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renaming the Imperial Palace

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August 19th, 2011 at 11:56:07 AM permalink
teddys
Member since: Nov 14, 2009
Threads: 100
Posts: 2722
Quote: heather
If they're giving it a facelift, I would love to see an actual casino with a faux-East-Asian theme.
The are no casinos in North America with a good, well-realized East Asian theme. We have France, Italy, Classical Greece/Rome, and the Tropics on the Strip. East Asia would seem like the next logical place to turn. Some casinos in Atlantic City and Chicago have nice Asian gaming areas with noodle bars, but it doesn't extend to the whole casino.

A great idea would be to try and recreate the Imperial Hotel in Tokyo, one of Frank Lloyd Wright's lost masterpieces.
"If you can make one heap of all your winnings / And risk it on one turn of pitch-and-toss / And lose, and start again at your beginnings / And never breathe a word about your loss..." -Rudyard Kipling
August 19th, 2011 at 12:56:08 PM permalink
DJTeddyBear
Member since: Nov 2, 2009
Threads: 105
Posts: 5702
Quote: 7outlineaway
Imperial Crapshack?
Hey! That was my idea:
Quote: DJTeddyBear
My immediate response was "Center Strip Shithole." (And I'm gonna be staying there for G2E!)
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood?
August 19th, 2011 at 2:12:06 PM permalink
Tiltpoul
Member since: May 5, 2010
Threads: 28
Posts: 1133
Quote: teddys
The are no casinos in North America with a good, well-realized East Asian theme. We have France, Italy, Classical Greece/Rome, and the Tropics on the Strip. East Asia would seem like the next logical place to turn. Some casinos in Atlantic City and Chicago have nice Asian gaming areas with noodle bars, but it doesn't extend to the whole casino.

A great idea would be to try and recreate the Imperial Hotel in Tokyo, one of Frank Lloyd Wright's lost masterpieces.


In another thread I actually posted how if Fontainebleu had ever been completed how it may have saved the Sahara. I stated that the Sahara would have probably had to undergo another renovation, and that an Asian themed casino would work well with Echelon and Fontainebleu in a way to get customers away from what would have been a higher end property.
[Profile updated... more to come]
August 25th, 2011 at 8:30:49 AM permalink
reno
Member since: Jan 20, 2010
Threads: 75
Posts: 240
Caesars' budget for demolishing O'Shea's, remodeling the Imperial Palace, and building Linq is $500 million. Considering the size and ambition of Linq, and the dilapidated condition of Imperial Palace's 2,600 rooms, I'm skeptical. Either the actual cost will balloon well beyond the projected $500 million, or Linq won't be nearly as grand as Caesars would have us think. Am I being too pessimistic?
August 25th, 2011 at 9:07:35 AM permalink
Tiltpoul
Member since: May 5, 2010
Threads: 28
Posts: 1133
Quote: reno
Caesars' budget for demolishing O'Shea's, remodeling the Imperial Palace, and building Linq is $500 million. Considering the size and ambition of Linq, and the dilapidated condition of Imperial Palace's 2,600 rooms, I'm skeptical. Either the actual cost will balloon well beyond the projected $500 million, or Linq won't be nearly as grand as Caesars would have us think. Am I being too pessimistic?


Given how much most hotels cost to build these days in Vegas (upwards of a BILLION dollars), I don't think you're being pessimistic at all. This indicates: 1) The IP is not going to get THAT much remodeling, maybe rework the entrance so it's not nearly as awkward and really place it up on the Strip. 2) Project Linq is not going to include a revamping of any other property, which I would argue Flamingo, Harrah's and Bally's are all in SERIOUS need of some upgrading (The first two especially).

I know that City Center was developed from the ground up, but I can't imagine being able to successfully pull the project off without at least a 1.5b dollar budget.
[Profile updated... more to come]
August 25th, 2011 at 3:48:25 PM permalink
pacomartin
Member since: Jan 14, 2010
Threads: 544
Posts: 6192
Quote: reno
Caesars' budget for demolishing O'Shea's, remodeling the Imperial Palace, and building Linq is $500 million. Considering the size and ambition of Linq, and the dilapidated condition of Imperial Palace's 2,600 rooms, I'm skeptical. Either the actual cost will balloon well beyond the projected $500 million, or Linq won't be nearly as grand as Caesars would have us think. Am I being too pessimistic?


I think that "Linq won't be nearly as grand as Caesars would have us think". The budget for Tropicana was $180 million. Project Linq involves the tear down of O'Sheas, the construction of the ferris wheel, the construction of the new restaurants, and the renovation of the public spaces and the rooms.

The Golden Nugget dropped hundreds of millions of dollars to vastly improve their property, only to see revenue temporarily jump and then flatten out. At one point I calculated the property was making more money in 2000 when MGM bought it from Wynn.

I also don't think people will want to spend much time in a 60 yard gap between two big buildings. People want to see the strip. Ceasars has that whole section in front of Bally's that is 90 yards wide. They should build decks there so people can wander around outside and watch the fountains at the Bellagio. I think that would be $500 million that will pay off in the long run.

People stay at the IP because it is cheap. They are not going to be as interested if you get the same basic room at 50% increase.
Wine loved I deeply, dice dearly -Edgar, betrayed son of Gloucester in King Lear
August 25th, 2011 at 3:55:48 PM permalink
7outlineaway
Member since: Nov 13, 2009
Threads: 9
Posts: 276
Quote: pacomartin
People stay at the IP because anyone who has played at a CET casino in the past year gets comped there.


fixed
October 10th, 2011 at 5:03:07 AM permalink
DJTeddyBear
Member since: Nov 2, 2009
Threads: 105
Posts: 5702
There were a couple interesting points about both wheels, mentioned in today's QoD on Anthony Curtis' site.

I don't want to copy the whole thing because of copyrights, but the key points are:

Quote: QoD
The Las Vegas High Roller, will be a 550-foot-tall Ferris wheel. For $20 or less, you can be one of 40 passengers in any of the High Roller’s 28 globe-shaped gondolas (standing room only). Your ride will take 30-40 minutes.

The rival wheel, called Skyvue, set for a height of 476 feet, calls for 40 gondolas carrying 25 passengers each.

(As with the High Roller, the idea is to get groups to rent them out so they can have catered parties in the sky.)



The High Roller would be tucked behind the Imperial Palace (which will shortly have to be renamed, the rights to its trademark having expired).

So that's why IP will be getting a new name.


But the catered parties idea shocked me. Really? Catered parties?

Then I checked and found London Eye Afternoon Tea, under the heading "Corportate functions". It doesn't sound like a bad idea.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood?
October 10th, 2011 at 5:23:16 AM permalink
pacomartin
Member since: Jan 14, 2010
Threads: 544
Posts: 6192
Quote: DJTeddyBear
Then I checked and found London Eye Afternoon Tea, under the heading "Corportate functions". It doesn't sound like a bad idea.


The London Eye costs £56.28 for a family of four, and £45.60 if you pre-book your ticket.

The "afternoon tea" for 20 people is £23 + £18 for tea and sandwiches per person. That is nearly the price for the family (without food). That is very expensive and only people who are organizing corporate functions would pay that kind of money. But the London Eye offers spectacular views of one of the great cities of the world. Do you really think that the corporations who hold conventions in Las Vegas will pay similar kinds of prices for the view of the back of the strip?
Wine loved I deeply, dice dearly -Edgar, betrayed son of Gloucester in King Lear
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Bovada is the only Internet casino endorsed by the Wizard.
Here are my reasons why and my promise of support.