Quote:
Originally Posted by VegasMatt
If I was MGM, I’d build a fifty foot clown
on Circus Circus
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The obnoxious neon clown out front is already 125 feet tall.
Circus Circus is a nickel and dime cow. Sure, MGM makes a profit off of Circus Circus, because they practically got if for free in the Mandalay Resorts deal. A handful of baccarat tables at Bellagio probably have higher revenue than Circus Circus's entire casino drop. I can't find exact figures on Circus Circus's revenue, anybody have the break down on MGM's properties? Seems MGM's nicer properties get two to three times higher average prices for rooms on normal nights than Circus Circus does on its busiest nights, do the math. Even though Circus Circus shows a profit, I think they are losing money compared to what they could do on that property.
I say build cheap stuff south of the airport and make the entire Strip high class.
Quote:
Originally Posted by BruceH
MGM with its new partners could very well take the CC fun to another level on North Strip. Just like in Dubai, consider having an indoor ski slope, a high end zoo, an indoor golf course, botanical gardens and a new Cirque show.
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Las Vegas Wet is already planning all that stuff on 200 acres with several themed "
Lands", even indoor snow skiing, SOUTH of the airport on Las Vegas Blvd. The cheap places on the Strip won't be able to compete with some of the theme park stuff that is going to be built to the south. I really think McCarran airport will be the dividing line in the future for Vegas's high budget and low budget visitors. Station Casinos also owns a big chunk of land just south of South Point.
I also heard that the county is seriously considering accelerating development of the Ivanpah airport because McCarran is maxing out much faster than expected. They're almost half way through the Environmental Impact Study already. And of course they are talking of some sort of public transport rail system from Ivanpah International, which will stop at major resorts, obviously hitting the ones south of McCarran first. Las Vegas Blvd already extends all the way to Jean. Also, MGM is developing a major subdivision in Jean.