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XS, Hakkasan, Marquee, Tao Top Nightclubs In America

Steve Aoki At Hakkasan Las Vegas top nightclubs in Las Vegas

Steve Aoki At Hakkasan

XS, Hakkasan, Marquee and Tao were the top 4 nightclubs in America in terms of gross revenue in 2014. In fact, 7 of the top 10 grossing nightclubs and bars were in Vegas and 15 of the top 100. Not too shabby.

If you’ve ever wondered where to party in Vegas then here’s a good place to start. Below is a breakdown of all of the Vegas nightclubs and bars on the Top 100 list from Nightclub.com.

1. XS Nightclub, Encore
2. Hakkasan, MGM Grand
3. Marquee Nightclub, Cosmopolitan
4. Tao Nightclub, Venetian
6. Surrender Nightclub, Encore
9. Hyde, Bellagio
10. Lavo, Palazzo
17. Chandelier Bar, Cosmopolitan
18. Tryst Nightclub, Wynn
28. Chateau Nightclub & Rooftop, Paris Las Vegas
48. Ghostbar, Palms
55. Lagasse’s Stadium, Palazzo
66. Bond Bar, Cosmopolitan
67. Vesper Bar, Cosmopolitan
68. The Bourbon Room, Venetian

4 of the top 100 bars and nightclubs in America are at the Cosmopolitan. That’s not surprising because the Cosmo is my favorite bar on the Vegas Strip. Chandelier Bar (floor level) is one of my favorite bars to sip on a drink and hang out in all of Vegas. Last year they added video poker to this beautiful bar so you can get excellent comp drinks while you gamble. WIN!

What is surprising is that Chateau at Paris, Lagasse’s Stadium at Palazzo and The Bourbon Room at Venetian are in this list generating between $5 million and $15 million in 2014. To be honest I didn’t know Chateau was still open, I thought Lagasse’s Stadium was considered a restaurant and had no idea people went to The Bourbon Room en masse.

Live and learn!

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Nightclub Revenue In Vegas Will Shock You

Steve Aoki At Hakkasan Las Vegas

Steve Aoki At Hakkasan

I know casinos and Vegas but I’m not an investor. Sometimes when I see Motley Fool or other investing websites break out revenue in certain ways I can be surprised.

We all know that nightclub revenue is big for Las Vegas casino operators. What is surprising in this chart is seeing how much of the overall revenue nightclubs are for some of the casino operators.

Las Vegas Casino Nightclub Revenue

Oontz, Loot, Oontz, Loot

Hakkasan (MGM Grand, XS (Wynn) and Marquee (Cosmopolitan) are the Big 3 of nightclubs in Vegas. It comes as no surprise that their revenue last year was about the same (see full article for specifics).

Hakkasan revenue seems to be ahead of the pack this year. This shouldn’t come as much of a surprise as Hakkasan is the largest nightclub with the most famous DJ’s and a marketing arm that will use landmarks like the Bellagio fountains to promote you (See Tiesto show).

Besides the percentage of overall revenue for nightclubs there isn’t much in the chart that’s a surprise. That said, it’s always interesting to see casino revenue examined in different ways.

Photo: Hakkasan 

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SLS Las Vegas Preparing For Douchebaggery

SLS Las Vegas Men's Room Sign

Men, read this.

Yesterday when I shared my first impressions of SLS Las Vegas I mentioned the following.

Since the casino is so tight (spatially) the mix of testosterone, booze and drugs seems like a toxic mix for disaster.

I forgot that I took this picture in the men’s room on Friday. Maybe it was sitting in my subconscious. Clearly SLS Las Vegas is aware that the nightclubs will bring a certain element to the casino and is preparing for the worst case scenario.

I’m going to guess that this sign is a signal that we won’t be seeing Johnny Football partying at LiFE or one of the other nightclubs.

 

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LVH Is Out, Westgate Las Vegas Is In. Here’s What To Expect.

Westgate Las Vegas Marquee

Westgate Las Vegas Marquee

Last week LVH was sold to Westgate. In turn the hotel formerly known as LVH, Hilton and International will now be known as Westgate Las Vegas Resort & Casino. The purchase price was somewhere around $180 million and the owner says that they will put more than twice that much into rehabbing the old property.

A lot of changes are planned for the new Westgate Las Vegas, here’s what you need to know:

[Read more…]

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Drone Bottle Service At Marquee Dayclub

Drone Bottle Service!

I caught this quick video of a drone delivering bottle service to a waitress at Marquee Dayclub at the Cosmopolitan on the morning news today and was waiting for someone to share the video. Well, it’s finally made its way around the interwebs.

