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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."
[Via Eater]
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12-31-2009 @6:36AM Karen said... I lived in Las Vegas for many years. The high end, upscale restaurants are always popular with the "whales" (high rollers), but don't discount those buffets. They have improved greatly. The quality and variety is much better. The prices are higher, but isn't everything? My personal favorites are the buffets at MGM Grand and Sunset Station, although, I hope one day to eat at Caesar's Palace buffet. I hear they have everything from lobster to kobe beef and caviar.
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12-31-2009 @3:51PM SNOBBERIES are OUT! said... I would rather spend my money in the slots or at the table games than eating in a snobby, overpriced restaurant. There are plenty of inexpensive yet delicious places on and off the strip and on Freemont Street that are more than HALF of the price of the snobberies. Do you think a Salmon knows whether it's going to be sold for $50 at a fancy restaurant or for $6.99 at a cheaper restaurant? No. It's still a salmon, and still tastes the same at any price. As a matter of fact, it probably tastes better (and you get MORE) at the cheaper eateries! PLUS you still have money left over to take in a show or gamble!
12-31-2009 @7:56AM Debbie said... New York supports the restaurant industy so much that Tavern on the Green is closing? Give Vegas a break. It has something to offer everyone...and it's not just for tourists. People live and work here too.
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12-31-2009 @9:13AM chris said... Tavern on the Green is closing because the lease of the people running it was not renewed. The restaurant is owned by the city who awards 20 year leases on it, and it has been awarded to the guy who runs the boathouse restaurant overlooking the Central Park lake. After $25M in renovations and a fresh new menu, it will reopen in March under either the old name or Tavern in the Park. The food at TontheG has been mediocre for years, which is why business is off. Cream rises to the top in NY and Las Vegas.
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12-31-2009 @9:25AM vicki kendall said... There are so many good restaurants in LV and NY, but you better have the dough to pay for it. There are also so many bad restaurants in both places. Hope there is an improvement in LV, as it has sucked for years.
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12-31-2009 @10:01AM sunny said... Oversaturated??
That's putting it mildly.
When you can eat all day for $20 at the Circus Circus buffet, why would you bother going to a "real" restaraunt??
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12-31-2009 @7:05PM FatalFlyingGuillotine said... Maybe because some of us believe that eating does not simply equate to shoveling food into our mouths in some uncomfortable, unattractive setting while mingling with buffet zombies. Some of us prefer ambiance, high-quality offerings, creative menus, an impressive wine list, and fun.
12-31-2009 @10:41AM Eleanor said... There's no place more exciting than Vegas. And as for dining, you can choose from the long list of high end restaurants and buffets like the ones at the Bellagio (my favorite) and the Paris. Or you can opt for bargain buffets and moderate to low-end restaurants to dine in between the times when you are doing a little gambling, walking the fabulous Strip, seeing the shows, shopping in spectacular malls & shops(maybe just browsing) or taking in the fascinating sights within the world's finest hotel/casinos. There's music, lights, color, and yes, plenty of dining everywhere you go in Vegas. I love New York City too, but why compare with Las Vegas? We are talking two of the greatest cities in the world, each offering the best all round experience in dining and so much more.
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12-31-2009 @10:54AM bing said... Las Vegas was built on good food, cheap not $150.00 for two at Wolfgang Pucks.
It's nice to have a few high end eats but Vegas put all it's eggs in the high price food basket and it's a big mistake. Vegas is a money sucking leech, extracting your cash at any opportunity , an obvious corporate game plan. I'll take my vacation money elsewhere this year and watch these over priced, over rated, restaurants go out of business.
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12-31-2009 @11:10AM dick trout said... The best bang for your buck ! ! The Orleans buffet, The best buffet in town !
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12-31-2009 @12:21PM Anna said... The good old days of Vegas have gone for ever. It use to be that you could eat cheap and use the rest of your money for gambleing. I loved the $1.99 breakfast`s, the .99 cent shrimp coctails, the $2.99 steak breakfast at Binions. Those were the days. Las Vegas has gotten so big. I know everything has gotten bigger and (some say) better. I know I would never pay $150.00 for a dinner for two. I go for the food now to pay for some ones name on the restaurant.
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12-31-2009 @1:08PM Joe said... What do NY restuarants have to do with Vegas restuarants? The casinos are in NJ, NOT NY. Jeesh.
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1-01-2010 @4:42PM Ashlee said... Miss the old Vegas, reasonable food and coin slots. They have taken the fun out of going to Vegas..........The new direction Vegas has taken , has out priced the new "working poor" making $10.00 an hour, if you can get hired. If things do not change, Vegas will become a High Rollers Only-ghost town.....
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12-31-2009 @1:21PM Jon said... I have tried most of the restaurants in Las Vegas and I agree that prices are extremely high for what little you get. Most enjoyable for me is going to the Claim Jumper which has three locations. Each specializes in a variety of food and for the price, you almost end up taking a "doggy bag" home with you. If you ever order the Ribs, be prepared to eat a lot and then some. One other place I visited and that was the restaurant on the Effel Tower. I personally felt ripped off for the little amount I received and the price was way over $100 and I didn't even get seconds on the cup of coffee I had ordered.
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12-31-2009 @1:31PM Chef Alfred Schrader said... Sounds interesting. I could put together a special dessert. Something like a layer of puff pastry with Bavarian pastry cream, then another layer of puff pastry, and whipped cream, then another layer & strawberries in wine sauce, then another with a giant rosette of whipped cream & sprig of mint , and a drizzle of raspberry coolie....Alfred-
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12-31-2009 @2:44PM Max said... My favorite part ov Vegas is eating out. I do miss the mid-range places, though. There should be a place where you can eat for less than $50 a person. Maybe it'll all balance out. I ean Luxor, one of the nicer places, can be had in December for under $50 a night. And a shame it has to come when I have no income! Dang the timing.
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