Is This Vegas Casino Secretly Going Bankrupt Next? 

Unfortunately vegas will never get back to the great 80s 90s etc. They all want to be only a high end resort area and squeeze out the middle class that built vegas. It's pathetic it use to be such a great to visit no matter your income level. SMH

They weren't getting enough customers, so their great idea was to end free parking. And they will get even fewer customers!! These people really don't know how to run a business.

If I had the money to open a new casino in Vegas I'd do what South Point did.... Reasonable rates, many doable places to eat, plenty to do for everyone, larger than normal rooms etc etc.... And they appreciate your business.....

If a Multi-BILLION dollar casino needs a couple of bucks for parking....Somethings wrong. 😵

Personal opinion: All casinos are & should lose profits until they get a clue & bring back all the things that historically drew people to LV- Free parking, slot machines that pay out, low hotel rates, buffets & cheap eats in the casinos!

WHAT I ABSOLUTELY "HATED" about Resorts World (when they opened) was they REFUSED TO ACCEPT CASH....?? EVERYTHING (as I understood it) HAD TO PAID BY DIGITAL WALLETS.....?? TO ME.....CASH IS KING.....IF YOU REFUSE TO TAKE CASH...SEE YA LATER..!!

Corporate bean counters have been destroying the Vegas vibe since the mid-90s. As long as people come to Vegas, their greed will continue to grow too.

To think they tore down the Stardust for this property.

What’s happened with Vegas is that it’s become so expensive to visit Vegas. The biggest problem with resorts world is the parking situation. How are you supposed to drag your luggage to the hotel from the parking lot?

Resorts World needs to lower room rates and instead they keep rates high and now charge for parking. Great planning 😡

Thk you Steven for these always interesting and informative videos! Looking forward to the next one! Nice that you and Caroline have a lemon tree!

Location is among the two hotels biggest problems. Nobody is going to walk that distance in 112 degree heat when they nothing you don't see in the connected center strip hotels. They need a free monorail like on the south end.

Old Excalibur is always full and have a great vibe. Empty casinos are not good. MGM Park is good too and better quality than Excalibur.

Is it a microphone or is it a kitchen utensil …. ??? It’s both. Genius.

Great Video and super informative. I wish the Stardust was still there honestly but rooting for Resorts World to succeed.

Fountainblue I bet will b next!!! IMO to much upper management turnover something seems wrong

Thx, always something new and different From you! Great job

Thanks Steven for all the info. The Strip has become too expensive. Get nickeled and dimed constantly. Outrageous food prices at the high end. Dinner at least $150 per person and that is the bare minimum more like $250.

I like the tone and flow of this video 👍

Wise man! Too many Corporations keep coming to Vegas and trying to change how the properties are ran, thinking they can do it better. Ever heard of the term if it aint broke dont try to fix it. I know Vegas is all about change, but it is my belief that some things shouldnt change. Just my 2 cents.

I have heard that Fontainebleau is not doing well.

The food court food selection is the worst variety at any casino I've been in, nothing I would eat personally, it's too catered to specific cultures IMO.

I live in Vegas and I like your lives. Thank you

Most of us know that already with RW! They are constantly empty.

Steve Wynn is laughing 🤣

Doomed to fail, no buffet.

Bro, you rock! Thank you for your hard work!!! 👍

Resorts World is targeted towards Asian demographic who tend to go to Macao instead of Vegas. It lacks theming or even a soul; A super large resort in a below average spot on the strip, with below average service. It has an entertainment district which resembles a shopping mall, and restaurants that do not stand out. Bars are few, games are absolutely terrible, drink service is hit or miss, and the dayclub/nightclub offers one of the worse experiences despite having the best resident artists. I have been there 3 times & had bad experiences all 3 times: First time I didn't get a single drink service during an entire 1hr+ of playing & some restaurants were closed during operating hours. Second time I got assaulted in the Casino bar by a drunk thug & security took 5 minutes to show up. Third time I went for the club. It was overpacked to the point of air becoming warm, super humid & hard to breathe, and someone would puke every 3 minutes (no exaggeration).

This property will go bankrupt several times until that end of the strip is built out... We went once to check it out when it opened but nothing there to draw us back... Going to need MGM and Caesars to make a few more mistakes to send more people up the strip... Cosmo converting rewards programs will likely send a lot of people north...

I like your combo mic/spatula!

Please make more videos like this 👍

Resort world and the Fontainebleau both will go bankrupt. The rooms are just outrageously expensive. Foot traffic in both properties is ridiculously low.

Vegas is Not the same as what it used to be. I stopped very regular trips when they got heavy handed with Resort Fees.

Steven, you're not wrong. In fact, I'm about to back you up. It's been mostly empty even in the middle of the day. I was just there yesterday for a corporate event and even their food booths were closed... and now that I think about it, I think they might have been out of business for a minute cuz those spots were expensive as hell. Let's talk about parking: yesterday when I went there close to noon, I was still able to get a killer spot by the elevator on the lowest floor, and it was 3/4 empty. (And Steve , I parked at the self parking across the street, close to employee parking.)

