pacomartin
pacomartin
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January 14th, 2010 at 4:36:34 PM permalink
This is one of the most bare bones casinos I have ever seen. Coffee shop, buffet, minimal fast food, slot machines and a small pit with maybe 12 tables. Only one table is devoted to Pai-Gow poker for some variation from the craps/roulette/blackjack. No specialty restaurants (not even Mexican). What is surprising is that the gaming revenue here is higher than at Hard Rock Casino. No kidding!
FleaStiff
FleaStiff
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February 9th, 2010 at 6:53:44 PM permalink
Quote: pacomartin

This is one of the most bare bones casinos I have ever seen.

Precisely. Frills are not always valued. Anyone who wants a nightclub will go elsewhere. Retirees find it convenient to get to, convenient to park and it gives them what they want and no more than what they want. Its a good business model though not necessarily applicable to a casino on some fifty million dollar an acre parcel on the strip. Those who sell plain vanilla and nothing but plain vanilla often do very well.
pacomartin
pacomartin
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February 9th, 2010 at 7:17:42 PM permalink
Quote: FleaStiff

Frills are not always valued.


Interesting. So why are casinos falling all over themselves by adding Japanese cuisine, Chinese restuarants, Irish pubs, Oyster bars, etc. This place rakes in more gambling income than Hard Rock Casino, and it just barely has table games.
Wizard
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Wizard 
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February 9th, 2010 at 8:01:52 PM permalink
Arizona Charlie's is the kind of casino you go to if you're living on a Social Security check. The limits are very low and everything is dirt cheap. No frills at all. I had a hard time thinking of things to take pictures of when I was there with Lisa. As a bit of trivia, I'm told it is the only casino within easy walking distance of a synagogue, should you be required to walk to one.
It's not whether you win or lose; it's whether or not you had a good bet.
teddys
teddys
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February 9th, 2010 at 8:11:03 PM permalink
Quote: Wizard

As a bit of trivia, I'm told it is the only casino within easy walking distance of a synagogue, should you be required to walk to one.



ROTFLMAO. Sorry, Wizard, but that was unintentionally hilarious. Anyone who is required to walk to synagogue should not be gambling on the Sabbath anyway!

>Maybe there is a bracha for craps players?< :)
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
FleaStiff
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February 9th, 2010 at 8:25:50 PM permalink
Quote: pacomartin

Quote: FleaStiff

Frills are not always valued.


Interesting. So why are casinos falling all over themselves by adding Japanese cuisine, Chinese restuarants, Irish pubs, Oyster bars, etc. This place rakes in more gambling income than Hard Rock Casino, and it just barely has table games.


Sort of a Slots o' Fun but not on the strip. It gets retired locals.
I've often wondered if what I've referred to as Frills really adds all that much. It adds perhaps to "the experience" but there are alot of people who don't value "the experience". Some people go to a gym to work out, they do not go to a trendy health-club to "have an experience". Its sort of the "I don't 'do lunch', I eat lunch!" type crowd. Casinos compete. They want to distinguish themselves in the market place. Surely Asian Cuisine brings in some Asians and some culinarily adventuresome non-Asians but for some retirees "culinary adventure" means a new brand of ketchup on their fries. Night clubs, pool parties, Irish bars... the younger crowd goes for it. Many women come to Vegas for the shopping and the shows, many of the younger set come for the pheremone-filled club scene, there are profits to be made from Frills of various types but there are also profits to be made catering to those who stick with the same ketchup.
There is nothing exotic about Bingo... but it brings in retirees with social security checks that get fed into slot machines during the non-Bingo even hours. Bingo players don't want Oyster Bars, they want coffee and donuts (and booze).
pacomartin
pacomartin
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February 9th, 2010 at 8:53:20 PM permalink
Quote: Wizard

Arizona Charlie's is the kind of casino you go to if you're living on a Social Security check. The limits are very low and everything is dirt cheap. No frills at all. I had a hard time thinking of things to take pictures of when I was there with Lisa. As a bit of trivia, I'm told it is the only casino within easy walking distance of a synagogue, should you be required to walk to one.



Interesting trivia, most of the Synagogues are in much wealthier sections of town. Midbar Kodesh is a long walk from Green Valley Ranch, but it doable. But more specifically there are a dozen places of worship within easy walking distance of Arizona Charlie's.

As to the business model, this place was a bowling alley when it was built in 1963 a few years before Howard Hughes came to Vegas and the population of Clark County was roughly 150K. They kept adding slot machines until they finally tore out the bowling alley and made it solely a casino. Eventually the Becker family (long time Vegas developers) lost the casino to corporate raider Carl Icahn and he was sold to Goldman Sachs about two years ago. It is an older modest neighborhood of Las Vegas. The hotel has 258 rooms.

