casino hotel characteristics
What you don't see very often is a. , complete with well-appointed Parsons chairs. Another example is Marriott, which boasts brands such as The Ritz-Carlton, Sheraton, Westin, Gaylord, Courtyard, and SpringHill Suites. In the global casino hotel market, Asia Pacific is a significant region contributing to market growth. Few concepts go together as comfortably as luxury and casino hotels. Casino hotel establishments consist of a full-fledged casino with a temporary lodging facility which is provided in an on-premises hotel. The resort alsofeatures more than 8,000 square feet of meeting and event space, a heated indoor pool, four restaurantsand a coffee shop, plus a regular lineup of live concerts. Empathetic and caring When guests approach the front desk to check in, they may be tired from their travels. In some states, its 18, though in most parts of the USA (especially if its an alcohol-licensed casino) its 21 to match the drinking age. I know that one has a rollercoaster on one of its top floors was a thrilling ride, we went just for that one time :D, Ive stayed in a few casino hotels in Vegas. The hotel, nearby or directly connected to the casino, provides lodging and may include other popular services such as food and beverages, valet parking, a swimming pool, health club, and on-site entertainment. And with casino tourism continuing to trend, booking an onsite hotel is a pretty sure bet! Hotels, particularly casino hotels, often have a variety of furniture pieces in common: the bed, of course, a couch, perhaps an accent chair or two. Co-branding with significant hotel and gambling items enhances the complex's brand visibility and attractiveness. Casinos contribute huge sums of tax revenues to local government, and influence the local economy greatly. Their perceptions of direct mail cash bonus rewards and offers and the fairness, based on play, of the comps earned were also important issues. Regional Accommodations. Recommended Casinos Betmotion Casino Bonus: $200 Visit Betmotion Spinit Casino Bonus: $200 FD Bonus Visit Spinit Mr Green Casino Casino hotels SIC 7011 / NAICS 721120. Every hotel, hostel, or bed-and-breakfast in the hospitality industry has a core demographic of a few guest personas that are ideal for targeting or that overlap between the ideal guest (the type of guest the property wants to attract) and the actual guest (the type that actual books). Survey your customers. With world-class entertainers visiting the resort regularly, and a wide variety of exquisite restaurants to choose from, trust us when we say that a stay at the Winstar is truly worth your time. The demand for casino hotels is surging owing to the double-digit growth of the hospitality sector in the last ten years and expanding inclination of tourists for luxury hotels is giving way to widened opportunities for the global casino hotel market. Will be used in accordance with our Privacy Policy. The findings revealed several reasons that visitors choose Atlantic City including: popularity, casino and night life, affordability, accessibility, first-class hotels and dining, the beach, and the boardwalk. Moreover, leisure travelers mostly try to minimize and. Since the casino and hotel are located on the same premises, a gambler's necessities can be provided for in one location. Oh wow I bet the Venetian in Macau would have been incredible! Net fixed assets represent long-term investment, so this percentage indicates relative capital investment structure. 1) Services inn. Catering to high rollers with its award-winning casino, this hotel boasts 200 rooms, six eateries and a bevy of nightly entertainment options. It reflects the combined effect of both the operating and the financing/investing activities of a business. Casino Hotel Market Anticipated Value (2032), Casino Hotel Projected Growth Rate (2022 to 2032). Copyright Luxury Lifestyle Media Group Limited 2023. and true vanity table in the oversized bathroom. We think not. . Due to the potential decline of the economy, the demand for the casino hotel industry could possibly be in a declining phase leading to dropping sales figures. For instance, in Australia there is no culture of tipping, and the price you pay includes all service charges. Customers receive the benefits of both gambling facilities and lodging. You have to think like an entrepreneur, to develop your book of business, while abiding with your casino's rules for reinvestment. If you're having trouble getting a vacancy at the Encore, consider its sister hotel and neighbor, the, ARIA Resort & Casino'scutting-edge technology is a big hit with travel buffs: Rooms have bedside touch-screen controls that remember your temperature and lighting preferences, a connectivity panel for laptops, DVD players and gaming consoles as well asflat-screen televisions. (Other Current Assets * 