Baccarat Hall of Fame Member kachatz1 Posted May 12, 2014 Baccarat Hall of Fame Member Report Share Posted May 12, 2014 Ellis has regularly tried to drive home the message that Baccarat "profits" are skyrocketing for the casinos. And even James Bond might be surprised by these numbers recently released by the LAS VEGAS CONVENTION AND VISITORS ASSOCIATION.(1) Las Vegas "Gaming Win" , in $$ billions, from all gambling devices ( Year, Total $$ profit "all gaming", BAC only $$ profit , # of BAC tables in Nevada) 1992 $6.2BB $291MM 592003 $9.6BB $366MM 902008 $11.5BB $773MM 1942013 $12.0BB ( est) $1.56BB 285Notes: (a) Baccarat tables projected statewide open in 2014 = 331( In 2013, there were 1,347 blackjack tables on the LV strip generated $835 MM casino profit, while just 285 Baccarat tables generated $1.56 BB profit © Las Vegas Visitors from China have risen from 87,000 to over 280,000/year in the last 20 years (d) Visas issued rose from 502 to 8,567 in 2013(e) In 2013, all gamblers wagered a total of $11.3BB on Baccarat in Nevada ( compare it with the " gaming win" above)(f) In 2012 , Chinese "visitors" to Vegas represented only 5.1% of the total amount of international visitors to Las Vegas Conclusions, as I see them ( for fellow BTC participants , AND our forum's "founding fathers") ...I AM SURE THERE ARE MANY OTHERS ELLIS AND KEITH HAVE ALREADY CONTEMPLATED!(aa) you better stay 'sharp' on your BAC skills if you want to "keep your shirt on"(bb) BAC is the most important "profit" game to Vegas, outside of Slots ( but BJ players still far outnumber BAC players, so how long do you think it will be before you start seeing other BAC websites "popping up" ??) (cc) there maybe a huge, huge "hole" in the market for those who can develop effective blackjack strategies for BJ, and promote them wisely and "with results"(dd) While "WhatHappensInVegas,StaysInVegas" is likely Wikipedia fodder, and has a nice ring to it, we all know these "stats" are just a "microcosm" of what is happening all over the gambling capitals of the USA market...IMPORTANT MESSAGE TO ELLIS AND KEITH:(aaa) This is Pandora's box. Do you dare open it? Or do you leave well enough alone, keep making "patchwork repairs" and find a person like MP with the vim-and-vigor to carry the mantle...( there is no right or wrong answer ... everyone owns a business faces these types of ST/LT challenges/opportunities/potential pot-holes daily...)(bbb) Can you handle/do you want to handle the traffic from 3,4,5 different websites? Likely that is what it would take to really amp-up the inflow/outflow needed to ensure market leadership....The outliers are used to feed into the main site...( Keith- not telling you anything you do not already know.)..Question is, do you want to "cater more" to those driving the business? Means Multi-lingual instruction, kind of like "baiting-the-hook" for Striper, vs. Catfish or Swordfish...It's just plain different...I know this is "Just Vegas, Just Nevada" info...but, realistically, I am challenging the market leader to identify how it will maintain it's " leadership position" in a rapidly changing environment...Like Clint Eastwood's Dirty Harry said many, many years ago:" So, are you feeling lucky? Well are you?"( live from Las Vegas...kachatz1...remember, I'd rather be "good", than just "lucky" ) Quote Link to comment Share on other sites More sharing options...
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