News Analysis: 2013 Data for Nevada Casinos in General and Las Vegas “Strip” Casinos in particular displayed few areas of Cheer; Profitability was wanting. It appears that the minimally Tens of Billions of Dollars Investors have poured into the major Highly-Leveraged Casinos are not their most profitable ventures (judging by Casino Revenues and Profitability). Some Casinos keep Re-Financing their existing problematic levels of Debt out-in-time so they do not have to “Pay The Piper” (it would Sink Them to do so now).
If the Las Vegas Strip “Non-Gaming Activities” Of Ferris Wheel Rides (on TWO Ferris Wheels) and/or Eating Hamburgers at a New “Strip Stand” is the Highest Level of Entertainment Creativity that can be developed by its Corporate Thinkers, Visitors will Go Elsewhere to Spend their Money.
Unfortunately, for Las Vegas, the Creative Genius of Mr. Steve Wynn, who provided Visitors with “Visual Delights” in both Architecture, Amenities, and Gaming Amusements, has channeled his Energies to Projects elsewhere. As a Leonardo Da Vinci, the ‘Steve Wynns’ of the World are “Rare Birds” indeed.
Mediocre Management Minds cannot take a “One of a Kind City” like Las Vegas and transform it to a Higher Level; they are too oriented to a “What is the Other Guy Doing?” or a “Me Too” Philosophy. What the other Casino does, this Casino will do; No Imagination! They need to utilize people who can “Think Outside The Box”. To evidence their lack of Entertainment Creativity they instead, throw Billions of Dollars into Projects like trying to make “Las Vegas Into New York City” (New York City?); How Lame!
“Las Vegas” is a World Famous, ONE OF A KIND ‘Jewel in the Desert’. People all over the World know of this City! The likes of the late Mr. Howard Robard Hughes and Mr, Steve Wynn, presently, are two Las Vegas Notables who continually used their Imaginations to give Visitors to the City, Adult Gaming Enjoyment. This, in Gorgeous Surroundings (and Amusements for Children).
If the City and Casinos hope to retain the Luster against Intense Gaming Competition Throughout The World they need to replace “Plow Horse Thinkers With Thoroughbreds”; an International Level of Thought is required. To gain additional higher spending Foreign Tourists, Thinkers who have dealt Globally must be utilized. Foreign Capital will be needed for the next Iteration of both Casinos and the City.
Ferris Wheels and Hamburger Stands do not say much for a “Jewel In The Desert”; nor does a Uncompleted Las Vegas Boulevard Sky Scraper left Abandoned to Rust.
Reality.
Reference: http://www.reviewjournal.com/business/nevada-casinos-post-fifth-straight-fiscal-year-net-loss