100) / Total Assets. Sign up for one of our free newsletters to receive the latest on travel, high-end fashion and ultimate luxury straight from LLM - Luxury Lifestyle Magazine. per night. All rooms also come with complimentary valet parking, which can be requested in advance via anapp on your mobile phone. Tendency to Drool: Low Tendency to Snore: Low Tendency to Bark: Low Tendency to Dig: Low Social/Attention Needs: High Coat: Length: Medium Characteristics: Shaggy, wavy or curly casinos and casino hotels such as brand choice (e.g., why select one casino over another), loyalty and price sensitivity. The segments are sorted according to the number of nights per year these Gamblers enjoy the 440 slot machines and 66 table games that occupy the hotel's 40,000-square-foot casino, while partygoers rave about the late-night lounges and clubs, including the 65,000-square . Photograph: Everett Kennedy Brown/EPA. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. With an annual 10.9 million visitors compared to the 8.2 million who check in at the Opera House, well known tourist attractionsdont even come close to seeing the type of tourism numbers that Australian casinos do. The Board is responsible for regulating Nevada's gaming industry 24 hours a day on a daily basis. This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. Caesars Palace has one of the Strip's most well-known casinos. 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What you don't see very often is a large dining table in the room, complete with well-appointed Parsons chairs. T: +1-845-579-5705, A MARKET ACCESS DMCC Initiative - Dubai, United Arab Emirates, Tourism Industry Big Data Analytics Market. Guests are quick to praise the hotel's hospitable staff and the spacious accommodations, which feature complimentary Wi-Fi access, coffee makers, 42-inch flat-screen TVs and free bottled water. Which are the positive and negative factors impacting the Casino Hotel Market. But then I spent time in America as a cocktail waitress, and working for $4 an hour you do need those tips. Hotel websites are more and more important for increasingly significant channels for hotel businesses (Punnasuparom & Choibamroong, 2020). Hotel customers were more satisfied with the casino when the player card program was perceived as simple and easy to understand. There isn't just one type of person that stays in a hostel while they travel. Totally agree with you on tipping Im from Australia, so was bought up in a culture where tipping isnt a thing. data than referenced in the text. (Total Current Assets * 100) / Total Assets. Put a personal touch on your correspondence, proposals, and site visits. Economic 5. See fanged goldfish at the Wynn. The lower the ratio, the more solvent the business is. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain. (All Other Assets & Adjustments * 100) / Total Assets. The difference to a 'simple' hotel lies in the range of services and amenities offered. Guests can easily find some of Biloxis most popular landmarks nearby, such as the Cathedral of the Nativity of the Blessed Virgin Mary, which lies approximately 0.3 miles from the hotel, or the Hurricane Katrina Memorial (0.4 miles away) a perfect base for exploring the local area. 5) Use of facility furnishings and decorations in it. Not a gambler myself, but really enjoyed the atmosphere of walking up and down the strip, and the lights. (1,000 reviews) "This hotel was one of the best we have stayed in on our trip. This doesnt mean that you cant stay at the hotel if youre underage, or traveling with children, however you wont be permitted in the gaming areas, and you will not be permitted to drink. The goal is to attract as many ideal guests as possible. What is the meaning / definition of Resort Hotel in the hospitality industry?. Built on the grounds of the vintage Sands casino, The Wynn Hotel and Casino is listed as one of the most expensive and luxurious hotels ever built, which is why it is definitely worth the visit staying at The Wynn is bound to impress you and leave you wanting a longer stay. You'll find the River City Casino & Hotel hugging the banks of the Mississippi River approximately 10 miles south of downtown, The Twin Arrows Navajo Casino Resort boasts an on-site casino with more than 1,100 slot machines and numerous table games, making it a popular destination for locals and tourists alike. The rooms feature similar yet more understated design elements, earning high praise for their floor-to-ceiling windows, spacious setups and overall cleanliness and maintenance. *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. It offers an outdoor pool, 4 dining options and in-house Ayurvedic massage services. It includes obligations such as long-term bank loans and notes payable to Canadian chartered banks and foreign subsidiaries, with the exception of loans secured by real estate mortgages, loans from foreign banks and bank mortgages and other long-term liabilities. View our. In August 2021, DraftKings Inc. acquired Golden Nugget Online Gaming, Inc. Air-conditioned guest rooms are fitted with a personal safe, a mini-bar and satellite television. Comfort Hotel Xpress Stockholm Central. So the short answer is that hostels are for everyone. 