Archive for May, 2009

Las Vegas Sands Showing Signs of Bounce Back

Thursday, May 28th, 2009

The Owner and CEO of LVS Group – Las Vegas Sands has announced earlier this week that he has set out a very good possibility for a financing plan to recommence hotel and casino projects in both the US and Macau.

There were several projects on the go before the financial crisis began last year. There was a project in that was started in Pennsylvania, another in Las Vegas, and 2 major projects in Macau. All 4 were put on complete hold when the stock began to drop drastically and the economy overall was facing a recession.

All of the projects coming to a complete halt resulted in over 10,000 job loses throughout the US and Macau.

CEO- Sheldon Adelson says that he is confident that all the planned projects will come back to life, resume, complete and be successful ventures all in the very near future.

Adelson himself has been largely affected by the downfall of his company and his wealth. He was previously the 3rd richest man in 2007 with a net worth of 28 Billion US Dollars, he is now considered to be worth 3.4 Billion Dollars, which isn’t bad but doesn’t scale in comparison to two years prior.

It is not clear exactly what will be done to get the financial help that is needed to re-start the projects and get them moving again. But analysts are thinking that the LVS Corp will likely have to sell off some part of the project in Macau or some of the retail land there.

WSOP Returns to Las Vegas

Monday, May 25th, 2009

It’s become a highly anticipated event all around the globe. Poker amateurs and professionals from Las Vegas and the world gather together in Las Vegas to battle it out with skill, strategy and of course an element of luck to compete against each other for the coveted title and the WSOP bracelet in the one and only World Series of Poker.

The WSOP will begin May 26th, 2009 and will continue through to July 15th, with the main event final table concluding on live television November 10th of this year. Most of the events will be taking place in the RIO hotel and casino located at 3700 West Flamingo Road.

The events bring in many players and spectators. Traffic in Vegas is sure to pick up around this time and continue on through the summer months. Las Vegas restaurants and entertainment venues are gearing up to entertain and cater to those that are looking for the most elite in treatment.

Online casinos are strongly supporting those that are looking to get into an event in the WSOP and launching many various tournaments that allow players a better chance to make it to the final table.

Las Vegas officials are saying that they are very happy that this event is coming to town and are hopeful that this will completely turn around everything that has been happening in recent months. Sales are at a loss and hotels are standing in place with plenty of vacancies. Hotels and casinos are excited to see some fresh faces and are ready for change.

No Doubt Starts Off 2009 Tour in Las Vegas

Wednesday, May 20th, 2009

You may have noticed that popular pop/rock band No Doubt has taken a break and been off of the main wavelengths in the last little while. But the band has recently come back together and is set to open their tour in Las Vegas this year.

Gwen Stefani, who is the lead singer for the band has been quite busy on her little hiatus from the band. She has managed to have two children, released two very successful albums and has also launched a fashion line complete with leather goods as well as a perfume that is available for purchase all throughout high end retailers in North America.

Gwen says that she is excited to start in city like Las Vegas having all the glitz and glamour that any show would love for their opening night. She says that the number one focus of the show will be the fans and she really looks forward to everything that this new experience will bring.

Las Vegas is a popular destination for tourists and locals to seek out their concerts and other theatrical events. Concerts have a history of selling out because they are exposed to both the local population as well as the large community of tourists that frequent the city from all over the world. Also because of its close proximity to LA, Las Vegas is only a hop, skip and jump from all of what Hollywood has to offer.

Las Vegas Poker Pro Annie Duke Takes 2nd in Celebrity Apprentice

Wednesday, May 13th, 2009

The season finale of the popular reality TV show The Apprentice ended their 9th season this past weekend. World known professional poker player Annie Duke walked away with 2nd place in a gracious loss to 76 year old Joan Rivers.

Annie made all poker players across Las Vegas and throughout the world very proud as she raised the most money in Apprentice history for her charity and other charities as well. Poker players from far and wide made a great effort to donate and make sure to support Annie in her fight against Joan and sidekick Melissa Rivers to the end.

