tag:blogger.com,1999:blog-4097293516411888153.post2062943358203818627..comments2023-12-04T10:02:29.445-06:00Comments on Mark's China Blog: The Vegas of the EastMarkhttp://www.blogger.com/profile/00967364257656897151noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4097293516411888153.post-84580612710305508772009-06-21T03:22:15.061-05:002009-06-21T03:22:15.061-05:00A very good text on Macau, a wonderful place.
Held...A very good text on Macau, a wonderful place.<br />Helder FraguasHelder Fraguasnoreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-894673008089370332009-05-28T09:53:38.145-05:002009-05-28T09:53:38.145-05:00I wonder how much money is lost by Chinese gambler...I wonder how much money is lost by Chinese gamblers trying to show face and trying to impress those around them. I'm sure that's an a part of the excitement for a lot of high rollers in Vegas. But that aspect of Chinese culture would shine so brightly at a casino, I reckon.<br /><br />Good point on the US politicians. They're currently gambling US taxpayers money away on bailouts and other bailing out Wall St. Can only imagine what they do at a blackjack table.Markhttps://www.blogger.com/profile/00967364257656897151noreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-37183844159744110142009-05-28T09:02:57.463-05:002009-05-28T09:02:57.463-05:00Yeah its kinda sad really. I have access to all t...Yeah its kinda sad really. I have access to all their account information and a lot of times its someone who is president of a state owned business. I see these people throwing that kind of money around and think about all the workers who are so underpaid over there and I really feel pity. Pity for the poor in China and pity for the wealthy who would rather blow in one hand of blackjack, in literally two seconds, what could be used to provide food and wages for dozens of people. I could go on about how the chasm between the rich and poor in China illustrates the success of that form of government in meeting its stated goals, but hey, things aren't that much better here either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-39680031532573785462009-05-28T08:28:29.864-05:002009-05-28T08:28:29.864-05:00Great insight, Hopfrog.
Picturing Chinese busines...Great insight, Hopfrog.<br /><br />Picturing Chinese business tycoons throwing around millions of dollars on Vegas tables in my mind is a funny scene.Markhttps://www.blogger.com/profile/00967364257656897151noreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-28886697703466878812009-05-27T11:36:07.747-05:002009-05-27T11:36:07.747-05:00I live in Vegas and work at Caesars Palace which I...I live in Vegas and work at Caesars Palace which I believe still has the highest table limits in the world. I see people (mainly overseas Asians and mainly Chinese) betting $150,000 per hand on a daily basis. As far as gaming revenue goes, Macau already beats us. But people have been writing the epitath for Vegas for many years now, and let me give you some insight why Vegas will never die.<br /><br />First they said California will kill Vegas once it got it casinos, our revenue and California traffic jumped. Then when other states around the country like Arizona and now Florida got theirs, it was gonna hurt. Nope not even a dent. Vegas is more than gambling, its an experience. Even people that can gamble in their home states will still get the urge to come to Vegas for the real experience. Like you said, Vegas has become iconic in our culture. Even with Macau so close to home, the Chinese big whales flock to Vegas during Chinese New Years because its no substitute for playing high limit Big Bacc at Caesars.<br /><br />Yes the current economy has crushed Vegas. Numbers are way down and I see it everyday. Macau offers so many gmaing tables and with so many people that close, they will now be the revenue kings, but Vegas will never die.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-10705839338529129902009-05-27T08:37:23.826-05:002009-05-27T08:37:23.826-05:00The Chinese government severely restricted their c...The Chinese government severely restricted their citizens from entering Macau earlier this year. I don't know if those restrictions have been lifted. The government is taking a dim view of citizens squandering their money in Macau instead of spending it at home during this time of belt tightening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-2589677455008170002009-05-27T07:50:33.991-05:002009-05-27T07:50:33.991-05:00That's a interesting post you made, Thomas.
It's ...That's a interesting post you made, Thomas.<br /><br />It's crazy to think how far off Vegas' numbers are off from last year, which was also a down year. Certainly not good heady times in Vegas.Markhttps://www.blogger.com/profile/00967364257656897151noreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-8720621046189918522009-05-27T05:53:30.833-05:002009-05-27T05:53:30.833-05:00Oh Yes, Macau is perfectly placed. The Chinese lov...Oh Yes, Macau is perfectly placed. The Chinese love to gamble, but I am not sure they are allowed to go to Macau freely - number of trips is a year is limited to 2 or so I think. Still all that will change in the future. And then competition will spring up on the mainland too.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4097293516411888153.post-26320716483653175912009-05-27T01:34:24.348-05:002009-05-27T01:34:24.348-05:00Las Vegas is being hit very hard indeed...:
http:...Las Vegas is being hit very hard indeed...:<br /><br />http://miscellaneous-economic-ramblings.blogspot.com/2009/05/las-vegas.htmlThomashttps://www.blogger.com/profile/05980127611042973278noreply@blogger.com