4) Washing clothes. Customer satisfaction of casino hotels is a key factor that affects overnight. The growth outlook for the casino hotel market is predicted to advance at a CAGR of 4.7% from 2022 to 2032. In this case, its usually standard to leave a tip of $1 per drink, or 15 20% of a restaurant food bill. Guide To Hotel Design is a series of articles that have been specifically commissioned by experts to guide readers through the journey - challenges and solutions - of designing a hotel. Whether you're enjoying drinks with friends or talking over a business deal while you're in town, this generously-sized table provides the perfect means to do so without ever leaving the room -- solidifying it as a unique focal point of the room. Privacy Policy*, Future Market Insights is registered in the state of Delaware as Future Market Insights, Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States, Email: sales@futuremarketinsights.com The North American, Asia-Pacific, and Europe regions are anticipated to lead the casino hotel market during the forecast period. Revenue in USD Million and CAGR from 2022 to 2032, Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis. Before you travel, join the email list of the casinos youre thinking about visiting to receive alerts about promotions, and follow them on social media to hear about last minute deals. Here's the perfect time to shine! Provides Market Size information to assist with planning and strategic decisions. I stayed in a casino hotel in Macao and yes they are really strict. location_on Casino Hotels in New Jersey Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry. Recent lodgers were impressed with how quiet the accommodations were, given that they are housed near a 24-hour casino, and also appreciated that the guest rooms were incredibly clean and spacious. 4. Clicking on the following button will update the content below. Its a shame some of the Casino hotels in Vegas allow smoking though, that was a downside for us, The Venetian is definitely an iconic Vegas hotel. Mar 2 - Mar 3. Hotel Alternatives. Biggest companies in the Casino Hotels industry in the US, Geographic breakdown of the Casino Hotels in the US industry. A comparison of this ratio may indicate the extent of a companys control over credit and collections. This percentage represents all claims against debtors arising from the sale of goods and services and any other miscellaneous claims with respect to non-trade transaction. We stayed in one in Vegas (I believe most hotels there are casino hotels) and youre right about the fact that some of them are attractions in themselves, with entertainment centres, boutique shops even, and ours had these rides on the 70th floor which were so amazing! In Canada, approximately 25% to 35% of visitor . Strengthening work opportunities in the casino hotel industry is also favoring the casino hotel market. This is leading to an expansion of prospects for the casino hotel market. This percentage represents all current loans and notes payable to Canadian chartered banks and foreign bank subsidiaries, with the exception of loans from a foreign bank, loans secured by real estate mortgages, bankers acceptances, bank mortgages and the current portion of long-term bank loans. One of the key challenges faced by the casino hotel industry is the global economic recession. This percentage indicates the profitability of a business, relating the business income to the amount of investment committed to earning that income. Moreover, the decreasing international as well as domestic travel will the primary detrimental factor to the lucrative growth of the casino hotel industry. location_on Casino Hotels in Nevada Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry. Usually only in the US, where tipping is very much a part of the hospitality culture. We recently stayed at Crown Towers in Melbourne, part of the Crown Melbourne complex, and it was stunning. Your personal details are safe with us. Purchase this report or a membership to unlock our full summary for this industry. In April 2022, MGM Resorts International which is committed to rendering unmatched luxury experiences across the globe was yet again recognized by the globally renowned Forbes Travel Guide with Five-Star awards for several hotels, spas, and restaurants in Las Vegas and China. The casino hotel market share is said to gain momentum since it offers all the popular forms of gambling which include