Speaking of dark and gloomy, here’s a quote from the day before Mirage opened back in 1989, from the LA Times via proquest:
At the same time, though, the new competition is expected to drive struggling gambling halls out of business.”There’;s going to be a shakeout,” said Glenn S. Schaeffer, chief financial officer of Circus Circus. “The rich will get richer and the poor poorer. You can’t compete today without some kind of distinct identity.”
If you’re not working from a UNLV computer, you won’t be able to read the rest of the article, but it’s instructive. Even though the market grew, Schaeffer was right. If you don’t believe me, we can discuss it over a drink at the Hacienda, Dunes, or Aladdin.
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