Bottle service at clubs is huge as reported in the LV Sun. The economy must be better than I thought!
"Consider that more than 2,000 people walked through the door at Mirage's Jet nightclub during a recent weekend - and that more than half sat at reserved tables where bottle service starts at $400 for a bottle shared by three people.
An average table check can reach about $800, said Kelley Jones, president of nightclub operator Light Group's restaurant division."
Revenue From Alcohol Growing Faster Than Slot Revenue
Comments
It would be interesting to know the demographics of the club spenders versus gamblers. What I wonder is if the resorts have tapped into another whole segment of Vegas visitors. They're very good at ensuring maximum extraction of funds from gamblers so maybe they've discovered a way to extract funds from non-gamblers in the form of the club scene. Of course, gamblers and clubgoers are not mutually exclusive groups but some may prefer to leave $1k on the tables and call it a good time while others leave $1k in the club and call it a good time.
Unless rooms are selling out like hot cakes (which I doubt), anyone noticed that Palazzo pushed back their soft opening to December 28th? It won't let you make a reservation any sooner.
Well, Palazzo may have so few rooms for the soft open that they are indeed at their (reduced) capacity for the first week. Interesting though.
On the club demographics, Steve Wynn made an interesting set of comments in one of the recent Steve Friess interviews where he talks about the sense of frantic spending in younger people - like there will be no tomorrow so spend it today kind of vibe.
I'm 23, and clubs just seem like an unecessary pain in the ass to me. I was just back in Vegas last month, and if I'd had $400 to pay for a $50 bottle of bourbon, I can think of at least 10 things I would have spent it on instead — namely blackjack.
It was less noticeable this trip, but still stood out to me, how few simple bars there are. There are casino bars and clubs, but not a whole lot of places to sit for a while and have a few drinks and not be bombarded with horrible music or people who are very impressed with themselves. We spent some serious cash at Centrifuge and the Bellagio casino bar.
I don't know how recent this is, but it looks like City Center's website got an update since there's finally a page for the Harmon Hotel with some nice pictures and floorplans, plus an updated construction page with more pics of all the varrious aspects. Anywho, it's worth a look if you're interested in this project...
MGK, thanks. I hadn't checked the site for a while. The construction photos are great, and the Harmon looks better than I thought it would. In fact, I can picture myself in one of the curved Penthouses. Oh well, I may win MegaMillions some day.
on November 29, 2007 9:10 AMLVS announced new, high speed ferry service between Hong Kong and Macau. How many passengers will be non-Las Vegas Sands customers?
http://biz.yahoo.com/prnews/071130/laf038.html?.v=101
on November 30, 2007 5:09 AMMGM is buying back stock:
http://money.cnn.com/news/newsfeeds/articles/prnewswire/LAW04505122007-1.htm
on December 5, 2007 5:10 PMPost a Comment
By submitting a comment you agree to our terms of service. To view those terms of service, click here. Note that these were last updated 3/4/2007 with new posting guidelines.
