Photo: Dimitrios Kambouris, WireImage
Drew Nieporent, president of the Myriad Restaurant Group which owns Nobu, believes Las Vegas' new City Center development and its top restaurants may kill other eateries in this gaming town.
"Las Vegas is a fantastic place now for restaurants except it seems to me they've oversaturated," Nieporent tells Bloomberg. "This new City Center has approximately, I think it's close to two dozen new establishments, all pretty high end, and what that's going to is it's going to -- I think they'll do well because it's new -- but a lot of the other places in Las Vegas are going to feel the impact because they don't have the mass audience like we do in New York."
Nieporent says the current economic crisis hasn't affected New York's high-end dining scene too badly because "New York is 365 days of business."
"When it comes to fine dining the cream rises to the top," he tells Bloomberg.
New York, he says, "is very efficient and supports the restaurant industry."
But he doesn't predict the total death of Las Vegas high-end dining.
"The advent of great restaurants in Las Vegas has changed the mentality [of the all-you-can-eat buffet]," he says. "Gaming is flat so restaurants become another form of entertainment."