Word: vip
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...miss out on the glories of youth while bonding with their children. After all, mother and child gain entrance because their combined age is twenty-one (goodbye fake ID’s), share a lovely moment while downing bottles of their respective beverages of choice, and get the VIP lounge all to themselves when it’s baby-feeding time. Now why didn’t I think of that? (Note to those thinking of improving your social life by trying this: while dancing, be sure not to drop your baby on the flo?...
...McCartney will play for an estimated 40,000 people in Tel Aviv's Yarkon Park. But with ticket prices ranging from $1,500 for VIP seats to $150 for the bleachers, many Israelis are complaining that this particular trip down memory lane is too pricey...
...Melco Crown swiftly closed the gap. Its market share of 16% in the first half of 2008 was just a whisker behind Wynn with 17% and Las Vegas Sands at 21%, according to Citi Investment Research. More impressively, the Crown has become Macau's top casino for VIP high rollers. "A lot of people were surprised we turned it around so quickly against the big boys," Ho says...
...Melco Crown ripped out slot machines and low-end gaming tables and expanded its VIP casino. But more importantly, Ho outmaneuvered his competitors by coming up with an unusual arrangement to ensure a steady flow of big fish. Macau casinos attract most of their wealthy clientele by working with junket operators, companies that function like specialized travel agencies. By maintaining close ties to high-end gamblers and often providing them with credit to bet, junket operators funnel traffic to the casinos, which pay them commissions. Macau has scores of independent junket operators, making business unpredictable. Ho figured...
...gambit worked. In July, according to Citi Investment analysts, Melco Crown may have claimed the largest share of Macau's VIP market. Now Ho's challenge is staying on top. The Macau government has announced that it intends to cap commission rates paid to junket operators as part of a larger effort to bolster regulation of the industry. That could reduce Ho's leverage, but analysts say Amax's financing power still gives him an advantage. "Once you've got the kind of critical mass Ho's got, it will be difficult to dislodge him as a true contender...