The long-lost sister of the famed Atlantic City’s famed Casino, once expansive and imposing casino jewel of New Jersey’s East Coast metropolis, is now empty and seemingly looking as though it has not been inhabited in years. That is because the long-standing»casino lagoon» was developed to allow the quick influx of casino personnel into the city to support the rapidly growing population. In this day and age with all the hustle and bustle of the actual world, more people tend to stay home instead of traveling to Las Vegas for a quickie gamble. The Atlantic City Convention and Entertainment Corporation now have the job of taking care of their old casino property. They’re also in charge of protecting the beautiful skyline and property which are left behind.
Hence the question remains, why has the casino gone? Is it that there is nothing for them to sell or do? The truth is, any casino, regardless of how profitable it may not be will constantly need an infusion of fresh blood or gambling money so as to stay in business and prosper. Gambling is a universal component found in all sorts of companies big and small.
Even though Las Vegas still attracts some of the largest crowds and most profitable gaming occasions, other cities like Chicago, Cleveland, Kansas City and St. Louis have their share of top quantity gamblers. And why don’t you? In these other cities, especially in the bigger towns, people are thinking about being entertained and having a fantastic time if they’re playing a game of poker, blackjack, poker or roulette. It is about having a good time and a casino which realize this is exactly what keeps them alive.
So why do Las Vegas Sands and other Las Vegas gambling resorts close? For starters, rivalry among existing casinos is ferocious. It’s not uncommon for casinos to try to outdo one another in offering amenities and quality of play. And this has been happening for decades. Today, however, more competition has been felt concerning quality of play and basic entertainment. And the result is clear.
A recent Las Vegas Sands press release highlights the need for Las Vegas Sands and its associates to keep innovating and improving upon themselves. In the primary article, however, it appears that Las Vegas Sands prefer to protect its turf — the vegas strip — than try to appeal to a different type of crowd. This could be seen as short-sighted in today’s financial climate. But is it? In reality, I feel that by diversifying into other areas such as Macau, that is almost surely a step in the ideal direction, Las Vegas Sands is setting the stage for future success in gaming.
Macau, which is a Portuguese territory, has long been recognized as a gambling mecca. And because of this, you might find there are numerous hotels offering complete casino gaming bundles. Most, if not all, of the casino floor space at these hotels is devoted to gaming, with countless slot machines and poker tables found throughout the property.
The strategy which enables gamblers to win more in Macau, or for that matter any tourist destination, without having to leave Las Vegas is exactly the same as it is anywhere else in the world. The casino-specific logistics make it possible for gamblers to move in the property, participate in gaming and then walk out the door without leaving any trace of money on the table. Some may decry this as a waste of taxpayer money, but as any casino operator will inform you, if you build it, they will come. As Las Vegas Sands today proposes to expand its presence in Macau, so also will Macau itself. And the Portuguese land?
Well, it seems the Portuguese, as well as being exceptionally rich, also had an excellent deal of debt. Now, this caused a collection of financial booms from Europe as new cities sprung up and money was created by building new cities and infrastructure. For anyone concerned about the environment, the two online gaming and local gambling has to be considered in exactly the same light. Both are types of economic destruction, but also the former utilizes tourism, travel, and new territory to generate money while the latter uses a vast quantity of the natural resources that exist to make wealth and then takes that wealth and distributes it amongst its owners and fellow investors, while leaving the ground far worse off than before.
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