Got to love Vegas — Tron Jordheim

I had another opportunity to attend a trade show in Las Vegas. Those of us who get there several times a year have a bit of a warped perspective of the city. Each time I fly in, I see that the city has spread further. Each time I take a cab to the Strip, I see new hotels in the works and new condos on the rise. I read in the local Vegas paper that the group that owns the Venetian and Steve Wynn are now developing casino properties in Macao, China. SO it is quite likely that our most valuable import to China will be gaming.  We may depend on gaming to restore some trade balance with China. As American consumers pump money into China from purchasing everything made in China, the new monied class in China will send their profits right back to Las Vegas by way of the felt tables and spinning roulette wheels.

This would prove my gut feeling that Las Vegas has all the money. I mean all the money. If you traced the path of money movement, I would bet that 63% of the world’s money passes through Las Vegas or through a Las Vegas based company.

I tell people I know who have never been there, that you can smell the money as soon as you step off the airplane. The place is dripping in money, the way the Louisiana Bayou drips with dew in the late Spring. Because of this, the city continues to grow in leaps and bounds. Jobs of all kinds are crated every day. Service industries of every nature spring up around theses jobs. Hustlers of every stripe, legitimate and otherwise, flock there to try to get one little droplet of the money that you can feel dripping everywhere.

A boom market like this has its own biology and chemistry. If you do not know the market and do not have insiders guiding you through it, you could easily end up like the gold miners who headed to California in 1849 and be stranded with no more than a shovel in your hand. On the other hand a boom market like this is just what is needed for entrepreneurs to make their mojo happen and create prosperity for their companies.

I imagine the next time I go out there in a few months, there will be even more money out there and more hustlers trying to get their mojos working.

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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.

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