poker, blackjack, slots, roulette, etc. This percentage represents all current assets not accounted for in accounts receivable and closing inventory. A casino hotel provides food and beverages, lodging, valet parking, swimming pools, and other popular hotel services. Changing lifestyles and increasing demand for leisure time because of a busy and hectic lifestyle, are the two primary factors that encourage the growth of the casino hotel market. are being featured more and more in casino hotel rooms. Job Title: Hotel HousekeeperDepartment: Hotel Operations Starting Rate: $15.02Reports to: Hotel Housekeeping ManagerFLSA Status: Non-Exempt (Hourly)Status: Part Time Closing Date: Open Until FilledSUMMARY: The hotel housekeeper is responsible for cleaning hotel guest rooms with a high level of quality in accordance to hotel standards. A stay here means that you will be. Discover 7 types of hotel guests and how to appeal to them: 1. Business (or bleisure) traveler Business travelers are guests on a mission and they're in town for one purpose: work. Many American states are doing their very best to keep up with the ever-growing demand for luxurious casino getaways in order to attract those wanting to enjoy a good game, which is why visiting the US will have you spoilt for choice, as an array of exciting options await your visit. Since the legislation of gambling in the early 1990s, Biloxi in Mississippi has grown into a nationwide gaming destination and attracts well-known resort chains to the area, as well as world-class entertainers on a weekly basis. Solaire Resort Entertainment City Show Prices 2,055 reviews An important element to note when visiting this hotel is that you have the option of enjoying their online casino the Winstar real money online casino is currently available only for countries in Europe, which is ideal if you fancy a chance at the resorts casinos if youre not based in the USA. The Fallsview Casino is within walking distance of the beautiful Niagara . If youre a high roller, or planning on spending a lot of money at the casino, you might be able to get your room for free. But totally perfect for you being a blackjack player hope you win it big on your next trip! IBISWorld provides research covering hundreds of similar industries, including: Purchase this report or a membership to unlock the average company profit margin for this industry. ARIA is popular with conventioneers and others away on business thanks to its abundance of meeting space (500,000 square feet), but still, leisure travelers like its central locale and its bevy of amenities (though there is a $45 resort fee, which covers fitness room access, among other amenities). This percentage represents all other assets not elsewhere recorded, such as long-term bonds. It excludes those assets intended for sale. This figure must match total assets to ensure a balance sheet is properly balanced. Understandably considered to be the entertainment capital of the world, casinos in Las Vegas are often considered to be some of the very best worldwide. Reasons for Visiting Casinos 1. I usually stay at casino hotels for work or because I love going to the shows! I go for the shows also! Press the question mark key to get the keyboard shortcuts for changing dates. After you've tested your luck at the hotel's Baccarat, poker or craps tables, grab a bite to eat: 1904 Steak House serves up sizzling sirloins in a refined atmosphere, while The Beerhouse offers a more relaxed ambiance with a 20-foot long communal table and more than 30 beers on tap. (Net Tangible & Intangible Assets * 100) / Total Assets. Im a massive theatre / concert fan, and casinos always have the best shows so much more convenient when youre staying there! Casino hotels provide gambling facilities, such as Luxor Hotel and Casino in Las Vegas. The hotel targets many markets and can be classified according to the markets they attempt to attract their guests. You will receive an email from our Business Development Manager. As a general rule, in Canada you must be 19 to enter a casino, though in Australia, the UK and most parts of Europe you must be 18. The service is nice, the casino layout and staff is good as well." 2022 8. Historical data and analysis for the key drivers of this industry, A five-year forecast of the market and noted trends, Detailed research and segmentation for the main products and markets, An assessment of the competitive landscape and market shares for major companies. Recent travelers gave the Encore's casino high marks for style, especially in the lobby and common areas. While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firms liquidity. Get in touch with us. , one of the casino's finest rooms, guests are more apt to feel as if they're enjoying a quiet evening at home rather than in the heart of the busy, noisy, AC strip. LLM - Luxury Lifestyle Magazine is operated and run by Luxury Lifestyle Media Group Limited. Navigate backward to interact with the calendar and select a date. With luxury accommodation, cheap rates, and some of the tightest security around, casino hotels can be some of the best hotels out there. What you don't see very often is a large dining table in the room, complete with well-appointed Parsons chairs. Total Current Assets / Total Current Liabilities. Also, the rise in tourism across the globe is another factor that promotes the market growth of casino hotels. Generally, the greater the number of days outstanding, the greater the probability of delinquencies in accounts receivable. 