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Vegas Casino Sale Megathread Vegas Casino Sale Megathread

12-22-2021 , 03:36 AM
Considering the scarcity and cost of materials, PLUS labor, I wouldn't expect any construction to begin for at least a few years.
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12-22-2021 , 11:02 PM
What is your few years over under?

Btw I know a CET casino that started a construction project less than six months after an event. This was mid COVID
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12-23-2021 , 03:03 AM
A huge project like they're talking about for Mirage?

Two years seems too short, so I'd put the number at 2.7 years. I'm not talking about piddly stuff, actual demolition to start.
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12-23-2021 , 08:00 AM
Quote:
Originally Posted by pig4bill
A huge project like they're talking about for Mirage?

Two years seems too short, so I'd put the number at 2.7 years. I'm not talking about piddly stuff, actual demolition to start.
They said there's not even a final decision made on demolition or remodel. That's most likely the reason why they can keep the name for 3 years.

If you want to bet on 2.7 years for them to start working on that guitar shaped thing, you might get some takers.

[There are huge construction projects happening all around the US right now. Where we live, they're in the middle of building a new airport terminal for roughly $2bln]
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12-23-2021 , 02:40 PM
Kinda forgot about this thread... Other things I've seen float around lately.

Lots of chatter about the Tropicana being sold and converted into a baseballs stadium for the A's. (This could just be a negotiation tactic to get Oakland to give in)

MGM resorts has hinted of a new property in the south corridor which would be Mandalay / Excalibur / Luxor area. It's also possible that Luxor and Excalibur could be demo'd.

The south corridor is related to additional traffic it's gotten from Allegiant Stadium. It's pretty bizarre to me that they're just now realizing that perhaps it wasn't the best idea to have two lowered tiered properties near a walkable NFL stadium. Not to mention the Mandalay Bay convention center also doubled in size 4-5 years ago.
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12-23-2021 , 05:21 PM
Quote:
Originally Posted by SenatorKevin
Lots of chatter about the Tropicana being sold and converted into a baseballs stadium for the A's. (This could just be a negotiation tactic to get Oakland to give in)
That also was the talk of the town about the Rio before it was sold.

If the city of Oakland is unwilling to spend a decent amount of public money on a new stadium project they'll relocate and Vegas seems to be the #1 destination. That public money part is extremely important not only to the A's but also to a bunch of other smaller market teams who are considering remodels or new stadiums.
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12-23-2021 , 10:40 PM
Quote:
Originally Posted by pig4bill
A huge project like they're talking about for Mirage?

Two years seems too short, so I'd put the number at 2.7 years. I'm not talking about piddly stuff, actual demolition to start.
Not that size but a new multistory construction of a new casino. Not a remodel but a new construction project.

2 would seem to be taken by “couple”. Typically minimum for few is 3. But if the clock starts when the deal closes and construction includes any associated demolition, I would take the under.

Also should Seminole decide no major construction is needed and they choose proceed as only a remodel then all is moot.
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12-24-2021 , 02:14 AM
Quote:
Originally Posted by SenatorKevin
Kinda forgot about this thread... Other things I've seen float around lately.

Lots of chatter about the Tropicana being sold and converted into a baseballs stadium for the A's. (This could just be a negotiation tactic to get Oakland to give in)
I can't see Oakland giving in. Both sides know the other is just bluffing. If Oakland didn't put forth much effort to keep the Raiders, which are much more a fan favorite in Oaktown, they aren't going to do anything for the A's.
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12-24-2021 , 01:05 PM
Quote:
Originally Posted by pig4bill
Both sides know the other is just bluffing.
I don't know the stance of A's ownership but the other small market team owners are certainly not bluffing. They want for the A's to get a new public money funded stadium in Oakland or for the team to relocate. And they want a decision on that ASAP because the Oakland situation basically creates a logjam for everybody else, most notably Tampa Bay. Worst possible outcome for those other owners would be a 100% privately funded new stadium in Oakland.

Even if the A's don't move to LV, there's a decent chance another team will in the next couple of years.
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12-24-2021 , 03:58 PM
Quote:
Originally Posted by madlex
That also was the talk of the town about the Rio before it was sold.

