At the Las Vegas Venetian, earnings dropped 19 percent to $58.3 million. The casino’s winning percentage in baccarat, blackjack and other games was 14.7 percent, below its forecast range of 20 to 22 percent and last year’s winning percentage of 23.4 percent. Gamblers also won more than forecast at the Sands Macao.
The foreclosure numbers for the first half of 2007 are in and Stockton, California leads the pack with 1 out of every 27 homes foreclosed on in 2007. Second is Detroit, with 1 in 29 and coming in third, Las Vegas with 1 in 31.
I know a lot of your readers believe that local, mom and pop operations are the way to go — that big corporate companies are universally evil and local is almost always filled with nice, smiling workers who are far superior to their sell-out counter-parts. I’m here today to show you that, at least in banking, size doesn’t matter.
Blackjack used to be one of the best bets in Vegas. Easy to understand, with decent odds. The house advantage on a single-deck game of blackjack, under standard rules, was a measly .18%.
Two years ago, the AG sued franchiser Francare Inc. As a result of a settlement, the company agreed to stop deceptive trade practices. Apparently, the suit didn’t make enough of an impression. Perhaps this next one will.
The halcyon days of jumping into your rusty Impala with your teenage bride and driving off to Vegas to get married by Black Elvis at dawn in Vegas are soon to be forever gone.