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Old 05-03-2012, 10:21 AM
 
700 posts, read 1,329,539 times
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Quote:
Originally Posted by LVPoker1 View Post
Even during the boom MGM was clear that they had no intention of imploding Circus Circus. It offered them a great return and a unique product.
It is successful for sure, but redo the Sahara (raname and rebrand it) and get the Echelon and FB going and that end of the strip would be ripe for gentrification. The stratospere is not that bad and quite a good tourist attraction but it gets a bad rap because of its location on the "strip". I would love to see that end get a makeover. Yeh have to wonder though if there is enough wealth to go around. If that end of the strip became nice, would the south end with Excalibur, NYNY and Luxor become old hat? They seem a bit cheesy already.
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Old 05-03-2012, 10:34 AM
 
9,480 posts, read 12,290,797 times
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Quote:
Originally Posted by demoknite View Post
It is successful for sure, but redo the Sahara (raname and rebrand it) and get the Echelon and FB going and that end of the strip would be ripe for gentrification. The stratospere is not that bad and quite a good tourist attraction but it gets a bad rap because of its location on the "strip". I would love to see that end get a makeover. Yeh have to wonder though if there is enough wealth to go around. If that end of the strip became nice, would the south end with Excalibur, NYNY and Luxor become old hat? They seem a bit cheesy already.
Excalibur just looks so out of place, like a giant cartoon. Also ugly, IMO.
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Old 05-03-2012, 11:19 AM
 
Location: Home!
9,376 posts, read 11,944,570 times
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I am a huge fan of cheesy Las Vegas, but I don't care for the Excalibur either. I LOVE the 60s Las Vegas and one day I bet they bring the look back. I also like the vibe on Fremont because of that. But, I know there are those who enjoy the big, fancy buildings. My brother absolutely loved City Center. More than any of the other ones, but Bellagio and Caesars ran close.
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Old 05-03-2012, 11:32 AM
 
Location: Sunrise
10,864 posts, read 16,990,912 times
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Quote:
Originally Posted by demoknite View Post
If that end of the strip became nice, would the south end with Excalibur, NYNY and Luxor become old hat? They seem a bit cheesy already.
I think they're already old hat. That block looks like a really bad "C" movie set. They can blow up the Tropicana while they're at it. Nobody will miss it.

Problem is, with the current corporate leadership, if they blew up the Trop, they'd pick another area of the world to rip off. I imagine they'd replace it with something like China Lucky East Wind 888 Dragon Resort.
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Old 05-03-2012, 11:35 AM
 
285 posts, read 785,165 times
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The apples to apples comparison is measuring EBITDA accross properties. This takes the debt service expense out of the equasion. I'm not sure how Circus Circus compares to places like Cosmo and City Center in that regard.

It would appear that most of the City Center and MGM stockholders don't agree with the posters here as they have not yet ousted the driver of how City Center was developed - the current CEO Jim Murren. He and his wife came from Wall Street and wanted to teach us hay seeds a thing or two about Casino development.
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Old 05-03-2012, 12:49 PM
 
6,385 posts, read 11,882,881 times
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Quote:
Originally Posted by dano View Post
The apples to apples comparison is measuring EBITDA accross properties. This takes the debt service expense out of the equasion. I'm not sure how Circus Circus compares to places like Cosmo and City Center in that regard.
It does and doesnt work. Bellagio generates a ton of EBITDA, but cost to build has to be considered. Otherwise its like comparing rental income for a 50 year old house you have paid off against the rent you could get from the new house you bought a year ago.

In this particular situation Circus Circus generated just $23M in EBITDA for 2011, Bellagio generated $302M. How do you make a comparison of these two?
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Old 05-03-2012, 01:01 PM
 
1,111 posts, read 1,324,354 times
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Quote:
Originally Posted by kimba01 View Post
I am a huge fan of cheesy Las Vegas, but I don't care for the Excalibur either. I LOVE the 60s Las Vegas and one day I bet they bring the look back. I also like the vibe on Fremont because of that. But, I know there are those who enjoy the big, fancy buildings. My brother absolutely loved City Center. More than any of the other ones, but Bellagio and Caesars ran close.
Just my opinion but I think Vegas is big enough to cover all bases. I love the classic look/feel of Fremont, my wife prefers the big resorts on the Blvd, especially the themed ones (Paris, NYNY, Venetian, etc) Neither of us are too enthralled with the office building looking ones, but I think a couple of those on the strip (as long as the themed and "classic Vegas" ones are still being built) will attract some people, especially as tourism numbers continue to go up.

Also, it looks like I am in the minority but I hope they don't get rid of Circus, Circus. Yes, it's creepy. And it looks old and wore down. But I love that it has looked the exact same for so many years.
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Old 05-03-2012, 01:15 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,493,779 times
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It don't matter much...one day, probably in our lifetime, any casino built prior to the 1990's will be imploded. It's just the way it has always gone.
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Old 05-03-2012, 03:02 PM
 
Location: Las Vegas
542 posts, read 986,374 times
Reputation: 375
I'm to the point now, that I don't care what they build, or where they got the money to do it.

This has been going on for nearly 4 years. The rest of the country has picked back up. Its time for Vegas to put people back to work.

If they want to build a 60 story casino out of puppy pelts, with money stolen from St. Jude's childrens cancer charity, I'd be grabbing my hard hat, and headed toward the strip. ( have a sense of humor!....)
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Old 05-03-2012, 05:37 PM
 
2,724 posts, read 4,763,331 times
Reputation: 1042
Quote:
Originally Posted by dano View Post
The apples to apples comparison is measuring EBITDA accross properties. This takes the debt service expense out of the equasion. I'm not sure how Circus Circus compares to places like Cosmo and City Center in that regard.
"MGM Resorts International on Thursday reported a wider first-quarter loss than a year ago" ($217.3 million)

MGM loss up in 1st quarter, despite jump in revenue - VEGAS INC

"Despite this, business trends are looking up, MGM Resorts officials said."
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