Archive for April, 2009

Sales by the Las Vegas Sands

Monday, April 27th, 2009

There are reports that the Las Vegas Sands are considering the sale of their Macau Casino properties. When contact, the LVS authorities would neither confirm nor deny the rumor that the entire Macau operation could be up for grabs in the near future.

There have been many stories surfacing with regards to the LVS Corporation in recent times. Since the casinos and the economy overall have not been doing well in the last year or so, many companies are having to liquidate and land based casinos are now struggling to hold onto investments that they have had for years previous.

The whole casino industry has been taken by storm due to the downturn in the economy. LVS has been hit particularly hard because the company has several operations that were under construction when all the trouble began and travel has also affected the industry.

LVS is also currently rumored to be selling off retail property in Macau. Again this is something that LVS reps are not reporting on directly but the word is that it there has not been much interest in those properties that are available for sale.

The casino industry in Las Vegas itself tends to do better in the spring and summer months than it does in the future. The hope is that this next season will bring some good news not only to this casino and retail giant but to the city as a whole.

Las Vegas Airport isn’t experiencing much Traffic

Friday, April 24th, 2009

The reports for MacCaren International airport are following a consistent downward pattern in recent times. For the last 17 months the airport is losing traffic in both directions of outbound passengers and in bound passengers as well.

Traffic for this particular month is down 11.8% versus the same exact month last year and this time last year was not the best time for Las Vegas traffic either.

No matter how the figures are read or reported it is clear that the economy in Las Vegas depends solely on the travel and tourism and due to the this the city and state are suffering much more seriously, economically than several other cities within the US.

While the gap in the decreasing numbers is actually getting smaller people are still not coming as much as they used to and financial analysts are saying that it will be months and months before Vegas and other cities of that sort will be back on their feet and in full swing such as they were in 2007.

Casino and hotel operates are saying the exactly same things as those that work with in the airport and the other travel sectors.

Casino and Hotel revenues in Las Vegas have been down for quite some time now. The resorts are happy to report when their numbers are in less than double digit declines these days. And there hasn’t been any great numbers to report.

Perhaps the spring and summer seasons will make for a happier prediction but until we see what people decide to do with the little spare cash they have we won’t really know.

Lindsay Lohan In Las Vegas

Wednesday, April 22nd, 2009

The actress and singer that has been seen all over tabloids in the last few months is making yet another appearance. Several sources have said that Lindsay Lohan approached the director of an upcoming show which will be on stage at the Planet Hollywood hotel and casino. The show will be titled the “Peepshow” and Lohan is interested in taking part front and center.

It seems as though Lindsay Lohan is determined to get some attention no matter the quality: Good or Bad. Either she is just looking to be noticed or the ones noticing her are making a complete deal out of nothing at all. Many believe that it is very likely that she is the one that is fueling the fire.

Nobody is quite sure whatever happened to the cute little girl that appeared as two separate twin characters on the parent trap over ten years ago.

Lilo joining the show would likely pick up traffic and ticket sales for the Planet Hollywood show and generate more revenue for the casino and restaurants within the hotel.

Other members of the shows cast currently include two previous members of the Dancing with the Stars cast. The show is rumored to be rather tame. However, the part that Lilo is rumored to be going for requires her to strip until she is in the bare minimum as part of the performance.

This is likely all very good news for Las Vegas. We are just not sure if it’s good news or bad news for Lindsay Lohan and her not so wholesome image these days.