Strip Hotels - Fontainebleau Confirms Opening Date, Nightclub, Restaurants and More

Fontainebleau Confirms Opening Date, Nightclub, Restaurants and More

David Miller

Sep 30, 2023
6:06pm

Originally posted by: Kevin Lewis

If people had some kind of price resistance, sense of value, discretion...unlike another slightly unbalanced commenter in this thread...then the gougers wouldn't be able to gouge. Their places would be deserted.

I can see going to a "resort" if my intention was to lounge around the pool, relax, sleep 12 hours a day, etc. But when I go to Vegas, my room is my crash pad--period. It seems stupid to pay for "amenities" that I'll never use when I'm out doing various Vegas things for 14-16 hours of every day. The "pay for amenities" mindset also assumes that you'll spend most of your time in that same casino where you're sleeping...which may be their fantasy, but isn't the case with most visitors.

I still find it amazing that SOMEONE hasn't decided to resurrect the value/bargain model...it seems that such a place would be mobbed, as not everybody's pockets are bulging with cash. I can't help but think that there's some serious arm-twisting going on to prevent that.

I suppose I should be grateful for the presence of the "money to burn" idiots, as for so long, they helped keep the good gambling alive...but nowadays, the gambling in Vegas pretty much sucks.

I agree 100%.

Nines

Sep 30, 2023
10:29pm

Block User

Originally posted by: Kevin Lewis

If people had some kind of price resistance, sense of value, discretion...unlike another slightly unbalanced commenter in this thread...then the gougers wouldn't be able to gouge. Their places would be deserted.

I can see going to a "resort" if my intention was to lounge around the pool, relax, sleep 12 hours a day, etc. But when I go to Vegas, my room is my crash pad--period. It seems stupid to pay for "amenities" that I'll never use when I'm out doing various Vegas things for 14-16 hours of every day. The "pay for amenities" mindset also assumes that you'll spend most of your time in that same casino where you're sleeping...which may be their fantasy, but isn't the case with most visitors.

I still find it amazing that SOMEONE hasn't decided to resurrect the value/bargain model...it seems that such a place would be mobbed, as not everybody's pockets are bulging with cash. I can't help but think that there's some serious arm-twisting going on to prevent that.

I suppose I should be grateful for the presence of the "money to burn" idiots, as for so long, they helped keep the good gambling alive...but nowadays, the gambling in Vegas pretty much sucks.

I've also often considered why some exceedingly wealthy individual or group who might have 'come-up-the-hard-way' wouldn't take the isolated and lone chance to develop and build a casino-resort that truly valued their customer base. Build a place that doesn't generally cater to an elitist-only demographic..and apply that mindset to all facets of service, gambling,security, and amenities. My wife and I spend probably 75% of our waking hours in Vegas at gambling...so your 'time spent in rooms' references apply to us as well. Every individual or group travelling to Vegas obviously don't fall into that category, though (and discretionary budgets for Vegas trips obviously vary all over the map too).

Vegas isn't Vegas without all the optional choices it offers.Unfortunately, current price points for most things progressively whittle on those available options for 'average' ( define that as you will) visitors. Some bargains / value can still be had, but they have to be mined out with ever-increasing scrutiny. The MBA's in the resort upper echelon management are driven by revenues and margins above EBITDA. I don't blame them for that necessarily until their intent / actions morph into unbridled greed overkill and over-focus on their expected annual bonus payouts for upper-tier reps. Vegas resort revenues have set records for more than a year now ..but they just seem to want exceedingly more as they continue to squeeze the clientelle. I don't know, but I hope there's an end to it based on economic axioms of old; like..customers saying no, etc.

O2bnVegas

Oct 1, 2023
5:09am

Block User

Many of those described as 'elitist' visit Las Vegas once or twice a year, or maybe only once or twice in life. They want, for a few hours apart from their daily hum drum lives, to feel like a Rockefeller, enjoy an upscale environment, being catered to, and fanticise about winning a few dollars. Vegas has it all, from low rent to high scale.

