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FYI: Margaritaville
| June 8th, 2011 at 11:24:07 AM permalink | |
| s2dbaker Member since: Jun 10, 2010 Threads: 34 Posts: 1214 | http://www.marketwire.com/press-release/margaritaville-flamingo-announce-plans-open-margaritaville-casino-flamingo-fall-2011-1523635.htm Can Tobe Keith's casino be far behind? |
| June 8th, 2011 at 11:31:46 AM permalink | |
| DJTeddyBear Member since: Nov 2, 2009 Threads: 105 Posts: 5700 | What that "news" release doesn't tell you is that the steakhouse is closing, and this new casino using that space. I read about this a few days ago, I beleive in Anthony Curtis' Las Vegas Advisor. Superstitions are silly, childish, irrational rituals, born out of fear of the unknown.
But how much does it cost to knock on wood? |
| June 8th, 2011 at 11:35:22 AM permalink | |
| s2dbaker Member since: Jun 10, 2010 Threads: 34 Posts: 1214 | that area has been closed off since before the Superbowl. I Wonder why there was such a long delay to announce it. |
| August 17th, 2011 at 7:59:39 AM permalink | |
| pacomartin Member since: Jan 14, 2010 Threads: 544 Posts: 6192 | I wonder if this will spark a new trend in mini themed casinos. It may be thought of as a replacement for O'Sheas since they plan to tear down that building for Project Linq. Plans call for a 15,000-square-foot addition to the Flamingo's casino with 22 table games and 220 slot machines. Margaritaville, and the empty steakhouse are in the upper left.  Wine loved I deeply, dice dearly -Edgar, betrayed son of Gloucester in King Lear |
| August 17th, 2011 at 9:42:27 AM permalink | |
| ItsCalledSoccer Member since: Aug 30, 2010 Threads: 42 Posts: 734 | Wouldn't this just be another "party pit" like Pussycat Dolls, Playboy, etc.? |
| August 17th, 2011 at 8:59:41 PM permalink | |
| pacomartin Member since: Jan 14, 2010 Threads: 544 Posts: 6192 |
I don't think it is quite the same. The "party pits" have less of a celebrity brand on them. Jimmy Buffet is branding the casino like he does with his Margaritaville and numerous other celebrities do with their nightclubs. The impression I get is that he will have an ownership share. Possibly he can make management decisions like choosing the games and setting the return on the slot machines. The Wizard may have enough of a following that he could brand a relatively small casino like this (22 tables and 200+ slot machines). I think if he was allowed some freeplay in how to advertise the games, selection of the games, etc. that he could build a business. Wine loved I deeply, dice dearly -Edgar, betrayed son of Gloucester in King Lear |
| August 17th, 2011 at 11:55:05 PM permalink | |
| NicksGamingStuff Member since: Feb 2, 2010 Threads: 43 Posts: 631 | Hey this is a good idea, we should all pool our money together and open a casino with great games, % return on all the machines, and advertise it as the best place to play in Las Vegas. It could be a small place, but with the Wiz's following it would make a good amount of money. |
| August 18th, 2011 at 5:02:17 AM permalink | |
| Tiltpoul Member since: May 5, 2010 Threads: 28 Posts: 1133 |
I really kind of wonder if that would actually work profitably. We all say that it would be a great place to play, and no doubt it would be. However, it would almost have to be a zero frills, zero players club kind of place. While I think many casinos do cutback to an extreme measure, there is something to be said for getting drinks, a free meal, a nice room etc. I've often thought about a concept casino based on a similar premise, but you would have to generate HUGE traffic and have people betting a lot of money to come out ahead. If the 6-5 BJ games were really that bad for business, most strip casinos wouldn't have them all over with people playing them. [Profile updated... more to come] |
| August 18th, 2011 at 5:10:29 AM permalink | |
| Tiltpoul Member since: May 5, 2010 Threads: 28 Posts: 1133 |
I'm kind of surprised that Buffett went forward on the one project with Caesars given that another project with a different casino group (whom I've NEVER heard of) has emerged. Plus, it seems as though he pulled out the conversion of Grand in Biloxi. I read this before going to Vegas last month and was surprised when I saw work being completed on it. Has there been an opening date set? [Profile updated... more to come] |
| August 18th, 2011 at 5:22:47 AM permalink | |
| RonC Member since: Jan 18, 2010 Threads: 9 Posts: 371 | Jimmy Buffett has several things in the works. I think (but I don't know) that his main "investment" in each of the projects is the same...he is going to lend his "brand" to them and will profit from their use of the brand more than their use of his money. I doubt he ha a whole lot of actual capital in any of the three projects that I have heard about... Louisiana--mentioned in Paco's comment above Las Vegas--the subject of this thread Biloxi--originally, they were building an operation connected to the Grand. This was left unfinished and is a HUGE eyesore with no plans for completion or demolition as far as I know. I don't think Buffett pulled out first; I think the property lost financial backing from the money folks that were involved...when that happened, it was not a viable plan. Buffett could likely finance a billion or so; he COULD have finished the project but I just don't think he is the "money" part of ANY of these ideas in any substantial way. There was another project announced for Biloxi...in a different location. Here is a link I found to one story about it: http://concerttour.org/buffetts-biloxi-casino-plans-back-on-track.php Buffett is one savvy beach bum who has leveraged his brand and appears to have done it without investing a whole lot of his own cash in any one project. |
| Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |