my way to get there as often as possible.
Makes sense... especially for those on the east coast. BOL!
Yes, if the politicians in the Garden State can convince David Stern that basketball games won't be fixed, then rancid AC should get sports betting.....As will Northern Jersey...perhaps renovating The Meadowlands (which might be closed by then)....
...will that affect the numbers in Vegas?....absolutely.
Will Vegas care about the loss of sports betting money?....nope.
Most of you just don't "get it"....If every casino could close down their sportsbook areas and put slot machines in its place, they would do that in a heartbeat. If online gambling, laptops, smartphones, etc becomes more advanced and marketed properly (Cantor Gaming is coming out with their's very soon), then the future of sportsbooks is even less....Betting kiosks will be set up around the casinos and bars for those without online access. The big players and their runners will have their own access. That's the future of sports betting.
And, once again....once online gambling becomes legal in the US (a greater chance of that happening than Jersey getting sports betting in their casinos)....it really won't matter.
Vegas is still unique, AC (with the exception of The Borgata) is a dump (away from the boardwalk)....There is no way in the world that AC could compete for the convention business and the vacation traveler compared to what Vegas offers.
The "money" that comes to Vegas does NOT come here to bet on sports....they come for baccarat (which is #1), craps and blackjack...as well as private poker games with the "name" players. They eat well, drink well, shop well....and so do their ladies....
Those that bet the most on sports, are already here....having established their own betting operations with runners and line movements....They keep changing how they operate, avoiding (for the most part) the $10,000 limit, and are the competition that the books compete for...and some avoid. Vegas is really not interested, for the most part, in attracting sports bettors....Has anyone ever seen a commercial in their part of the country that pitches betting on sports as one of the advantages of a Vegas vacation?....Of course not....Yet, you see people shooting craps and playing slots on these commercials. That's where Vegas wants their visitors to be...not in the sportsbook.
Yes, if the politicians in the Garden State can convince David Stern that basketball games won't be fixed, then rancid AC should get sports betting.....As will Northern Jersey...perhaps renovating The Meadowlands (which might be closed by then)....
...will that affect the numbers in Vegas?....absolutely.
Will Vegas care about the loss of sports betting money?....nope.
Most of you just don't "get it"....If every casino could close down their sportsbook areas and put slot machines in its place, they would do that in a heartbeat. If online gambling, laptops, smartphones, etc becomes more advanced and marketed properly (Cantor Gaming is coming out with their's very soon), then the future of sportsbooks is even less....Betting kiosks will be set up around the casinos and bars for those without online access. The big players and their runners will have their own access. That's the future of sports betting.
And, once again....once online gambling becomes legal in the US (a greater chance of that happening than Jersey getting sports betting in their casinos)....it really won't matter.
Vegas is still unique, AC (with the exception of The Borgata) is a dump (away from the boardwalk)....There is no way in the world that AC could compete for the convention business and the vacation traveler compared to what Vegas offers.
The "money" that comes to Vegas does NOT come here to bet on sports....they come for baccarat (which is #1), craps and blackjack...as well as private poker games with the "name" players. They eat well, drink well, shop well....and so do their ladies....
Those that bet the most on sports, are already here....having established their own betting operations with runners and line movements....They keep changing how they operate, avoiding (for the most part) the $10,000 limit, and are the competition that the books compete for...and some avoid. Vegas is really not interested, for the most part, in attracting sports bettors....Has anyone ever seen a commercial in their part of the country that pitches betting on sports as one of the advantages of a Vegas vacation?....Of course not....Yet, you see people shooting craps and playing slots on these commercials. That's where Vegas wants their visitors to be...not in the sportsbook.
While sports betting is only 2% of the "net" revenue, that number doesn't even come close to judging the impact that a legal book in AC would have on Vegas. Here is why...
If you're on the east coast, why would you ever go to Vegas again? My trips to Vegas are for one reason - to get large bets down in a place that I feel secure. I don't want to use a local when placing a large wager. High limit boxing/mma action? The only place is Vegas. Online options are limited and capped at very low limits, often no more than $500 per wager/account.
Do you have any idea how much of a pain in the ass it is to attempt to collect multiple winning wagers from a few different accounts (in more than one name obviously) at the same time? How about having to fund several accounts just to get the level of action you desire on an event?
You can't put a price on knowing that the ticket in your hand is paid out, in cash, minutes after you win. Waiting for a check from XYZ Bank from god knows who isn't a comfortable feeling.
The impact might sound subtle when you put a number on it. I'm telling you that AC would make a HUGE comeback if you allow them to open shop. Personally, I would go out of my way to get there as often as possible.
Las Vegas, since the mid 90's, is about luxury hotels/spas, great dining, and high-end luxury shopping.....
Studies that were done in the mid 90's caused the Wynn/Adelson/MGM expansions/constructions.....
BUT NOT BECAUSE OF GAMBLING....
This will always be a destination city for those with a great deal of money....especially European, Asian, Latin American, and Canadian....
They enjoy high stakes gambling, their wives/ladies love exclusive shopping...and both like to eat well.....
I point this out for the hundreth time...not to be pompous...but to explain, simply, that those on this website see Vegas as one thing and those that run and invest in Vegas see it as something totally different...while gambling is important, and Nevada is the only place in this country that allows sports betting legally....Those that run and invest in this city could care less about that part of the pie.....
Look at the money that Wynn and Adelson have invested in Asia...Is that about sports betting?...Obviously not. It's about luxury....The guys on this website that complain about not getting any comps sent to them after blowing a dime on blackjack would be "ants" compared to "whales" to what is the future of gambling.
Yes, online gambling has grown because of this....and, yes, Vegas...especially Cantor Gaming...is trying to go after this market....but it's "small potatoes" to those in control of the future of this city.
While sports betting is only 2% of the "net" revenue, that number doesn't even come close to judging the impact that a legal book in AC would have on Vegas. Here is why...
If you're on the east coast, why would you ever go to Vegas again? My trips to Vegas are for one reason - to get large bets down in a place that I feel secure. I don't want to use a local when placing a large wager. High limit boxing/mma action? The only place is Vegas. Online options are limited and capped at very low limits, often no more than $500 per wager/account.
Do you have any idea how much of a pain in the ass it is to attempt to collect multiple winning wagers from a few different accounts (in more than one name obviously) at the same time? How about having to fund several accounts just to get the level of action you desire on an event?
You can't put a price on knowing that the ticket in your hand is paid out, in cash, minutes after you win. Waiting for a check from XYZ Bank from god knows who isn't a comfortable feeling.
The impact might sound subtle when you put a number on it. I'm telling you that AC would make a HUGE comeback if you allow them to open shop. Personally, I would go out of my way to get there as often as possible.
Established in 1995,
Hot Forum Topics
