As you probably have already figured out, I love reading The New York Times (as well as The Wall Street Journal FYI), so I just read “Las Vegas Adapts to Reap Chinese New Year Bounty”
Zhu Yu was not the least perturbed that faux Italian frescoes â€” rather than Asian silk screens â€” decorated the ceiling of the Venetian Resort Hotel Casino hallway where he and his family watched on Saturday as a 25-foot-long red-and-yellow dragon shimmied through a traditional Chinese New Year dance. Chinese New Year is one of the most profitable times of the year for Las Vegas casinos like the Venetian, which featured a dragon dance Saturday. â€śOh, itâ€™s nothing like what we did when I was a boy in Taipei, but itâ€™s still very exciting,â€ť Mr. Zhu, 49, said over the din of drumbeats as the dragon paused to send good luck in the direction of those inside the high-limit baccarat room. His three daughters, all younger than 10, stood mesmerized in front of his wife. It was the Zhu familyâ€™s fourth straight year ushering in Chinese New Year in Las Vegas instead of in their home city, San Francisco.
This is a Las Vegas version of Chinese New Year,â€ť Mr. Zhu said. â€śItâ€™s its own thing, but we love it.” So do casino executives. Chinese New Year, a 15-day celebration that is set by a lunar calendar and that usually falls in late January or early February, has become one of the cityâ€™s most profitable events, drawing thousands of Asian and Asian-American visitors and hundreds of millions of their dollars each year.
The cityâ€™s tourism board does not keep statistics on the eventâ€™s economic impact, but executives with Las Vegas Sands Inc., which owns the Venetian, say more money is bet during the two-week period than at any other time during the year. â€śThe Chinese New Year is longer than anything,â€ť said the companyâ€™s president and chief operating officer, William P. Weidner, â€śand we see much higher per-player action.â€ť
What can I say? Asians & Asian Americans just love gambling! I personally don’t like to gamble, unless you count the stock market đź™‚
I love this quote:
“The highest quality players will get whatever they want. The Chinese are the highest and best quality players in the world, so theyâ€™ll have preference. We donâ€™t care how tall you are, how short you are, how fat you are, what color you are. Green is the most important color.â€ť
Like I said, Las Vegas – Anything for a Buck!