This page contains a Flash digital edition of a book.
CR87-p02-03-international:SJC-Casino Review 23/12/09 15:02 Page 1
British operator cuts back on inspectors
Gala Coral is making 53 inspectors at its London casinos
redundant whilst reviewing staffing at its 22 provincial casinos,
blaming the economic climate for the losses. The plan is to
reduce the ratio of inspectors to dealers from 1 to 1.5 to 1 to
3, put more emphasis on its centralised camera room and save
£500,000 in wages. Gala has cut its number of employees by
1,350 to 18,150 in the last two years.
Casino Canberra is
asking the ACT
Government to allow it
200 slot machines,
stressing that the table
only model isn’t
In a submission to
ACT Treasury’s 2010-
2011 budget
CityCenter glitters but
consultation process,
the casino says it
wants to become more
of a tourist attraction
and that it needs slots
is it paved with gold?
to do that.
“Casino Canberra is
prepared to pay the
ACT Government a
reasonable payment up
An extraordinary
4,004-room gaming resort. Its is undoubtedly pivotal. Interactive Player Terminals Majestic Research analyst front for the acquisition
urban resort
luxury non-gaming hotels With 145 table games and (ITP) providing Race Book Matt Jacob described CityCen- of this special block of
include Las Vegas’ first Man- 1,940 slots, the gaming floor is guests the opportunity to ter as a ‘challenge’ both for licences and expects
destination brought
darin Oriental with 392 still viewed as CityCenter’s place pari-mutuel wagers MGM and the market. “It could to contribute between
to life by eight world-
rooms, Vdara with 1,495 beating heart. It’s not the from the comfort of their seat. be quite a while before we see AU$3m to $4m to the
renowned architects,
suites and The Harmon Hotel biggest by the Strip’s stan- The surge in the number of those premium (room) rates recurrent annual
with 400 rooms. dards but it will be the first to hotel rooms in the Las Vegas that were a big driver of Las revenue income of the
CityCenter offers a
On top of this it offers 2,400 demonstrate IGT’s sbX server- valley is a major concern, Vegas growth earlier this ACT,” the submission
new era of resort
residences between Veer based system on such a grand though, with analysts calling decade,” he said. said.
experiences with an
Towers, Vdara and Mandarin, scale with 970 machines CityCenter the biggest Rival operators were no The venue is the
ambition to refine
and a 500,000-square-foot linked up. That alone will be gamble Vegas has ever seen. more unified in their opin- only casino in Australia
retail and entertainment dis- enough to keep industry eyes Visitation levels have dropped ions. Speaking on Larry King’s not allowed slots.
and redefine Las trict called Crystals. fixed on its future fortune. significantly in the past two TV show, Donald Trump General manager
Vegas. But will it
It’s not been an easy build Carta Privada, Spin and years with consumers spend- labelled the property ‘an Bernadene Morris
succeed? Phil
for MGM Mirage to complete; Salon Privé offer high-limit ing less time and money on absolute catastrophe.’ “The called for a policy
over budget and rescued in gaming, with Spin being an travel and gambling. Analysts biggest problem is it costs so change saying
Martin reviews the many eyes by project partners intimate high-limit gaming fear that if CityCenter does much,” he explained. “It cost expansion was
gaming facilities and
Dubai World, but the real lounge with slot minimums of succeed, it will only be at billions more than anticipated impossible without the
asks the US$8.5bn
gamble is just beginning. $25 to a maximum of $5,000. someone else’s expense. and it’s going to be hard to additional revenue
Bobby Baldwin, president The Poker Room is unique December saw the Sahara recover from that.” stream. She said table
question. and CEO of CityCenter, joked to the industry as the non- close two of its hotel towers Las Vegas Sands supreme games were ‘labour-
that it wouldn’t be until 2070 smoking, 24-table room wel- whilst Binion’s in downtown Sheldon Adelson com- intensive’ and that
glitterball before CityCenter could comes guests with a Las Vegas has closed all of its mented: “I wish CityCenter gaming machines
UNITED STATES break even on a cash flow distinctive look which not 365 guest rooms. big success. I personally would ‘generate
basis, adding on a more only features the four suits as Analysts are split. Brian would not have built City- additional revenue,
The superlatives have been serious note that CityCenter part of its floor design but Gordon, a principal at the con- Center because you narrow brighten up and keep it
flowing as readily as the cham- would cost about $3m a day playing cards frame the room’s sulting firm Applied Analysis, your universe of customers a up to date with the
pagne on opening night with to operate. Whilst he advised exterior as well. said CityCenter was a once-in- little too much with high-end, trends.’
CityCenter already being that it usually takes some 18 Aria’s Race and Sports Book a-lifetime project that would super-modern, contempo- The ACT currently
described as a ‘pantheon of months to two years to make is naturally state-of-the-art. A ‘drive the market forward’ and rary buildings.” limits the number of
urban icons,’ ‘the benchmark a profit on such projects, 10,000-square-foot betting ‘increase exposure’ for Las CityCenter has split machines to 5,200.
by which all new develop- much obviously hangs on the arena boasts two self-wager- Vegas as a whole. opinion like a glitter ball scat-
ments will be measured,’ and state of the economy. ing kiosks and 90 televisions. Mary Riddel, director of The ters light and whether lady
the ‘turning point in the finan- Dubai World’s recent High-tech betting monitors Center for Business and Eco- luck can shine down on the
cial future’ of Las Vegas. Sus- problems are not expected feature the odds available for nomic Research in Southern property through the dark
tainability has been a key word to harm CityCenter, despite all major domestic and inter- Nevada, believes, however, clouds of the economic
in its construction but is it sus- the investment company national athletic and racing that any success will be at the gloom won’t be known for at
tainable as an operation? from the Persian Gulf events, including the United expense of other properties. least a few years yet. But if Las
The numbers are stagger- emirate recently asking cred- States’ four major sports along She described CityCenter as Vegas is a city that continu-
ing. Located on 67 acres, City- itors for breathing space on with boxing, soccer and cham- ‘increased competition’ and ally reinvents itself MGM
Center includes the Aria $26bn of its own debt but a pionship golf. Unique to Aria’s that it would kick start a price Mirage could just have sig-
Resort and Casino a 61-storey, recovery in the economy Race and Sports Book are 20 war on room rates. nalled the start of a new era.
2 January 2010 • internationalnews
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80
Produced with Yudu -