All 3 properties were banking on Asian high rollers to be their big customers. There aren’t as many Asian high rollers as there used to be. In fact, Calvin Ayre questions if there are any Chinese high rollers around.
Regardless of the fact that gaming revenue accounts for less than half the revenue for Vegas Strip casino-resorts today concerns about high rollers are making it difficult for Resorts World and Alon. Lucky Dragon has a different set of financial concerns. Here’s more info:
This looks bad, but it doesn’t mean these properties won’t have any customers and won’t get built. Here’s a look at the non-Asian high roller customers for the 3 resorts.
Alon is being positioned similarly to Wynn. It’s an international luxury resort with a heavy focus on nightlife. Expect plenty of non-Asian high rollers (see initial plan here).
Resorts World is being positioned as a family resort. High rollers might be their biggest customer financially, but the majority of guests would be “regular people.”
Lucky Dragon is a 100% Chinese focused property. Everything evolves around Chinese culture. The scope of this project is smaller so they might not need as many VIP gamblers. Yes, that’s a reach. (See details on Lucky Dragon at Vegas.buzz)
The future of the north end of the Vegas Strip doesn’t look as bright today as it did just a few months ago. Hopefully these projects are able to move forward but it looks less likely as the Asian gaming market continues its downturn.
Golden Steer is a legit and delicious throwback steakhouse that I encourage anyone to try if they’ve experienced the best on the Vegas Strip and want a change of pace.
Golden Steer has a sweet Frank Sinatra dinner for the month of December. Check it out:
Price $100 (plus tax and tip)
Experience “Frank’s Menu” will dine in his actual booth (table 22) which seats up to four guests. His menu will include:
Clams Casino: from Narragansett Bay, this dish is prepared with clams on the half shell, baked with white wine, bacon, diced red and yellow peppers and bread crumbs.
New York Strip Steak, 16 oz.: served with sautéed diced tomatoes, garlic and white wine and medium rare, just like he ordered it.
Bananas Foster: the house specialty, The Golden Steer is one of the few restaurants in Las Vegas able to stylishly serve this dessert tableside as a flambé.
Jack Daniels: the drink will be prepared just as he drank it – with three fingers of Jack and two ice cubes.
Italian red wine.
One classic Zippo lighter, engraved with The Golden Steer logo and the date of Sinatra’s 100th birthday.
One ticket for admission to The Mob Museum, the National Museum of Organized Crime and Law Enforcement, where guests can learn more about Sinatra’s history with the mafia including FBI photos regarding the kidnapping of Sinatra’s only son, Frank, Jr. (see below for more information) and his ties to Chicago Outfit boss Sam Giancana and the Cal-Neva lodge.
You can see more details at VegasNews.com. The photo above is theirs too.