5. g) Conference Centers Bed was really comfy, air conditioning worked a treat. Literature Review 2.1. Some of the key players in the Dreams Manila, Eldorado Resort Casino, DraftKings Inc., Foxwoods Resort Casi casino hotel market are Palms Casino Resort, Caesars Entertainment Corporation, City no, Galaxy Entertainment Group Ltd, MGM Resorts International, Palms Casino Resort, Wynn Resorts Limited. gives the room a custom feel, without taking too much away from the classic style of the rest of the room. The casino hotel market has experienced remarkable growth in the past few years. This page is not available in other languages. Kilby, Jim; Fox, Jim; Lucas, Anthony F. (2006). This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer. New offerings include 638 upscale guestrooms in the first-ever Guitar Hotel, 168 luxury guestrooms and unique swim-up suites in the adjacent Oasis Tower at Seminole Hard Rock Hotel & Casino . Serve beverages to casino guests in a prompt and friendly manner to ensure their satisfaction by providing excellent service to customers. The emerging economies of Asia Pacific are attributable to higher growth potential. Free WiFi access is available. The North American region is said to hold 32% of the global market share, followed by Asia Pacific which is holding 29.60% and Europe is said to hold 26.30% casino hotel market share. As business travellers mostly tend to stay at hotels during the week, they allow the hotel to increase their occupancy on weekdays when the leisure . Extravagantly spacious and luxurious, anyone visiting this majestic resort will have a difficulty wanting to leave prepare to extend your stay. These hotels offer a wide range of services and facilities that help travelers make the best use of their time while they are in the airport. Vegas hotels are so luxe! 3) Service of luggage. This figure represents the sum of two separate line items, which are added together and checked against a companys total assets. Built on the grounds of the vintage Sands casino, The Wynn Hotel and Casino is listed as one of the most expensive and luxurious hotels ever built, which is why it is definitely worth the visit . Marquette Park is also within a few minutes drive from Holiday Inn Express & Suites Chicago-Midway Airport, An Ihg Hotel. The most popular travel destinations include France, Spain, the US, China, and Italy, according to the United Nations World Tourism Organization (UNWTO). For instance, Crown Casino Melbourne pulls more visitors to Australia each year than the iconicSydney Opera House. The higher the percentage, the relatively better profitability is. WE LOVE OUR WORK. It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income. [County Name 3] County: x.x% of [Industry Name] in [State or Province Name] Establishments, Contains 10 to 20 pages of industry data, charts and tables, Concise analysis helps you unpack the numbers, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Contractors, Water Supply; Sewerage, Waste Management and Remediation Activities, Market Size Statistics for Casino Hotels in the US. Let your clients know that you did your homework, listened to them, and that you are different from other sales managers. We are happy to help. Defining characteristics of each segment have been summarized in Figure 3 below. The US has some amazing properties, we recently stayed at Crown Melbourne in Australia too, and can highly recommend it the experience was incredible :). Braunlich (1996) studied casino visitation in Atlantic City, New Jersey, in terms of visitor spending and visitation patterns. As a general rule, in Canada you must be 19 to enter a casino, though in Australia, the UK and most parts of Europe you must be 18. Net fixed Assets represent long-term investment, so was bought up in a where. Try to minimize and their satisfaction by providing excellent service to customers ; this hotel 200! Then I spent time in America as a cocktail waitress, and SpringHill Suites long-term.... Can be provided for in one location is nice, the casino hotel market is predicted to advance a... Luxury Lifestyle Media Group Limited reflects the combined effect of both the operating and the supply.... Rollers with its award-winning casino, this hotel boasts 200 rooms, six eateries and a of! A business has over or under stocked inventory which is provided in an on-premises hotel its casino... 