Look at weddings, though I harbor no ill feelings about those who can spend six figures on the big day, which likely includes a nice honeymoon on the French Riviera, another five figures. A cake costs $1500? $50,000 for the gown? Flowers, musicians, dresses and gifts for eight attendants, photographers? Who remembers it by the next day? And, like blowing money in Vegas, a high toned wedding doesn't guarantee wedded bliss. I vividly recall the arguements and tears surrounding the planning of my sister's wedding. It wasn't an expensive affair, comparatively, but hard-earned money was spent. Nobody remembers much, they divorced after 2 kids. But...it was going to be "her big day." Should we harbor ill thoughts about wedding caterers? And at least one big bridal shower where everyone tries to outdo the next on gifts.

How about funerals? That the general public is willing to pay six figures to put somebody (or their ashes) in the ground fuels the funeral business and ridiculously high prices for everything. Every little thing has a cost. And they have it down pat, how to discuss the particulars in sensitive, caring manner to insure at least some upcharging out of guilt or embarrassment. After all, friends and family will be passing judgment on the casket lining.

These businesses do they same...price the common man out of the "High Noon" type wedding where the town folk gather, bride wears a dress she or her mom made, the men go out after for cigars and a little hooch.

Funerals, same thing.

College tuitions, even getting the kid into the best-reputationed day care is critical! Whatever the market will bear, on all things.

Personal choice, people pay what makes them 'happy' at the time, so let it be.

Candy

Kevin Lewis

Oct 1, 2023
12:50pm

Block User

Originally posted by: O2bnVegas

Many of those described as 'elitist' visit Las Vegas once or twice a year, or maybe only once or twice in life. They want, for a few hours apart from their daily hum drum lives, to feel like a Rockefeller, enjoy an upscale environment, being catered to, and fanticise about winning a few dollars. Vegas has it all, from low rent to high scale.

Look at weddings, though I harbor no ill feelings about those who can spend six figures on the big day, which likely includes a nice honeymoon on the French Riviera, another five figures. A cake costs $1500? $50,000 for the gown? Flowers, musicians, dresses and gifts for eight attendants, photographers? Who remembers it by the next day? And, like blowing money in Vegas, a high toned wedding doesn't guarantee wedded bliss. I vividly recall the arguements and tears surrounding the planning of my sister's wedding. It wasn't an expensive affair, comparatively, but hard-earned money was spent. Nobody remembers much, they divorced after 2 kids. But...it was going to be "her big day." Should we harbor ill thoughts about wedding caterers? And at least one big bridal shower where everyone tries to outdo the next on gifts.

How about funerals? That the general public is willing to pay six figures to put somebody (or their ashes) in the ground fuels the funeral business and ridiculously high prices for everything. Every little thing has a cost. And they have it down pat, how to discuss the particulars in sensitive, caring manner to insure at least some upcharging out of guilt or embarrassment. After all, friends and family will be passing judgment on the casket lining.

These businesses do they same...price the common man out of the "High Noon" type wedding where the town folk gather, bride wears a dress she or her mom made, the men go out after for cigars and a little hooch.

Funerals, same thing.

College tuitions, even getting the kid into the best-reputationed day care is critical! Whatever the market will bear, on all things.

Personal choice, people pay what makes them 'happy' at the time, so let it be.

Candy

The trouble with the "free market" approach is that markets fail. The classic definition of market failure is that potential buyers and sellers are not connected, and transactions that should take place...don't. Unregulated medical care is an example--as is medical insurance. Lacking regulation, costs would spiral upwards so that the average person could never pay them. Insurers would only insure the extremely hale, hearty, and young--at least at non-prohibitive rates.

The Vegas "free market" will almost certainly result in market failure, as people who want to come to Vegas are priced out of it. There are so few bargain options now. It used to be that you could certainly have a whiz-bang fancy-ass be-treated-like-a-queen Vegas vacay if you wanted one (and it would have been much cheaper than an equivalent experience anywhere else). But you could have a fun vacay on the cheap as well. Now...not really. Not any more. That's kind of sad, actually.