It doesn’t really look cool but it’s a different way for clubs to deliver drinks. New delivery methods of bottle service will be key in keeping the “Look At Me” generation interested in paying 20x+ the retail value for their booze.

It was really only a matter of time until drones were used for bottle service at nightclubs (or dayclubs). What do you think?

Video @jasonstrauss on instagram

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What A Night In A Vegas Nightclub Is Like

Flipping An Egg - "When Will The Bass Drop?" Saturday Night Live

Flipping An Egg – “When Will The Bass Drop?”

I haven’t watched Saturday Night Live regularly in a while but when they have a sketch about music they’re usually on point. Lonely Island (buy at Amazon) regularly made me laugh and with Andy Samberg hosting we were treated to a hysterical digital short.

When Will The Bass Drop?” really captures what a night at XS, Marquee or any other nightclub in Vegas has turned into. Clubs have changed in the past few years from places to dance and meet people to DJ concerts where they can be flipping eggs, playing MP3’s or maybe actually DJing.

Shout out to Lil Jon for being Lil Jon at the end of this video (Turn Down For What?)! Enjoy!

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Caesars Turmoil

Caesars Entertainment Chapter 11

Caesars Entertainment Chapter 11?

To say this was a chaotic weekend for Caesars Entertainment would be an understatement. On Friday they announced that they were leaving a casino project in Suffolk Downs, MA.

Partner Suffolk Downs asked Caesars to withdraw following an investigation by the state’s gaming commission, according to a statement yesterday from the horse-track operator, which didn’t didn’t specify the findings and said it was confident it would receive approval on its own.

Whoa. Before anyone could speculate what was happening Caesars Entertainment announced that they were cutting ties with Gansevoort. There would be no Gansevoort Las Vegas.

Caesars Entertainment Corp. is ending its partnership with Gansevoort Hotel Group to transform Bill’s Gamblin’ Hall & Saloon into the luxury Gansevoort Las Vegas on the Strip.

Caesars executive vice president Jan Jones confirmed the move on Sunday, two days after the Suffolk Downs ownership group said it had dropped partner Caesars Entertainment from its bid to build a $1 billion resort casino at the Massachusetts racetrack.

In other words it seems as though Massachusetts wouldn’t allow Suffolk Downs to proceed with Caesars, in part, due to their ties with Gansevoort because they have ties to the Russian mob.

The Las Vegas Review-Journal reports the move came after Massachusetts gambling investigators, during routine background checks of Caesars’ business partners, found an investor in New York-based Gansevoort was alleged to have ties to organized crime in Russia.

This sounds like a scene from on of the awful Netflix Instant movies I watch. The hotel project formerly known as Gansevoort will continue. The rarely reliable Robin Leach says that Giada’s restaurant and Drai’s nightclub business will continue as things move forward.

The Las Vegas project will continue for Caesars seeking a new partner. I don’t think Kimpton Hotels will be a demographic match for what Caesars was trying to put together for this property but I’d love to see them have a hotel in Las Vegas.

The Suffolk Downs casino project will also proceed with a new partner. More on that another time.

Throw all of this into the pot of reasons for people to speculate about Caesars filing for chapter 11. I don’t think it’s a matter of if Caesars will file for bankruptcy, only a matter of when. All of this doesn’t help.

PS: If you get bored you can check out a blog I made a few years ago (pimpin at kimpton) after a fantastic stay at Hotel Monaco in Chicago.

Update: Now it seems as if there are possible money laundering problems.

Update 2: There was a shooting at Bally’s Las Vegas this morning.

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More On Why The Vegas Strip Is Changing

I love the Vegas strip. There’s no place in the world like it. There never has been and there never will be. It’s awesome. That said, the strip has been changing a lot from when I first started visiting Las Vegas for bettor better and worse. Right now the center of the Vegas strip is where you’ll find plenty of construction for The Linq, The Quad and Bill’s but in the next few years the construction will be moving to the north end of the strip with Resorts World and SLS Hotel.

The Vegas strip change isn’t anything new. CityCenter, Cosmopolitan and even Wynn ushered in change over the past decade because their customers are changing. People don’t come to Las Vegas just to gamble like they used to. They come for the night clubs, fine dining and shows. In fact, people have been coming to Las Vegas for those things more often almost every year since 1990 and in 1999 when people began spending more money on things beyond the casino.

 

Gaming Vs Non Gaming Revenue

Revenue is the total amount of money spent and not profit. This chart only shows gaming and non-gaming revenue so let’s look at an approximation on gross profit. The house edge (ie. gross profit) on some of the worst bets in the casino is only 30% with the lowest house advantages being under 1%. Meanwhile, the markup on a bottle of wine in a 4 star restaurant can be 200% or more. Even a soda at a low end restaurant will be marked up over 1,000%. The markup on a bottle of vodka at a nightclub dwarves all both of those.

