HFT Takes Over Vegas? April Vegas Performance Disappoints As Luck Runs Out

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Wed, 06/09/2010 - 20:24 | 404858 MsCreant
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Is April Vegas a stripper?

Wed, 06/09/2010 - 21:51 | 404997 Mr Lennon Hendrix
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As is May Vegas and here twin June.

Wed, 06/09/2010 - 20:25 | 404861 Mr. Anonymous
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Ha.  ZeroHedge covers it all.

Wed, 06/09/2010 - 20:47 | 404893 Chartist
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Due to the increase in Asian gaming activity, I believe Vegas will never again be as profitable as years passed.

Wed, 06/09/2010 - 21:08 | 404924 Internet Tough Guy
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Vegas is overbuilt and overpriced. $25 minimum tables on the strip on the weekends kills the weekend warrior from california. Major pain for years ahead.

Wed, 06/09/2010 - 21:25 | 404948 mtremus
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 What most are failing to realize is that nothng will be as profitable is it once was.  In the last 20 yeaars we have witnessed the biggest boom ever. Now it is over. 

Wed, 06/09/2010 - 21:23 | 404945 buzzsaw99
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The dumb money dried up.

Thu, 06/10/2010 - 05:09 | 405445 MarketTruth
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27   27  27   27   27

Perhaps i did not explain to you the sanctity of the 'nest egg'?

Thu, 06/10/2010 - 07:34 | 405532 ToNYC
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Twenty-two was Julie Hagerty's number that never came up, nor her reverence of the nest egg. She popped their seed corn, and Gary Marshall is no Santy Claus.

Thu, 06/10/2010 - 07:35 | 405514 ToNYC
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To paraphrase Gertrude Stein, the dumb money never goes away, just the venues change.
Honore de Balzac noted that the secret of great fortunes are forgotten crimes, expertly executed; but GS is so full of intellectual hubris to recollect that one hallmark of an honest casino is that it will have losing days and execute the necessary misdirection. No magic here.

 

Thu, 06/10/2010 - 07:10 | 405515 ToNYC
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!

Wed, 06/09/2010 - 21:57 | 405009 Mr Lennon Hendrix
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What about all the forclosure money :o

Wed, 06/09/2010 - 23:04 | 405150 tom a taxpayer
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Or is the drop in Baccarat revenue due to an Ed Thorpe Farewell Tour of Las Vegas?

Thu, 06/10/2010 - 07:38 | 405535 ToNYC
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Ed Thorp can visit Vegas any time, but they are not amused.

Wed, 06/09/2010 - 23:55 | 405226 percolator
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I'm a long time Vegas resident.  I can tell you from my observations on the strip which I frequent at least a couple times a week is that there were fewer people here in May than April and the first weekend in June it was practically a ghost town on the strip very similar to early 2009.  I'd chalk this up to the first weekend after Memorial Day, but that was a bust relatively speaking.  Don't know about Vegas's take or "drop" if they were lucky or not, but fewer people obviously doesn't help.

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