{"id":25279,"date":"2019-11-05T09:46:44","date_gmt":"2019-11-05T17:46:44","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=25279"},"modified":"2020-10-19T06:56:32","modified_gmt":"2020-10-19T14:56:32","slug":"mgms-architecture-lauded-sands-number-one-in-asia","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/mgms-architecture-lauded-sands-number-one-in-asia\/","title":{"rendered":"MGM’s architecture lauded; Sands number one in Asia"},"content":{"rendered":"

Congratulations to MGM China<\/strong>, whose MGM Cotai<\/strong> has won the annual Skyscraper Award<\/strong> from Emporis<\/strong>. We quite agree. MGM Cotai \"\"is the most striking casino-hotel design since Marina Bay Sands<\/strong>, a bold statement<\/a> on behalf of modernity. (Sands, by contrast, went wholly retrograde with its Parisian<\/strong>.) Kudos also to Kohn Pedersen Fox Associates<\/strong>, who designed MGM Cotai. The concept for the resort is “nine oversized Chinese jeweler’s boxes stacked atop each other to form two interconnected towers.” MGM CEO Jim Murren<\/strong> would appreciate the design of runner-up La Marseillaise<\/strong>, which employs 30 discrete colors on its fa\u00e7ade as a statement in favor of diversity. Good choices, Emporis.<\/p>\n

* Speaking of Las Vegas Sands<\/strong>, analysts at Sanford C. Bernstein<\/strong> are anointing it #1 in Asia<\/strong>, a perch they say it will hold for some time to come. Reasons include its room inventory in Macao, as well as its sway over mass-market and premium-mass gamblers. \u201cWith Macau gaming being a \"\"supply-driven (and hotel room supply constrained) market, Sands has developed a strong foothold in the mass market segment.\u201d Also, 3Q19 cash flow out of Macao was almost $1.2 billion, dwarfing the company’s $93 million Las Vegas Strip<\/strong> EBITDA. Sands’ avoidance of VIP play was hailed, with 90% of Macanese profit being derived from mass-market play, more reliable than VIP action.<\/p>\n

Sands’ expansion of Marina Bay Sands in Singapore<\/strong> is expected to only solidify its predominance over rival Resorts World Sentosa<\/strong> (that’s what happens when build a casino resort over a POW graveyard\u2014karma). Meanwhile, Sands thinks it can derive 20% ROI from a Japan resort, even if the budget swells to $12 billion. (The Land of the Rising Sun is already home to most of the world’s gaming devices<\/a>.) However, Sands has been relatively circumspect in its Japanese overtures, while MGM and Melco Resorts & Entertainment<\/strong> have been waving fistfuls of money<\/a> at Nippon. We wonder if Sheldon Adelson<\/strong> knows something we don’t.<\/p>\n

* New York<\/strong>‘s four newest casinos are pleading for a tax cut (to rates to which they previously agreed to pay), seeking parity with the Empire State’s Native American tribes. As an Oneida Nation<\/strong> spokesman put it, ‘rate equalization’ is “just a fancy term for bailout.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Congratulations to MGM China, whose MGM Cotai has won the annual Skyscraper Award from Emporis. We quite agree. MGM Cotai is the most striking casino-hotel design since Marina Bay Sands, a bold statement on behalf of modernity. (Sands, by contrast, … 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":[65,120,241,62,245,101,108,31,9,20,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/25279"}],"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=25279"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/25279\/revisions"}],"predecessor-version":[{"id":28651,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/25279\/revisions\/28651"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=25279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=25279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=25279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}