{"id":2225,"date":"2010-02-11T12:28:51","date_gmt":"2010-02-11T20:28:51","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=2225"},"modified":"2010-02-11T13:17:14","modified_gmt":"2010-02-11T21:17:14","slug":"igt-quits-japan-vdara-goes-bargain-friendly-singapore-opens","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/igt-quits-japan-vdara-goes-bargain-friendly-singapore-opens\/","title":{"rendered":"IGT quits Japan; Vdara goes bargain-friendly; Singapore opens"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-2226\" title=\"rising-sun\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/rising-sun-150x97.gif\" alt=\"rising-sun\" width=\"150\" height=\"97\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/rising-sun-150x97.gif 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/rising-sun-300x195.gif 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/rising-sun.gif 399w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>After losing $21 million in <strong>Japan<\/strong> last year, <strong>IGT<\/strong> is <a href=\"http:\/\/www.lasvegassun.com\/news\/2010\/feb\/11\/gaming-supply-company-igt-close-operations-japan\/\" target=\"_blank\">saying a not-so-fond farewell<\/a> to the Land of the Rising Sun. Its sales of <a href=\"http:\/\/www.online-casinos.com\/news\/pachislot-japan.asp\" target=\"_blank\" class=\"broken_link\">pachislot machines<\/a> had been in decline and were nowhere near the volume needed to reach break-even. According to a <strong>J.P. Morgan<\/strong> research note, governmental tweaking of pachislot rules had ironed much of the game&#8217;s volatility away, flattening its customer appeal. If Japan ever OKs Vegas-style casinos, IGT will be back faster than you can say &#8220;<a href=\"http:\/\/www.doolittletokyoraiders.com\/doolittle_raid.htm\" target=\"_blank\" class=\"broken_link\">Jimmy Doolittle<\/a>&#8221; &#8212; but Japanese casinos have been &#8220;just around the corner&#8221; for years now, so don&#8217;t go holding your breath.<\/p>\n<p><strong>D&#8217;ya remember<\/strong> how, not so long ago, <strong>MGM Mirage<\/strong> CEO <strong>Jim Murren<\/strong> was kind of <a href=\"http:\/\/thestrippodcast.blogspot.com\/2009\/12\/murren-is-ok-with-locals-skipping-aria.html\" target=\"_blank\">pooh-poohing the importance of local customers<\/a> to <strong>CityCenter<\/strong>? It sounds as though there&#8217;s been an ever-so-slight modulation of that tune. Today, <strong>Vdara<\/strong> e-mail blasted a <a href=\"http:\/\/www2.citycenter.com\/offers\/2009\/12_vdara_health_beauty_locals\/index.html\" target=\"_blank\" class=\"broken_link\">20%-off, week-&#8217;round spa promotion<\/a>. If you&#8217;re reading this on your mobile device and want to take advantage, text &#8220;VDARALV&#8221; to 37160. Alas, there&#8217;s no additional discount if you tell them <em>S&amp;G<\/em> sent you.<\/p>\n<p><strong><img loading=\"lazy\" class=\"aligncenter size-full wp-image-2228\" title=\"Resorts World\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/Resorts-World.jpg\" alt=\"Resorts World\" width=\"460\" height=\"253\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/Resorts-World.jpg 345w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/Resorts-World-150x82.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/02\/Resorts-World-300x165.jpg 300w\" sizes=\"(max-width: 460px) 100vw, 460px\" \/>Just in the nick of time<\/strong>, the high pajandrums who rule <strong>Singapore<\/strong> have given their blessing for <strong>Resorts World Sentosa<\/strong> to <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703382904575058901493403246.html?mod=dist_smartbrief\" target=\"_blank\">open its casino for Chinese New Year<\/a>. It looked very nip and tuck for a while there but <strong>Genting Bhd<\/strong> pulled it off. Singaporeans can also start buying their $70\/day passes (or $1,000\/year all-access pass) to the casino. Make no mistake, this is a huge coup for Genting and a massive embarrassment for <strong>Las Vegas Sands<\/strong> which, even with a considerable head start, couldn&#8217;t get its act together and thus will miss out on the biggest gambling fortnight of the year. By the time <strong>Marina Bay Sands<\/strong>&#8216; executive team was sacked, it was too late, and while <strong>Sheldon Adelson<\/strong> has been putting an exceedingly good face on the whole debacle, it&#8217;s a lead-pipe cinch that he&#8217;s seething behind his placid fa\u00e7ade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After losing $21 million in Japan last year, IGT is saying a not-so-fond farewell to the Land of the Rising Sun. Its sales of pachislot machines had been in decline and were nowhere near the volume needed to reach break-even. &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/igt-quits-japan-vdara-goes-bargain-friendly-singapore-opens\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[56,120,29,22,11,25,12,108,8,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2225"}],"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=2225"}],"version-history":[{"count":9,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2225\/revisions"}],"predecessor-version":[{"id":2233,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2225\/revisions\/2233"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=2225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=2225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=2225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}