Now they have 1240 Slot machines, Bingo, Keno, Craps, Roulette, Sports, Race and 11 Blackjack tables, and 1 exotic Pai Gow Poker table that sort of acknowledges that they are 2.5 miles from Chinatown.

But their gaming revenue is relatively high, and patrons don't drive a few miles to find a casino with more offerings. It makes you wonder what the actual potential is for gaming around the country. There must be 100,000 neighborhoods like this around the country, but they will probably never be zoned for a casino.

===============
To use another business comparison, the San Remo Casino was making a modest $33M Net revenue from all sources in 2004 a few hundred yards from Tropicana and Las Vegas Blvd (one of the busiest crossroads in the world). But it was profitable.

Hooters bought the place for $74M and dumped at least $130M in for improvements including 5 places to eat and a showroom. They have 700 rooms (much more than Arizona Charlie's Decatur). By 2006 they managed to get net revenue up to $68M and it has been plunging since then. Hooters peaked gaming revenue in FY2008 at $25M (compared to over $72M at AZ Charlie's Decatur). Now with the depression Hooters made only $13.9M in gaming revenue for the first 9 months of 2009. Total net revenue will probably not break $48M for 2009.

If I'm losing you with numbers, Hooters is doing reasonably well at selling hotel rooms and beer and chicken wings and Hooters stuff, but the gaming revenues are extremely low compared to this neighborhood casino. Considering the debt they occurred, Hooters has consistently lost money for the last five years.

Makes you wonder about the MBA's vs. the old guys in polyester suits.
FleaStiff
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February 10th, 2010 at 4:58:03 AM permalink
Quote: pacomartin

Makes you wonder about the MBA's vs. the old guys in polyester suits.

Yes. At times the MBAs do seem to be too sharp with their calculators and not sharp enough with common sense. I'm told that Hooters did a rather slapdash job of refurbishing the San Remo, it may have been expensive but it wasn't much more than a good scrubbing and some fresh paint would have done. What did Hooters think was going to be happening? Hordes of drunken frat rats flocking there to see tits? Drunken frat rats don't have that much money and if they do they go elsewhere for more and better than some middle-aged dealer wearing an orange outfit. The place sells burgers and chicken wings with gambling as a frill. What more was it ever going to do? Just look at that 100/200 in free play promotion: Trek here, play a machine that offers you zilch for free and then stay here and play in the real casino because you are too tired to trek anywhere else. Hardly the basis for great wealth...unless you are a whiz-kid MBA with a calculator.
AZDuffman
AZDuffman
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February 10th, 2010 at 7:23:59 AM permalink
Quote: pacomartin

This is one of the most bare bones casinos I have ever seen. Coffee shop, buffet, minimal fast food, slot machines and a small pit with maybe 12 tables. Only one table is devoted to Pai-Gow poker for some variation from the craps/roulette/blackjack. No specialty restaurants (not even Mexican). What is surprising is that the gaming revenue here is higher than at Hard Rock Casino. No kidding!



For those who don't know, where is this located? I will always prefer a place with good rules and reasonable limits to a place where I can play near a fake Empire State Building but have neither.

I keep saying the more "flash" they put in the resorts the more the real "gamblers" will play elsewhere.

BTW: I know enough to play BJ at Slots-O-Fun then go to Bellagio for the buffet. Once a coworker and I went to Vegas for Christmas as neither of us had family in the Mountain Time Zone nor anyplace better to go. The guy was amazed I showed him a $1 Shrimp Cocktail and $100 Hamburger in the same afternoon!
Tolerance is the virtue of believing in nothing
pacomartin
pacomartin
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February 10th, 2010 at 7:11:14 PM permalink
Quote: AZDuffman

For those who don't know, where is this located?



From Las Vegas Blvd headed north turn left on Spring Mountain Rd. directly between Treasure Island and Fashion Show Mall. Proceed west for 2.2 miles right underneath I15 and directly into Chinatown. Pass Pho So vietnamese stew. When you see Hot 'N Juicy Crawfish make a right on Decatur Blvd and proceed north for 2.6 miles. You will see it on the left.

Decatur Blvd is the inexpensive ethnic cuisine and fast food Blvd of Vegas. In addition to china-town you will pass Chapala's Mexican , Mary's Hash House , and Aloha Kitchen .

And next to the synagogue that the Wizard mentioned earlier is Flex, a gay stripper bar on 4371 West Charleston Boulevard, Las Vegas, NV 89102-1603. Like I said it is a very eclectic neighborhood.
Last edited by: pacomartin on Feb 11, 2010

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