VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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Pick 'Em Get smart Power tweets Overheard Done Deal RIGHT NOW Power Lunch The Numbers .com YOUR AD HERE Buy high Sell low VEGASINCmag Executive class Read this! The Pitch is back LAS VEGAS Vegas then VEGASinc2021 ? ? ? ? ? ! The innovator 'VEGAS STRIPPED' IS AN EYE-OPENER INSIDE VEGAS $ NOW SERVING 95 Gate keeper American dream Moonlighting FortuneCookie Grilled The Survivor Once reality TV exploded a decade ago, it was probably inevitable Las Vegas would become the home of show after show after show. When your community's nickname is Sin City, you're pretty much a target-rich environment for ratings-seeking television producers. With an overload of neon-soaked reality shows already out there, it was with some surprise that the Travel Channel's "Vegas Stripped" debut contained lots of interesting little tidbits about the South Point. And the really good stuff was in the wave of numbers related to South Point's operation, specifically the financial details. Here is our by-the-numbers look at what we learned about Vegas' "cowboy casino," as it's called in the show's intro. — Rob Curley n 14.5 million and 43 percent The show says South Point spends $14.5 million a year on special events and that "these events only have one thing in common: they're not moneymakers" for the property. It's then explained that at least 43 percent of attendees at the events must gamble in the casino before profitability is typically reached. n $25 million It was revealed that South Point spends $25 million a year on comps. n 500. Or 1,500. Or maybe 2,400. On "an average night," the casino's all-hours restaurant, the Coronado Cafe, can serve up to 500 steaks to the casino's late-night breakfast crowd. On the night of the Fetish and Fantasy Ball, the restaurant expected to sell at least 1,500 steaks, but ordered a total of 2,400 New York Strip steaks for the weekend at a cost of $20,000. n 100 By 3 a.m. during the Fetish and Fantasy Ball, held on Oct. 29, 2011, the Coronado Cafe had served 80 pounds of sausage, more than 100 pounds of bacon and 140 pounds of breakfast potatoes. n 25,000 Not surprisingly, Saturdays are typically South Point's busiest day of the week. The show said South Point averages about 25,000 people in the casino each Saturday. COURTESY PHOTO ON POINT: Staffers at the South Point are the stars of 'Vegas Stripped.' n 71 For the Fetish and Fantasy Ball, South Point had 41 of its own security officers on duty and brought in an additional 30 contracted officers to help with the audience. n $5,000 Many of those security officers were on pasties patrol. South Point officials worried pasties might violate a Clark County code related to "lewd activity, nudity or topless activity," saying it could result in a $5,000 fine. Note: The numbers were taken directly from the first two episodes of the television program and were not independently verified by VEGAS INC. Sin City Media Chatter We hear In business, every connection matters. HOW STRONG ARE YOURS? $90 A MONTH. *Offer valid until 4/1/12 to new subscribers of Cox Business VoiceManagerSM and Cox Business InternetSM in Las Vegas Cox-wired, serviceable locations. Offer price includes monthly service fees for 1 Advanced VoiceManager phone line with up to 29 features, voice mail and unlimited long distance plus Cox Business Internet Starter. Internet service includes up to 5.0Mbps/1.0Mbps, 10GB of Online Backup and 10 PC licenses of Security Suite. Unlimited long distance package is included and is limited to direct-dialed domestic calls only. 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