Las Vegas RESORT FEES

Discuss all things Las Vegas. Hotels, restaurants, good deals, airfares, cabbies, conventions, shows, etc.
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olds442jetaway
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Re: Las Vegas RESORT FEES

Post by olds442jetaway »

Can’t argue that point.

Karl_EDT
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Post by Karl_EDT »

TripleTriple wrote:
Thu Apr 11, 2024 10:28 am
Nearly everyone needs gasoline. Nearly no one needs Vegas.
Yes this observation is true Mr. triplextriple, although even with Gasoline, you can make serious adjustments in your life style and routine, to use far less than you currently do now, and if enough people all over the country and world did so, it would force the Gas suppliers to adjust their business models and pricing etc. I recommend a documentary that is on free streaming services, it's called "GAS Hole" and it is a very candid and honest look at the Oil & Gas industry.

Comparing gasoline to gambling really isn't the key here though, in terms of compelling the business owners and executives into making changes that are more fair and reasonable for all of us customers. The Key is the fact that both Gasoline/Oil companies like Mobil, Exxon, SHell, and others are publicly traded companies, and likewise nearly all major Casino Resort corporations are now publicly traded business entities. This fact means they are greatly influenced by and dependent upon public opinion and sentiment, as they are beholden to the shareholders and cannot allow a huge tanking of the stock price and the business revenue streams. If the public stopped those revenue streams even briefly, and if the public adopted a very bad negative view of these businesses, they would have to react and respond to alleviate the situation.

dinghy
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Post by dinghy »

Karl_EDT wrote:
Fri Apr 12, 2024 8:45 am
I recommend a documentary that is on free streaming services, it's called "GAS Hole" and it is a very candid and honest look at the Oil & Gas industry.

If the public stopped those revenue streams even briefly, and if the public adopted a very bad negative view of these businesses, they would have to react and respond to alleviate the situation.
Apparently the doc alleges that the oil companies (aided by bought politicians) conspired to extinguish a miracle technology -- which I find dubious in light of accumulating evidence that alternatives need government subsidies to survive in the marketplace.

The oil industry has often been volatile because supply responses occur with a lag. It takes years to permit a new well, and shutdowns of existing wells are very costly. The companies swing between (1) strong profitability, and (2) circling the drain. But malcontent consumers only notice circumstance #1.

I don't know the numbers, but I think energy has suffered some of the highest bankruptcy rates of any sector. Below you can see the collapse of its representation within the stock market:

Image

The "very bad negative view of these businesses" already exists afaik. Simply holding stock in an oil company is controversial now:

https://en.wikipedia.org/wiki/Fossil_fuel_divestment

Everyone should be free to boycott, but such actions will not solve an imaginary problem. When the boycotts fail, the next step will be government price controls. And then communism:

Image

Note the date. It's probably 90% consensus now, considering the direction Canada has gone politically.

Back to the resort fee topic, which is a very emotional issue for some people. I readily admit the pricing structure is nonsensical because customers are essentially charged something for nothing. But what's the harm? The total is the same. I can either pay $100 base + 50 resort fee, or $150 base. Even if you win the protest, you accomplish nothing.

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