Poll

17 votes (58.62%)
10 votes (34.48%)
No votes (0%)
No votes (0%)
No votes (0%)
1 vote (3.44%)
1 vote (3.44%)
No votes (0%)
No votes (0%)

29 members have voted

Vegasrider
Vegasrider
Joined: Dec 23, 2017
  • Threads: 55
  • Posts: 556
April 14th, 2020 at 2:05:49 PM permalink
From an economic standpoint, which city has lost the most? Please provide a reason why if it hasn't been mentioned.

I vote Las Vegas. On top of losing hundreds of conventions, they also lost hosting this year's NFL Draft where they were going to close the stip down for 3 days, an unprecedented event in terms of length. Add the loss of hotel occupancies, entertainment and gambling, hands down in my opinion.
TigerWu
TigerWu
Joined: May 23, 2016
  • Threads: 21
  • Posts: 4022
April 14th, 2020 at 2:15:30 PM permalink
I said New York, since they've been hit the hardest. I could be totally wrong, but I feel like NYC generates way more revenue than Las Vegas, even with the casinos.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 173
  • Posts: 9626
April 14th, 2020 at 2:15:40 PM permalink
Why were they closing the strip for three days? The NFL draft has been held at Radio City for years without disrupting the rest of the city.
One city has thousands of dead, the other lost the NFL draft. For every Las Vegas resident who lost their job, I imagine 10 New Yorkers did. The cruise industry brings more into NY each week than the NFL draft does.
I can't imagine anything that Las Vegas has lost that NY hasn't lose multiples of.
TigerWu
TigerWu
Joined: May 23, 2016
  • Threads: 21
  • Posts: 4022
April 14th, 2020 at 2:18:04 PM permalink
Quote: billryan

Why were they closing the strip for three days? The NFL draft has been held at Radio City for years without disrupting the rest of the city.



They were just going to close down part of Las Vegas Boulevard for the crowds. Maybe they were going to do the draft outside or something? I don't know.
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 72
  • Posts: 6390
April 14th, 2020 at 3:35:59 PM permalink
Quote: TigerWu

They were just going to close down part of Las Vegas Boulevard for the crowds. Maybe they were going to do the draft outside or something? I don't know.



Yes, they were going to close about four blocks of Las Vegas Blvd during certain hours over thee days bevause of the draft activities outside..
Living longer does not always infer +EV
Vegasrider
Vegasrider
Joined: Dec 23, 2017
  • Threads: 55
  • Posts: 556
April 14th, 2020 at 3:42:25 PM permalink
Quote: billryan

Why were they closing the strip for three days? The NFL draft has been held at Radio City for years without disrupting the rest of the city.
One city has thousands of dead, the other lost the NFL draft. For every Las Vegas resident who lost their job, I imagine 10 New Yorkers did. The cruise industry brings more into NY each week than the NFL draft does.
I can't imagine anything that Las Vegas has lost that NY hasn't lose multiples of.



The NFL draft has been held in various cities for the past six years, last year was in Nashville, a 225 million economic impact it generated. Vegas would have doubled that. They have been attracting monsterous crowds. They were going to hold this years draft on the Bellagio Lake, closing the strip between Russell and Spring Mt. give or take a mile.

NYC by far has the most fataliies. I'm just trying to comprehend the economic impact. The financial district was still open, stock market was still open. Closing the market would've been severe. But it didn't. But NYC is a population of 10 million? Vegas 2? That was just a guess.
LuckyPhow
LuckyPhow
Joined: May 19, 2016
  • Threads: 51
  • Posts: 643
April 14th, 2020 at 4:26:47 PM permalink
Quote: Vegasrider

I'm just trying to comprehend the economic impact.



Open any city, state, or whatever before the virus is under control, and it will quickly follow South Dakota's lead. I expect it will suffer a bigger setback in the long run (than if it had controlled the virus before opening).

Open whatever you want, but who will come to gamble?
  • If the expected recession crashes in behind the virus, the gaming public may want to visit Las Vegas, but won't because of the more precarious situation, both in the country and with the individual gamblers' finances.
  • Most Las Vegas visitors arrive by plane, and no one is flying. Folks are unlikely to fly until they feel safe from the virus while packed tightly together on an airplane. Air travel resumes after the vaccine, not before.
  • International visitors -- almost without exception -- cannot enter America. That probably won't change until key countries demonstrate they have the virus under control (as determined by the USA). Expect no immediate changes there. Whenever America finally opens the door to foreign visitors, do we just abandon the (current most places) requirement to self-isolate for 14 days after international travel?

Get the timing wrong on this all-in bet, and the impact could be many times worse. Perhaps Las Vegas can pull the rabbit out of the hat, as if by magic. Perhaps not.
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 72
  • Posts: 6390
April 14th, 2020 at 4:32:21 PM permalink
If the question was which state, I would probably guess Nevada. As for a city I might guess Orlando.
Living longer does not always infer +EV
Vegasrider
Vegasrider
Joined: Dec 23, 2017
  • Threads: 55
  • Posts: 556
April 14th, 2020 at 4:45:37 PM permalink
Which city has had the worst financial beat up to this point? For Las Vegas, I think the most revenue generated would come from conventions, which would occupy the majority of the hotel rooms. Then maybe the domestic and international tourists? I think the casino revenue from gambling is not #1, but I could be wrong. Simply a guess. Las Vegas is such a service industry oriented city, it doesn't have the luxury of relying on many other industries.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 173
  • Posts: 9626
April 14th, 2020 at 5:44:25 PM permalink
NYC gets about twenty million more tourists than Vegas per year, and certainly attracts more foreigners. I don't know if you've ever been to Manhattan, but there are many more restaurants than Vegas, many more hotels(but not as many hotel rooms) and Broadway has more shows than the Strip. NYC, especially Brooklyn, has an amazingly vibrant live music scene. The UFC canceled a sold out show at Barclays, they lost two hockey teams, two basketball teams and two baseball teams.
I don't think it's close.

  • Jump to: