Tag Archives: Year of the Ox

Las Vegas Banks on ‘Ox Karma’

With all the Las Vegas economic gloom and doom prophecies running rampant, the city is hoping that the Year of the Ox Chinese New Year, which normally brings in millions of dollars annually to Nevada coffers, will be just what is needed again to boost business revenues and spirits. 

 The actual holiday starts on January 26 and runs through February 28. ox

But Chinese fortunetellers and seers have their doubts that the festive event will bring a much needed economic bump. The mystics say that fire is essential for financial well-being.  And it is nowhere to be found in the mythology of this Year of the Ox.  Rather, Chinese soothsayers see a deepening recession, with millions more losing their jobs, and stocks and home prices continuing to plunge.

Even newly elected President Barack Obama, born in a prior Year of the Ox, has mystics worried.  His bad omen is that he’s the 44th president- a number the Chinese deem extremely unlucky because “four” is pronounced the same as “death” in Chinese.

 If positive economic karma doesn’t win out, it’s not because local businesses haven’t tried to lure in revenue.   Virtually everywhere in Las Vegas something is going on at some time, as was previously posted in the Las Vegas Backstage Access blog:  Top Five Picks for Chinese New Year Celebrations in Las Vegas

baccaratOne of the best indicators of the rise of the Chinese New Year in Las Vegas is the revenue coming from baccarat play.   The amount dropped on baccarat during the Chinese New Year’s celebration has increased from $455.6 million in 1996 to more than $1 billion last year.

 That was last year- before our global economic bubble burst.

 With the disturbing trend of more and more Chinese high rollers – commonly referred to as “whales” – ending up dead, imprisoned or just broke because of corruption schemes gone bad and prosecuted, only time will tell if Asian wealth will pour into Las Vegas this year.   Or will it merely trickle?

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Top Five Picks for Chinese New Year Celebrations in Las Vegas

Currently, about 7 percent of Las Vegas guests come from Asian markets.  But when you combine the visiting chinesenewyearpopulation with local Asian residents, it is hoped Las Vegas businesses will get a much needed boost from the Chinese New Year – the Year of the Ox – which officially begins on January 26. 

Here’s our Las Vegas Backstage Access Top Five Picks, listed sequentially:

  • 1) Jan. 22 – Charleston Heights Arts Center is hosting the film “The Road Home” at 6:30 p.m. at 800 S. Brush St. $3 admission. 702-229-6383
  • 2) Jan. 25 – Green Valley Ranch will host the second annual Chinese New Year’s concert and party- acrobats, magic show, Chinese folk dance, Kung fu demonstrations, and more. 2300 Paseo Verde Parkway. 702-686-9255
  • 3) Jan. 26 through Feb. 28 – Bellagio Conservatory will feature its Chinese New Year’s show with 15-foot-long botanical ox made from more than 10,000 living Alternanthera; an 18-foot-toall Chinese God of Wealth and Fortune, I-Ching coins, and more. 3600 Las Vegas Blvd. South. Free.
  • 4) Feb. 8 – Chinese American Chamber of Commerce is having their 15th annual New Year’s celebration from 10 a.m. until 5 p.m. at the Las Vegas Chinatown Plaza, 4255 Spring Mountain Rd. $3 adults; $1 children ages 6 to 12, younger are free. More than 5,000 people are expected to attend, so best to arrive early.
  • 5) Last, but not least, the Lohan School of Shaolin will present several authentic lion dances throughout the Las Vegas Valley during the Chinese New Year season. Please call 702-364-5875 for locations and times.

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