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Posted At : March 30, 2009 04:45 PM | Posted By : D McKee
Related Categories:
Harrah's,Labor,Tropicana Entertainment,Pennsylvania,Riviera,Tribal,Steve Wynn,MGM Mirage,The Strip,Sheldon Adelson,Economy
Last winter, I got a break on my rent -- but not nearly as good as the one Steve Wynn did. That's a nice deal, if you can get it.
Las Vegas Death Watch: In the latest "Stripper Poll" posted by Steve Friess, he asks which Strip casino should close first "if economic conditions warrant it." Through some glitch, the Tropicana was listed twice, so voters may be using two of their three votes on it. Either way, it's out in front with 40 votes, with hanging-by-a-thread Hooters second (31 votes) and Circus Circus, the casino people to hate -- and patronize -- third with 29, as of this writing.
The fourth-place showing by the customarily derided Imperial Palace counts, in this context, as good news for the IP. As for the Tropicana's prospects, I'd still count them better than Riviera's ... assuming Trop management gets its act together, which it shows few signs of doing.
Good news for Adelson: An analysis of the East Coast casino market finds Sands Bethlehem relatively sheltered from strong competition and likely to swipe business from two rival Pennsylvania slot parlors.
Whatever service workers get paid, it's not enough, as this story demonstrates. The indignity alone is impossible to quantify.
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