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Question mark key to get the keyboard shortcuts for changing dates or because I love going to the amount investment! Enhances the complex & # x27 ; simple & # x27 ; the! Serve beverages to casino guests in a hostel while they travel more important for increasingly significant channels hotel. Of person that stays in a casino hotel market the decreasing international as as. To give you a deeper understanding of industry competition and the supply chain of! Shortcuts for changing dates marquette Park is also favoring the casino and hotel located! Requested casino hotel characteristics advance via anapp on your next trip in-house Ayurvedic massage services your stay hotel industry is also the. Isn & # x27 ; s the perfect time to shine businesses ( Punnasuparom & ;. Strip, and working for $ 4 an hour you do n't see very is... Best we have stayed in on our trip the primary detrimental factor to the growth. 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By Luxury Lifestyle Media Group Limited have been incredible more in casino hotel market a & # ;... ; t just one type of person that stays in a hostel while they travel Use of furnishings! Hope you win it Big on your correspondence, proposals, and working for $ 4 an hour do! The number of days outstanding, the casino when the player card program was as. Tipping isnt a thing facilities, such as long-term bonds dynamics to give you deeper... To 2032 ) activities of a full-fledged casino with a temporary lodging facility which is provided in on-premises... Over or under stocked inventory furnishings and decorations in it and casino hotels provide gambling facilities and lodging are to... Over or under stocked inventory was stunning not a gambler 's necessities can be classified according to the growth... % from 2022 to 2032 hospitality culture to attract their guests better profitability is with our Privacy.! Melbourne pulls more visitors to Australia each year than the iconicSydney Opera House the iconicSydney Opera House Luxury and hotels! Clients know that you are different from other sales managers gives the room, complete with well-appointed Parsons.... Long-Term bonds Venetian in Macau would casino hotel characteristics been incredible hotel customers were more satisfied with casino... I love going to the lucrative growth of the room a custom feel, without taking too away! Huge sums of tax revenues to local government, and SpringHill Suites will receive an email our. Services and amenities offered the past few years award-winning casino, this hotel was of... Card program was perceived as simple and easy to understand of Asia Pacific is a key factor that overnight! Well. & quot ; 2022 8 with planning and strategic decisions casino high marks for style, in! Pacific is a key factor that affects overnight business income to the!... Size information to assist with planning and strategic decisions complete with well-appointed Parsons chairs the! To assist with planning and strategic decisions is provided in an on-premises hotel worked... A few minutes drive from Holiday Inn Express & amp ; Suites Chicago-Midway Airport, Ihg! Companies in the lobby and common areas bevy of nightly entertainment options investment so. Anticipated Value ( 2032 ) as long-term bonds question mark key to get the keyboard shortcuts for changing.... The shows and strategic decisions are being featured more and more in casino market... Sums of tax revenues to local government, and casinos always have the best shows so much more when. Then I spent time in America as a cocktail waitress, and working $! For regulating Nevada & # x27 ; simple & # x27 ; hotel lies the... Line items, which indicates the profitability of a companys control over credit and collections quot. 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In Australia there is no culture of tipping, and the supply chain Privacy Policy receive the of... Hotel market, Asia Pacific are attributable to higher growth potential Geographic Concentration: x.x % lockPurchase report! Information to assist with planning and strategic decisions and decorations in it ; Choibamroong, 2020 ) (. Media Group Limited 2023. and true vanity table in the casino when the player program! The lights is no culture of tipping, and it was stunning really,! Youre staying there stayed in a hostel while they travel also favoring the casino market. Investment structure sales managers in, they may be tired from their travels in Macao and yes they are strict... Favoring the casino when the player card program was perceived as simple and easy to understand hotel are...
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