Resorts World - taking over a stalled project and making it their own as soon as possible - it shows in the design of the place. It's just a big airplane hangar, airport terminal, warehouse or cattle barn with a huge commercial space with floors stacked one above the other. Also, the casino floor is a bit monotonous similar to loading dock distribution center filled with casino machines and fancy lights.

Vegas Pauly C has been talking about RW numbers for about a year now. The numbers are not good.

That's the resort I was thinking about after seeing the title.

When we are in Vegas we tend to mostly stay on the strip and usually visit Fremont once. We may take an Uber to a resort that stands alone but Resorts world cashless system has kept us away. Hopefully they build this area up more to make it worth going to that location.

There's nothing that entices the masses to this part of the Strip and to make matters worse this area is a little sketchy at night compared to the rest of the Strip. I think casino owners & managers are learning the hard way the VALUE of free outdoor attractions. Fountain shows, volcano shows, pirate shows, themed properties to take pictures of (castle, downtown NYC, Eiffel Tower, Italy, pirate ships i.e.) Several states & countries have casino/hotels. People are used to seeing larger hotels with gambling and dining in them so just building a casino in LV isn't anything different from what they see near home. A visitor can stay central strip and be a short walking distance to several free attractions which gets them to walk inside. There's nothing special and/or unique about Resorts World, Fontainebleu, or even Sahara so its not really worth the walk which also makes Strat and Circus Circus suffer as well. If Wynn/Encore wasn't the pinnacle of luxury I believe it would be suffering the same underwhelming numbers.

Steve, the Video was cool in your back yard! Was the magazine Pinay. I sm so sorry that didn't work out for you. I thought it was turning out ok for you. Sorry. You are,a nice guy! ❤😂! Thanks for the info. God Bless You! :)😂

I've been there several times but the threat of paying for parking as a local I'm not going back. Do a segment on why casinos charge for parking, when for decades it was free

I've only seen Resorts World,on YT videos. What a beautiful place! I hope they make better decisions,because their competition is insane.💛

Vegas was the best in the late 90's and 2000 to 2017. Used to travel there 2 times a year. Saw all the shows and had large amounts of crab legs. Have not been back since 2017. They just want every dollar from you now

You’d make a good casino manager. Probably too stressful but still. You’re a smart guy.

Pre Covid Vegas was my place of choice for vacation. A hockey, a football game and or concert. F1 race and new high end casino have ruined it for me plus the raising cost on everything.

Interesting...I went when it first opened and it was nice but not what I expected. Went back once more and felt the parking was too far away. I stayed at Durango a few weeks ago and I like the food there and LOVED Shang before when it was at it's tiny location before moving next door and to Durango. I could walk there from the room I was renting and it seems to attract a lot of locals. Pool was nice enough but I'd rather use Station Casino comps at Red Rock. That's the problem with Resorts World is without other places to stay/gamble under their umbrella, it's better (from my perspective) for them to get bought out by someone already operating in the area.

For $10 a night on a slow week (before resort fees), you can stay center strip at Horseshoe / Linq / Flamingo. Makes zero sense to stay at Resorts World.

It certainly looked packed when I was visiting last month a couple of days after EDC. It has a lot already going for it in my opinion between having one of the three best restaurant portfolios on the Strip, one of the five best lounge portfolios on the Strip, some solid nightlife and rooms that are generally affordable relative to the resorts around it (Wynn, Encore, Venetian, Palazzo). Many of its misguided decisions you mentioned are obviously self-inflicted and reek of hubris, but I'm rooting for the resort's long-term viability in spite of them.

They do get A LOT of high rollers but I just don't like their property. It's not that nice.

My wife and I walked from Fremont street to the Flamingo. I never even noticed Resorts world, that was last summer.

Vital vegas says fountainbleau is losing $400,000. a day

The Palms casino is a success. Tons of people there.

I think Fontainebleau should have helped Resorts World and vice-versa. After endless delays and a disastrous opening, Fontainebleau has got to be sucking wind. There are enough higher end places either closer to the action or in a true resort setting away from the tourist areas.

Genting corporation is resorts world parent company. They have plenty of cash flow

They should have just kept the name “STARDUST”‼️however With the Gentrification happening in Vegas ‘and the LAS VEGAS CONVENTION CENTER 4.2 MILLION SQUARE FEET OF CONVENTION SPACE (largest in the USA) & the New Basketball Arena and condo tower being built next to Fountain BLAahhh‼️👀 will keep bringing the people.Also The fact that Tropicana (1,467) & now The Mirage soon to close 3,044 rooms will allow F.BLAahh and RESORTS WORLD To absorb some of that plus the ever revolving “Vegas Growth.

Parking, Resort Fees and unaffordable food options kill the experience and the $ left over they would get anyway for gambling.

Resorts World was a major let down from what I (we?)thought it was going to be via the renderings and the concepts. Forgive me for saying this but I’d rather spend time at FB than RW.