And yeah, none of these experiences you list are necessities. We can have weddings at the courthouse and go out for pizza afterward rather than a fancy-ass wedding. We can take Grandpa out to the wrecking yard and have him crushed inside a car (an older one, ideally) rather than an elaborate funeral. And we can Taser Junior every morning rather than take him to the daycare center. But a lot of people consider these things to be necessities--a "nice" wedding, a "proper" funeral, a "good reputation" daycare center.

I'm reminded of the original "Total Recall" movie (starring Ahnold), where the corporation that owns the Mars colony keeps increasing the cost of air. Well, you don't have to buy it if you don't want to, right?

David Miller

Oct 1, 2023
1:37pm

Block User

Originally posted by: O2bnVegas

Many of those described as 'elitist' visit Las Vegas once or twice a year, or maybe only once or twice in life. They want, for a few hours apart from their daily hum drum lives, to feel like a Rockefeller, enjoy an upscale environment, being catered to, and fanticise about winning a few dollars. Vegas has it all, from low rent to high scale.

Look at weddings, though I harbor no ill feelings about those who can spend six figures on the big day, which likely includes a nice honeymoon on the French Riviera, another five figures. A cake costs $1500? $50,000 for the gown? Flowers, musicians, dresses and gifts for eight attendants, photographers? Who remembers it by the next day? And, like blowing money in Vegas, a high toned wedding doesn't guarantee wedded bliss. I vividly recall the arguements and tears surrounding the planning of my sister's wedding. It wasn't an expensive affair, comparatively, but hard-earned money was spent. Nobody remembers much, they divorced after 2 kids. But...it was going to be "her big day." Should we harbor ill thoughts about wedding caterers? And at least one big bridal shower where everyone tries to outdo the next on gifts.

How about funerals? That the general public is willing to pay six figures to put somebody (or their ashes) in the ground fuels the funeral business and ridiculously high prices for everything. Every little thing has a cost. And they have it down pat, how to discuss the particulars in sensitive, caring manner to insure at least some upcharging out of guilt or embarrassment. After all, friends and family will be passing judgment on the casket lining.

These businesses do they same...price the common man out of the "High Noon" type wedding where the town folk gather, bride wears a dress she or her mom made, the men go out after for cigars and a little hooch.

Funerals, same thing.

College tuitions, even getting the kid into the best-reputationed day care is critical! Whatever the market will bear, on all things.

Personal choice, people pay what makes them 'happy' at the time, so let it be.

Candy

Nice, truthful post Candy. The truest part, IMHO, is the part where you say- "whatever the market will bear". If people will continue to pay the ever esculating prices, for whatever reason, business will also continue to raise prices til the public refuses to pay.

tom

Oct 2, 2023
7:57am

Block User

Vegas is still a lot cheaper than other travel destinations. I went to DW in January & the so called DW budget hotels were almost $400 all in. The high end hotels were $800+. We stayed at a Hilton in Disney Springs where the going rate was $300. Thank God for my Hilton points. Park tickets were $130 per day. Food was high.

We were in Honolulu a few months ago & Waikiki beach hotels were $400+. The other islands prices were even higher. The Hilton Village I stayed in was tired looking. A burger/fries was $27.

In Vegas some hotels are very expensive; others are a lot cheaper. Food & show bargains are still available. There are options for all; it is called capitalism.

Jack Gruber

Oct 6, 2023
7:41am

Block User

A good recession could change things rapidly. Casino destinations are littered with multibillion dollar resorts resold for multimillions. The era of easy money is over and things have to tighten up. It will never go back to how it used to be, but I don't believe it is long term sustainable as an all luxury-priced(compared to before) city.

David Miller

Oct 6, 2023
10:46am

Block User

Originally posted by: Jack Gruber

A good recession could change things rapidly. Casino destinations are littered with multibillion dollar resorts resold for multimillions. The era of easy money is over and things have to tighten up. It will never go back to how it used to be, but I don't believe it is long term sustainable as an all luxury-priced(compared to before) city.

I agree - time will tell.

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