In todays, corporate run, Las Vegas every square inch of a casino has to show a profit. This information has to be reported every quarter and in order to show shareholders that the future looks bright they have to always show a profit. Sure the casino may lure you in but the real money is made on those awesome SW steak dinners or at a table in Marquee.

Even if the Cosmo only gets a percentage of the revenue from Marquee there is a nice chunk of money to be made their from small stake plus rent plus overflow spending at restaurants and bars.

Gambling hasn’t left Las Vegas. Far from it. While the chart above shows that 35% of the revenue earned on the Vegas strip is from gaming you’ll find that Downtown Vegas still earns the majority of its revenue from gaming.

Moving forward expect this trend to continue. If you’re a gambler you’ll probably find better gaming options and more people like you downtown. If you don’t mind worse gaming odds and don’t mind being around different people you will still be able to find fun on the Vegas strip.

Personally, I love the both the gaming and non-gaming Las Vegas and look forward to seeing what the future brings.

Photo: abpan.com

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Betting Dork: The 2nd Annual Vegas Lifestyle Show

Podcast Feed Icon

Podcasts

Last year I was fortunate enough appear on The Betting Dork podcast to talk about Las Vegas. It was their first annual “Vegas Lifestyle Show: A Man’s Guide to Sin City”. The Betting Dork podcast is normally an intelligent discussion about sports betting, so this is a little different for their audience. This is one of my favorite podcasts so it was an honor.

The podcast was popular enough to have a second edition. This year the podcast grew from a segment to a full-blown podcast with the addition of Vegas Runner and Marco D’Angelo. We cover the following topics over the hour-long podcast:

  • Super Bowl Parties
  • Best Sportsbooks
  • Favorite Steakhouses
  • Stripclubs
  • Nightclubs
  • Shows (kinda)

This was incredibly fun to record and I’m honored once again. There were several times where I had to step away to keep the laughter off mic. Here are links to download and to listen online.

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Changes Happening To The Vegas Strip Right Now

There are a lot of changes happening on the Las Vegas strip right now. Many people just know the construction as an inconvenience. Most of the major projects happening on the strip right now are Caesars Entertainment casinos, hotels and shopping areas. Here’s the quick breakdown in order of new projects opening.

OutImperial Palace (photo flickr/ ayersa@sbcglobal.net) – Caesars Entertainment does not own the license for the name Imperial Palace and decided not to renew their lease on the name. The property is undergoing a name change to The Quad and being renovated.

Imperial Palace Las Vegas
In: The Quad – Caesars decided to only renovate the casino and not hotel of The IP/The Q. The good news is you’ll have a new casino. The bad news is you can still get the dirtiest rooms on the strip! Hey, at least they’re cheap. Transformation will be completed by 12/21. Learn more details about The Quad at Vegas Chatter.

The Quad Las Vegas

Out: O’Shea’s – O’Sheas closed earlier this year and is the biggest closure because of what’s being built in its place, The Linq. I’m happy to see this dump go away, but it was a place for people to go and gamble and drink for cheap. It had a place on the strip.

O'Sheas

In: The Linq – The Linq is not a casino. Instead it will be a variety of retail outlets, restaurants and bars with a ferris wheel as the anchor to the area. This will be a huge area of the strip that seems as if it will rival CityCenter in size. The Linq’s tenant’s aren’t very exciting but there’s nothing horribly offensive about any of the bars or restaurants. The Linq is scheduled to open December 2013. Vegas Chatter has a lot more information on this huge space causing traffic on the strip.

The Linq Las Vegas

Out: Bill’s Gambling Hall & Saloon (photo flickr/ anna_jewels) – Bill’s will close in February 2013 and will be gutted but not imploded. In its place a new “boutique” hotel/casino will open focused on serving people more interested in nightclubs than gambling. I’ve never been inside of Bill’s, but people that like cheap drinking and gambling were their customer. Notice the trend here by Caesars?

Bill's Gambling Hall & Saloon Las Vegas
In: Drai’s (Actual name TBD) – This casino will be completely different by the time renovations are complete in 2014. From all accounts it seems as if this will be geared towards the same people that go to Cosmopolitan for Marquee nightclub. It will be interesting to see how that segment of Vegas visitors develops over the next two years. No photo here since there’s no renderings.

Maybe more: There was talk of Bally’s Grand Bazaar shops being built on the strip earlier this year but I haven’t heard anything recently and there’s no construction happening right now.

I have no memories tied to any of the places closing on the strip so I’m not sad about any of these changes. I look forward to seeing what the strip looks like in 2014.

Tweet me @eastcoastgamblr

 

Copyright © 2017 Marc Meltzer & EDGe Vegas