Quote of the Day

“Vegas is a different market. You can get a room in the finest hotels on the Strip for Holiday Inn Express prices. That’s why Sheldon Adelson is stomping his feet. The restaurants are not making their lease payments either. The convention traffic just isn’t supporting the number of fine dining and entertainment options in that town and neither are the players. If you can’t give it away, then what? Top brands like the Venetian are at great risk of devaluing their brands with discounted and comped rooms. Likewise, Opus One would never sell a bottle of its wine for $10.99 at Costco. However, most of us aren’t Opus One.” — Barker Enterprises President Nicole Barker on Las Vegas Sands‘ recent decimation of comps at its low-yield Venelazzo megaplex.