While the purchase may not have been a mistake, you’re absolutely right about being mystified. Lots of those in the know in Vegas are scratching their head at the massive investment in the place. I like new things, so I’ll be happy to see it, but it’s a lot of money on a resort that’s unlikely to be able to achieve its former glory.
]]>It works for the Orleans. Get the tourists to fill up the rooms and give the locals comps to play the slots. People I have spoken to there were uncomfortable with the clientele so that is a big reason for the changes
]]>They paid $312.5M for the property, which is actually a pretty good deal. The website mentions a shuttle, although I’m not sure if that’s to the strip or elsewhere. They could position themselves as a strip adjacent property if they had a reliable shuttle and if they want to stand out, they could drop their resort fee and advertise the hell out of it.
The sale that mystifies me is Boyd Gaming paying $380M for Aliante.
]]>They’re going to have to either somehow get the “cool” factor back in that place (unlikely) and draw back the strip crowd or just go full video poker/buffet/rewards card retired locals resort like most of the rest of Stations. If that’s the case though you don’t need all those rooms, and you sure as hell don’t need the upkeep cost of all those rooms.
Think this might have been a misstep by Stations buying the place.
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