If the city of Oakland is unwilling to spend a decent amount of public money on a new stadium project they'll relocate and Vegas seems to be the #1 destination. That public money part is extremely important not only to the A's but also to a bunch of other smaller market teams who are considering remodels or new stadiums.
Well, that stadium better have a roof on it. Back when we would go to 51s games at Cashman, the son killed during day games.
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12-24-2021 , 04:58 PM
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Originally Posted by Gzesh
Well, that stadium better have a roof on it. Back when we would go to 51s games at Cashman, the son killed during day games.
The question isn’t if the stadium will have a roof but only if it’s a retractable one or domed.
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12-25-2021 , 12:38 PM
Quote:
Originally Posted by SenatorKevin

Lots of chatter about the Tropicana being sold and converted into a baseballs stadium for the A's.
this is exactly what I am hearing... is there conflict with airspace and stadiums? seems as though it might be a bit close to the airport.
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12-25-2021 , 01:45 PM
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Originally Posted by MSchu18
this is exactly what I am hearing... is there conflict with airspace and stadiums? seems as though it might be a bit close to the airport.
Generally speaking, the FAA wants buildings within 10k feet of an airport runway to be max 160ft tall. There's some drama right now about that in Arizona because the Phoenix Coyotes might want to build a new stadium in Tempe next to PHX. That said, according to Google, the current Tropicana stands 230ft tall with is pretty much the same height a roofed baseball stadium would be.

How far is it from Allegiant Stadium to the runway, maybe 5000ft beeline?

They probably couldn't replace the Thomas & Mack Center with a significantly higher building though. They are basically in the direction of the runways while the Tropicana isn't.
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12-26-2021 , 05:34 PM
interesting...
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12-26-2021 , 06:53 PM
The Palms seems officially on the verge of reopening finally. The giant LED boards outside the casino are now showing San Manuel Gaming advertising and "Opening Spring 2022". And they are hiring:

https://palmscareers.com/

so if u r looking for a casino job, seems like a good chance to get your foot in the door here.
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12-27-2021 , 09:56 AM
San Manuel (now Yaamava) is a great tribe to work for. They were the only casino in my area to keep and pay full benefits to us employees during 3 month lockdown, we still even got our bonuses the next year. Every other joint gave their people lay off notices right away.

We still haven't heard down the pipeline if table games is keep your own like we have in SoCal but dealing can be 100k+ job. Just wanted to add my 2 cents and advocate for working there if someone is looking.
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12-27-2021 , 10:43 AM
I wonder if they reinstate the poker room...
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12-27-2021 , 12:06 PM
Quote:
Originally Posted by madlex
Generally speaking, the FAA wants buildings within 10k feet of an airport runway to be max 160ft tall. There's some drama right now about that in Arizona because the Phoenix Coyotes might want to build a new stadium in Tempe next to PHX. That said, according to Google, the current Tropicana stands 230ft tall with is pretty much the same height a roofed baseball stadium would be.

How far is it from Allegiant Stadium to the runway, maybe 5000ft beeline?

They probably couldn't replace the Thomas & Mack Center with a significantly higher building though. They are basically in the direction of the runways while the Tropicana isn't.
A long time ago, I represented a local casino in takings litigation over regulation of building heights within a certain distance of the end of runways at MacCarran, now Harry Reid International.

What matters is how far from the END of the runway you are located. (My favorite exception was the one for cemeteries and golf courses......

I do not recall the Trop being at the business end of a runway, someone look at a map, maybe ?
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12-27-2021 , 12:56 PM
Quote:
Originally Posted by Gzesh
I do not recall the Trop being at the business end of a runway, someone look at a map, maybe ?
Pretty easy to see on Google Earth, the Trop tower is nowhere near the glide path of any runway. It is about 2000 ft west of the closest runway but parallel to it.
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12-29-2021 , 06:59 PM
I keep forgetting that the Palms is still closed. Talk about terrible mismanagement of that property.
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12-29-2021 , 07:16 PM
Quote:
Originally Posted by MSchu18
this is exactly what I am hearing... is there conflict with airspace and stadiums? seems as though it might be a bit close to the airport.

So that's why SoFi Stadium (in Los Angeles) is built below ground level, because the building would have been too tall and apparently "interfered" with LAX.

I don't think Tropicana is directly under the flight paths though??
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12-29-2021 , 07:20 PM
Yeah, but what are the ground rules on a pop-up hitting a plane? Like the catwalk at Tropicana Field (oddly enough), it's still in play?
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12-29-2021 , 08:15 PM
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Originally Posted by compuease
Pretty easy to see on Google Earth, the Trop tower is nowhere near the glide path of any runway. It is about 2000 ft west of the closest runway but parallel to it.
(I was pretty sure of that , because my casino client was at the business end of the runway, that angled NE/SW, where Town Square now sits. I was just unmotivated to check. Thanks.)

Fwiw, the reason that Billy Walters could put the Bali Hai golf course directly west of one runway is that there was a carve-out for golf courses.
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12-30-2021 , 04:30 PM
Quote:
Originally Posted by MSchu18
I wonder if they reinstate the poker room...
Possible, but unlikely IMO as San Manuel/Yaamava closed their California poker room over a year ago.
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12-30-2021 , 07:36 PM
Speaking of Bali Hai... This got circulated around yesterday:

https://en.clubpoker.net/will-mgm-bu...h-strip/n-1594

This... doesn't make a lot of sense to me given the location. Build it on-top of Luxor and Excalibur? Sure.
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