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

Tyler Durden's picture

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MsCreant's picture

Is April Vegas a stripper?

Mr Lennon Hendrix's picture

As is May Vegas and here twin June.

Mr. Anonymous's picture

Ha.  ZeroHedge covers it all.

Chartist's picture

Due to the increase in Asian gaming activity, I believe Vegas will never again be as profitable as years passed.

Internet Tough Guy's picture

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.

mtremus's picture

 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. 

buzzsaw99's picture

The dumb money dried up.

MarketTruth's picture

27   27  27   27   27

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

ToNYC's picture

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.

ToNYC's picture

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.


Mr Lennon Hendrix's picture

What about all the forclosure money :o

tom a taxpayer's picture

Or is the drop in Baccarat revenue due to an Ed Thorpe Farewell Tour of Las Vegas?

ToNYC's picture

Ed Thorp can visit Vegas any time, but they are not amused.

percolator's picture

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.