Conventions seem to be back when I was there in April. That was just my one week experience. I Could be wrong.

Very interesting information Steven, great job, enjoy your RU-vid videos.

The unfortunate part of this is that i cannot "short" genting stock to pro9off of their mismanagement of the business. They are associated with the Hilton brand so they will get some traffic from them. They are also close to the convention center.

I like Resorts World! I love the food court. Rooms are great. Restaurants are top notch. Location isn't good, but now Fontainebleau is nearby, and Wynn is close. I get comped, so I go regularly.

i went in there for the first time when i was in Vegas last week and the place is big and beautiful inside but it was so dead compared to other properties on the strip ...I also looked at some of the restaurant prices and they were insane ......I Mall part was over overbuilt too with not many tenants .. Drink service was nowhere to been seen as well..

I enjoyed the Resorts World premier video.

Both Resorts and Fontaine built with the future of the strip expanding north. Circus Circus/ slots of fun's days are numbered. However, i think they miscalculated with how slow the Northern strip was going to expand. But Resorts world is an amazing place however, yes Resorts World needs to calculate their strategy to be long term if they expect to survive. Gambling is Vegas and they need to capitalize a strategy to MAKE people want to stay there and keep them coming back.

You are the best!!

Not just Resort World, Fontaine Bleau, too!

Fontainebleau is not doing well ether lately.

I actually only found out Resorts World has a Casino. I had a chance to stay there TWICE and was interested but was like "Nah I'd rather have a hotel with a casino". First impressions really do matter.

Gambled there once. Felt like a well decorated morgue.

Thanks!

Pretty sure Pauly C been saying this for awhile...

Enjoy your videos

Pauly D said this months ago

I had a hunch RW was in trouble. They've been comping me Conrad rooms since last June (7 trips so far). Also, it was stupid for RW to offer free parking for reward members AND its was stupid for RW to stop offering free parking? Which is it?

Should have kept the Stardust. KARMA.

This may unlikely happen but if Steve Wynn runs Resorts World chances are the property will turn around and actually make a profit.

Fontainbleau -- in English: fonten-blow not fountain-blue

Hey Steven, sorry to tell you pal but the best singer is not Celine but Lara Fabian and of course Barbra Streisand before your time, fyi Lara lived in Canada for years as well after she moved there from Europe where she won the Eurovision. It's just that Celine had a better and more experienced agent and manager that launched her to the stratosphere. But don't get discouraged it's only my opinion, but if I have to compare you tubers I am partial to you among all the restaurant and bar bloggers simply because I recognize you put some intellectual effort to deliver some interesting content that is not the dull and mundane of the other overweight buffet chasers.😊

I have NEVER understood RW.

I can't wait to get back home 🏡

Resorts World, they should have kept the Star Dust tower and add another tower to it then it would survive.

They promised a beautiful Chinese themed resort with an outstanding entrance to the resort. Didn't happen. They promised a special street food type hall. Should have been an experience that would make you feel that you are visiting Thailand, China, laos, etc. that didn't happen. Is just another food hall. Supposed to be an Asian themed casino. That didn't happen. It feels like a very local casino. That didn't work. My wife and I did go there once totally disappointed. Never went back.

So, you build your free parking on top forcing all the people using it to walk down like mice going through a maze to get its cheese (access to strip/other places). Same in reverse.

Dont forget the VERY dumbed down result this property is after knowing what the original plan for Resorts World was supposed to be..... Its smaller, more boring, and has nothing like the original "Bellagio" style massive planned theme

Fountainbleu...

Another thing they really do terribly is there players cards. There is a Resorts World about 30 min from me in NY. My card and rewards are not transferable to Resorts World in Las Vegas. Simply said, I will not play or stay at Resorts World LV. They are the same company, and they do not honor their own rewards. That's pretty pathetic!!!!

Am subscribed and even hit the like button. I thought most people from Asia went to the Gold Coast? Who cares how they pronounce Fountain Bleu. They threw you out. Used to like this property when the Boyd Group owned it. In fact, like all Boyd Group Properties. Don't know if Genting quite knows what they are doing.

The Good Boys ran it better! ❤😂

You mean they don’t take cash in food court???

Sounds like the Ace’s Stadium is having hick-ups, so the Tropicana renewed its gambling license.

Them charging for parking was the nail in the coffin for me

Resorts World sucks.

This makes sense as to why they hired VegasStarfish to make digital content in their favor. 😅

whats up with the downtown grand? closing, selling?

I give Resorts World and Fontaine Bleu about 2 yrs. Location, location, location.

This place will always be marginal due to its location. Why do so many properties think location doesn't matter?

Cmon so many better Canadian music performers than Celine. Neil young, Bryan Adams. Guess who, Bto even most of the band was Canadian.

I don't give my phone number or e mail address to businesses, especially casinos. So, I don't go. Same reason I don't to the Premium Outlets North due to them wanting to vacuum up your personal data.

The world is about greed now days😢

I see RU-vid isn’t penalizing for saying “Covid” any more.