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Old 07-05-2012, 03:51 PM
 
Location: The Valley of the Sun
4,623 posts, read 2,971,000 times
Reputation: 2966
Quote:
Originally Posted by m73m95 View Post
Oh no, you're talking to the wrong dude.

My car is circa 1985 (I was born in 1981). No loans, no payments, 30mpg. Thus my post on the Sahara, and IP. I love(ed) those places because of the nostalgia. They're old and worn...but they are from the time when Vegas was VEGAS! The Rat Pack, Don Rickles. When the shows were free, and the rooms were cheap.


Now, if I had puked in my back seat, and used the trunk for a toilet...then you could compare my old car to Circus Circus.
The next property that is built really needs to be "retro." Make it look like the grand atomic age of Vegas. I think that would really appeal to a lot of people that are sick of vanilla properties like Wynn.
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Old 07-05-2012, 03:58 PM
 
801 posts, read 716,635 times
Reputation: 1495
Circus Circus is such a dump. It's a dump that's on the level of Sam Boy Stadium and Cashman Field. In fact, I believe that they should combine to form the Trifecta of Suck.

But, as much as a dump as it is, it does have a target audience and it fulfills that quite well. With how well the place attracts the younger crowd, I don't see it going away any time soon.
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Old 07-05-2012, 06:53 PM
 
621 posts, read 534,706 times
Reputation: 497
What could be put in its place? Where would that clientele then go? Would people go there in droves if it was off strip, or way off strip on say boulder hwy?
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Old 07-06-2012, 10:04 AM
 
85 posts, read 115,238 times
Reputation: 86
CC is ghetto and a lot of the problem is the people the casino attracts. Just lowest level of Las Vegas resident or visitor. Everyone knows this and that is why I think most avoid CC. Our kids love the rides, but we won't stay, gamble or even eat there because it just isn't nice. They don't need to level and start over, but to update the entire property. Update the sign in front ( I know, it's a icon, but so was the Sahara sign and look where they're at ) add better lighting to the parking garage, clean the place from top to bottom, stop whatever is attracting the less than great visitor and start going after the middle class family with kids. All people want is a clean, safe and nice place to stay and have fun at in Vegas. They can hire professionals who know how to turn the property around, attract the right customer and make it popular again. It seems they just let the property go and like anything you let go to crap, that attracts the low end of the scale visitor.
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Old 07-06-2012, 10:10 AM
 
3,713 posts, read 2,019,733 times
Reputation: 1852
One of the reasons that Circus^2 won't go anywhere in the near (or now even far future) is that there is so much available empty land in the north strip area. Why bother tearing down a cash cow (which I'm sure that C^2 is) when, if you have the money to build a new casino resort, you could buy any number of clear lots, or lots with unfinished properties on them, which you could either finish, or demolish and redo without losing the revenue of an operating property?
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Old 07-06-2012, 11:17 AM
 
56 posts, read 51,601 times
Reputation: 55
Circus Circus is not going anywhere soon because IT IS PAID FOR, FREE AND CLEAR! Plus is does cater to the heartland of America where the thought of just coming to Las Vegas is a once in a lifetime experience, so who cares if the hotel is a little rundown, they paid $29.95 per night. I do agree, however, that it's time to re-invest some of that capital into upgrading the establishment.
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Old 07-06-2012, 11:25 AM
 
3,713 posts, read 2,019,733 times
Reputation: 1852
Actually it's the other way around. The company that owns it MGM Mirage, is up to it's neck (and maybe higher) in debt. They have neither the free cash or the ability to float more debt to pay for redeveloping property, nor do the market conditions call for investing the vast amount of money to do so. What they need to do is grind down the debt they have. Using the free cash CC spins off, or possibly selling it, would help them do that.

Quote:
Originally Posted by tbarreto View Post
Circus Circus is not going anywhere soon because IT IS PAID FOR, FREE AND CLEAR!
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Old 07-06-2012, 11:34 AM
 
2,011 posts, read 1,720,831 times
Reputation: 885
circus circus is the money baby!
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Old 07-06-2012, 12:09 PM
 
579 posts, read 332,724 times
Reputation: 371
Quote:
Originally Posted by BBMW View Post
Actually it's the other way around. The company that owns it MGM Mirage, is up to it's neck (and maybe higher) in debt. They have neither the free cash or the ability to float more debt to pay for redeveloping property, nor do the market conditions call for investing the vast amount of money to do so. What they need to do is grind down the debt they have. Using the free cash CC spins off, or possibly selling it, would help them do that.
MGM is about $12 billion on debt but the property itself has no liens (unless MGM sought BK then all bets are off) so technically both of you are correct. There is no incentive to invest in the property at the current time for the reasons given here.
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Old 07-06-2012, 02:23 PM
 
3,713 posts, read 2,019,733 times
Reputation: 1852
It needs to be run the way Bill Bennett ran it, back in the day. Until the company went public, no one had any idea how profitable it really was.

There's money in them thar grind joints!!!
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