Joan made several attempts to knock Annie off of her winning streak but failed and most truly believe that the only reason that she won was because of her age and the respect that Donald Trump felt he owed to her.

Melissa Rivers was a complete embarrassment to watch as she ran around and through worthless fits throughout the entire season. Everyone else was also quite entertaining, the b-c class stars included, Dennis Rodman, Clint Black, Jesse James and Tom Green.

The next season of Apprentice will likely lack the celebrity edge but will promise to be quite entertaining as teams and individuals fight with everything they have to become Donald Trumps next apprentice.

Las Vegas Heating Up

Monday, May 11th, 2009

Perhaps Las Vegas traffic is still on the slower side but the weather in Las Vegas keeps getting better and better. For the last few weeks the sun has been showing up and making the patios and the strip quite an exciting place to be rather than the regular indoor locations.

The forecast looks good for the next ten days and is sure to only get warmer from then on. Temperatures are set to be in the mid to high 90’s for the next few days and then moving to the 100’s in the days to follow.

Hotels are offering special promotions since the pools are now open and in full swing. People are getting out and spending much more time outside.

Several hotels have even opened blackjack tables and other gambling facilities on their outdoor grounds so that those that want to enjoy the nice weather can also do a little gambling while they enjoy the outdoors.

Remember to book your trip to Las Vegas in the next little while because prices for trips are still low and rates are sure to go up as the hotels tend to be much busier when the weather is nice bright and sunny.

And even if staying outside is not your thing the tables are still waiting for you and the drinks are flowing if you plan to spend time inside and enjoy everything that the hotels and casinos have to offer.

More Hotels Could Mean Longer Recession in Las Vegas

Saturday, May 9th, 2009

Everyone loves a new hotel to check out or a new destination to visit for shopping and restaurants. But when a city such as Las Vegas is already experiencing quite the short when it comes to visitors, restaurant goers and shoppers opening some new hotels can actually be a bad thing for the ones that are trying to survive with the little action that they currently have.

There will be several new hotels, casinos, restaurants and massive shopping centers that will be opening in Las Vegas before the end of 2009. The City center is likely the biggest project that will be opening and will house one of Las Vegas’ largest hotels, casinos and of course shopping facilities.

The completion of the City center will likely bring some action to Las Vegas as a city but it will also harm the other hotels on the strip because the people visiting the new MGM development may have taken there reservations and their money to one of the other hotels that were currently in existence.

In a normal or good economy the creation of new hotels creates healthy competition and contributes to a thriving economy and hotels can bounce customers off of each other but in an economy that is bottoming out new venues leave much to be desired for the other players in town.

Brighter Future for Las Vegas Casinos?

Wednesday, May 6th, 2009

Could it be that things are actually looking up for Las Vegas as a tourist attraction and the casinos that make the city ever so inviting? Reports that came out from Las Vegas Casino giant LVS (also known as Las Vegas Sands) should that while numbers were down; they were still better than projections and indicated that projections weren’t a grim as some may have believed.

While this by no means translates to the end of this ever so chilling recession it does bring hope that we are heading for a much more profitable spring and summer with the hopes of rising stocks and movement in sum very stagnant projects along the Las Vegas strip.

The casinos and the share holders were very happy to hear of this information. Shares rose in overnight trading but fell slightly this morning because numbers were still weak versus the positives that had been seen in years past.

It is not surprising that predictors point in a positive direction for Las Vegas, the city is quite beautiful in the spring and summer months. There are plenty of promotions happening now, so it’s a good idea to book that long overdue trip just in time before the prices for the vacations head up as well.

And if you were one to hold you your stocks or buy when the casino stocks were really low in the single dollar range then you will likely have enough profit to cover the cost of your next trip, just remember to use your gains wisely and don’t leave them all at the tables.