{"id":20000,"date":"2017-07-28T06:30:56","date_gmt":"2017-07-28T14:30:56","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=20000"},"modified":"2017-07-28T06:30:56","modified_gmt":"2017-07-28T14:30:56","slug":"adelson-i-did-it-my-way","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/adelson-i-did-it-my-way\/","title":{"rendered":"Adelson: I did it my way"},"content":{"rendered":"<p>Despite <strong>Las Vegas<\/strong> numbers that were deemed disappointing by <strong>Las Vegas Sands<\/strong> execs, the company still managed to haul in $3 billion-plus in 2Q17, driven in part by the opening of <strong>Parisian<\/strong> in <strong>Macao<\/strong>.\u00a0\u201cI think <img loading=\"lazy\" class=\"alignleft size-medium wp-image-17311\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/12\/the-parisian-300x194.png\" alt=\"\" width=\"300\" height=\"194\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/12\/the-parisian-300x194.png 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/12\/the-parisian-150x97.png 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/12\/the-parisian.png 580w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>you know this quarter was disappointing in terms of the lodging component, which is more and more important in Las Vegas,\u201d COO <strong>Rob Goldstein<\/strong> allowed during the conference call, before predicting better results in the back half of the year: &#8220;business is picking up and the group business is accelerating, so we\u2019ll do well.\u201d<\/p>\n<p>Table-game revenue at <strong>Venelazzo<\/strong> <a href=\"https:\/\/www.reviewjournal.com\/business\/casinos-gaming\/las-vegas-sands-investments-in-asia-push-revenue-over-3b\/\" target=\"_blank\" rel=\"noopener noreferrer\">was one of several bright spots<\/a>, up 16%. While\u00a0Goldstein talked dollars and cents, CEO <strong>Sheldon Adelson<\/strong> couldn&#8217;t resist <!--more-->patting himself on the back.\u00a0\u201cWhen it opened in August 2007, The <strong>Venetian<\/strong> stood alone on <strong>Cotai<\/strong>,&#8221; he thundered. &#8220;Its opening marked <img loading=\"lazy\" class=\"alignright size-medium wp-image-15906\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/04\/Sheldon-Adelson-300x189.jpg\" alt=\"\" width=\"300\" height=\"189\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/04\/Sheldon-Adelson-300x189.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/04\/Sheldon-Adelson-150x94.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/04\/Sheldon-Adelson.jpg 625w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>the first effort in my vision to create the <strong>Cotai Strip<\/strong>\u2122. I was absolutely committed then and I remain as deeply committed today to continuing to support Macao\u2019s economic diversification and its transformation into <strong>Asia<\/strong>\u2019s leader in the tourism business.\u201d Bombast aside, <strong>Wall Street<\/strong> reacted perversely to Sands&#8217; success, with LVS stock falling $1.52.<\/p>\n<p>* <strong>Penn National Gaming<\/strong> has punted on the <strong>Tropicana Las Vegas<\/strong> &#8212; again. Now a decision on property improvements has been pushed as far back as June 2018. In the meantime, <strong>Robert Irvine<\/strong>&#8216;s new restaurant will have to hold the fort.<\/p>\n<p>* Readers of the <em>Chicago Tribune<\/em> got <a href=\"http:\/\/www.chicagotribune.com\/business\/ct-slot-machine-developer-everi-dw-0726-biz-20170725-story.html\" target=\"_blank\" rel=\"noopener noreferrer\">a behind-the-scenes look<\/a> at <strong>Everi<\/strong>, favorite son among slot makers. The Windy City location serves Everi just fine, according to Senior Vice President of Game Development <strong>Bradley Rose<\/strong>: &#8220;This location has 26 casinos around it within four hours. It&#8217;s very close to a lot of what we need to see.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite Las Vegas numbers that were deemed disappointing by Las Vegas Sands execs, the company still managed to haul in $3 billion-plus in 2Q17, driven in part by the opening of Parisian in Macao.\u00a0\u201cI think you know this quarter was &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/adelson-i-did-it-my-way\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":15906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,58,62,69,12,8,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20000"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=20000"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20000\/revisions"}],"predecessor-version":[{"id":20001,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20000\/revisions\/20001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/15906"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=20000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=20000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=20000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}