{"id":20731,"date":"2017-12-07T08:29:53","date_gmt":"2017-12-07T16:29:53","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=20731"},"modified":"2017-12-07T08:29:53","modified_gmt":"2017-12-07T16:29:53","slug":"alon-packer-out-wynn-in-expert-millennials-suck","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/alon-packer-out-wynn-in-expert-millennials-suck\/","title":{"rendered":"Alon: Packer out, Wynn in; Expert: Millennials suck"},"content":{"rendered":"

We guess Steve Wynn<\/strong> couldn’t stand looking at a vacant lot across from Wynncore<\/strong> any longer. The former Alon<\/strong> site will now be Wynn’s Next-But-One Great Thing. Back when it was still the Plaza<\/strong> site, Wynn publicly mulled building a convention center on the land, then owned by Elad Partners<\/strong>. However, that<\/em> idea has been dibbed by Wynn Paradise<\/strong> Park<\/strong> \"\"(future home of the giant ape), so Wynn will have to come up with something else, probably a resort — although hopefully one that breaks with his current fetish for semicircular skyscrapers, which he’s done twice in Las Vegas<\/strong>, twice in Macao<\/strong> and is doing in Massachusetts<\/strong>. Some new ideas already, DeRuyter Butler<\/strong>! Kudos to VitalVega<\/em>s for breaking this story<\/a>, in which it’s reported that James Packer<\/strong> was rather cheekily asking $400 million for the acreage (despite not having enhanced it one iota), a $120 million markup. So Wynn has bailed Packer out of Vegas. What’s next for El Steve? Some have suggested an NBA<\/strong> arena (which would team the steam of out Jackie Robinson<\/strong>‘s All-Net Arena<\/strong> project), although the thug culture that was on display during 2007’s NBA All-Star game has left lasting and bitter memories among the Vegas populace. Anyway, thanks to Wynn an eyesore on the Strip has a viable chance (finally) to become something beautiful.<\/p>\n

* Challenging conventional wisdom, Steven M. Gallaway<\/strong>\u00a0of Global Market Advisors<\/strong> writes that Millennials will be target customers … in 20 years or so (otherwise known as Sheldon Adelson<\/strong>‘s early middle age). So put those expanded table-game pits and skill-based slots on hold. (Ditto the designer-stubble razors in the bathrooms.) Gallaway argues that douchebags, er, Millennials “went to college with the promise of high-paying jobs when they graduated. Instead, they found themselves in the midst of a recession, with no job and large student loans to pay off.” Throw in an offshoring job market and lingering debt loads and the Millennial isn’t a viable customer. In Gallaway’s observation<\/a>, the core casino customers are fifty-somethings and have been for at least three generations. He might have added that Millennials are seeing job opportunities are being auctioned away to EB-5<\/strong> visa holders, who get permanent green cards for investing in shit like SLS Las Vegas<\/strong>.<\/p>\n

His prescription for improving casino revenue includes tweaking slot machines so they don’t blow through your bankroll as rapidly: “People may not be able to feel a slot machine\u2019s higher hold on a given day, but they do start noticing when their $100 is lasting two hours instead of three and a half hours.” Also, stop cutting back on customer-service personnel in favor of self-help kiosks. (You can’t reason with a machine.) And quit gouging at the buffet! Do this, Galloway argues, and the next generation of gamblers will manifest themselves.<\/p>\n

* Celine Dion<\/strong> is the latest celebrity to avail herself of the recording studio at the Palms<\/strong>. In fact, she’s no stranger to its precincts, having waxed three previous albums there. The studio’s been around for 12 years. Boy, time sure flies when you’re playing host to Maroon 5<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We guess Steve Wynn couldn’t stand looking at a vacant lot across from Wynncore any longer. The former Alon site will now be Wynn’s Next-But-One Great Thing. Back when it was still the Plaza site, Wynn publicly mulled building a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65,96,53,159,124,74,32,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20731"}],"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=20731"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20731\/revisions"}],"predecessor-version":[{"id":20732,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20731\/revisions\/20732"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=20731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=20731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=20731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}