Pacquiao/Cotto Fight Could Help Vegas Economy

Written by:
Jagajeet Chiba
Published on:
Nov/12/2009

It's the fight everybody has been waiting for:  Pacquiao/Cotto will pack them in.

Big time boxing arrives back in Las Vegas this weekend and it's just the economic boost this gambling Mecca needs.

Saturday night is "Fight Night" at the MGM Grand Garden with a title bout so significant the mayor has given both fighters a key to the city, reports Steve Crupi of News 3 HD.

Visitors from around the globe are coming to see Manny Pacquiao fight Miguel Cotto on Saturday night.  This is helping to fill rooms in Vegas where the supply outweighs the demand and has helped to push rates way down.

Gambling911.com looked at hotel rates for this weekend and discovered that there are still plenty of bargains to be had.

Most Saturday stays will cost in the neighborhood of $130 to $175 for a 3 star Vegas Strip hotel.  Sunday night stays dip into the $30 to $50 range.

The Excalibur Hotel for example featured rates of $131 on Friday night, $171 on Saturday night and $41 on Sunday night.

The Monte Carlo was going for $186 Saturday night.

The top class hotels were looking to make significant money by charging $399 and up both Friday and Saturday night.  The Venetian and Bellagio were both offering these rates. 

Many of the travelers were expected to come in from Asia, specifically Pacquiao's home country of the Philippines.  But Vegas is also relying on high rollers from the Far East.

Then there are the restaurants.

Pinoy Pinay, a local Filipino restaurant on East Sahara, has welcomed Manny Pacquiao as a customer many times. And right now, their business is buzzing with anticipation.

"There's an economic benefit as well (to) our restaurant," Van Tirona tells News 3 HD.

The Vegas bookmakers also look to see heavy action on the Pacquiao/Cotto fight.

Open an online betting account with $116 at Sports Interaction and get a matching $116 Here 

Jagajeet Chiba, Gambling911.com         

Business/Financial News

Bitcoin Betting for Dummies ....and Five-Year-Olds

What's often lost in the discussion is that bitcoin is really no different than PayPal, the intermediate payment platform that is now commonplace among nearly anyone who conducts financial transactions online. 

Russian Hacking Dependent on Bitcoin: Price Unaffected Thus Far

Russian Hacking Dependent on Bitcoin: Price Unaffected Thus Far

US Deputy Attorney General Rob Rosenstein announced Friday afternoon a series of bombshell indictments related to alleged Russian meddling in the 2016 US Presidential elections.  The indictment claims the scheme was dependent on the cryptocurrency bitcoin.

Summer Betting Events Aren't Over Yet: Here's What Bookies Should Offer

Summer betting is in full swing, and there’s still plenty of money to be made.

3 Online Bookie Business Myths & The Real Truths About The Business

3 Online Bookie Business Myths & The Real Truths About The Business

Interested in running a sportsbook, but discouraged by a few myths?  The online bookie pros will put these myths to bed, explaining everything step-by-step and to the point. Learn the truth of the bookmaking business and start profiting now.

Ways to help you find the Right Sportsbook Pay Per Head

Ways to help you find the Right Sportsbook Pay Per Head

Not all Pay Per Head operators are built the same.  Finding the right Sportsbook Pay Per Head is essential for any bookmaker or agent.

Syndicate