The over $72 million per year Casinos in Nevada

Quote: FleaStiff

So its not really a destination for low rollers, its mainly a community congregating space? Sort of a mall with a variety of stores and restaurants and clubs that also happens to have a casino?

I wonder just how far a locals casino can extend its "reach"? Is it simply the surrounding area or do players go the extra distance if they really want to? Whats the difference between a ten minute drive and a fifteen minute drive? I assume there is some decision making going on as to one casino versus an adjacent or nearby property.

A lot of people asked those questions about Aliante. Unlike Green Valley or Red Rock it wasn't as close to a major highway that might be carrying tourists. It seemed as if they were trying to build the casino first, and then they expected the community to grow up around it. They had a seemingly impossible master plan where every corner of the urban area would have one of their casinos.

Just to tie it back with Cosmopolitan, Aliante made $230K per day in the casino for the first few weeks before dropping back to it's level of much less than that. Yet one more reason that I find it amazing that the news articles are crowing about the success of Cosmopolitan when the casino made just $250K per day for the first two weeks.

These casinos are incredibly oversupplied with gaming equipment relative to their revenue. Aliante has 2000 slot machines, two dozen blackjack tables, 3 full size crap tables, 3 roulette tables, and almost ridiculously a full size baccarat table.

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Alianté is certainly hurt by its location. It's about as far into the Northern Hinterlands as you can get in this town. The street it's on is so new it's not on Garmin GPS yet (or at least it wasn't a year ago).

Quote: zippyboy

Alianté is certainly hurt by its location. It's about as far into the Northern Hinterlands as you can get in this town. The street it's on is so new it's not on Garmin GPS yet (or at least it wasn't a year ago).

They built the Texas Station over 15 years ago. Five years after that they bought Santa Fe Station only 5 miles away. Three months later they bought the Fiesta Casino next door to the Texas Station. Then 8 years later they open Aliante only 6 miles from Santa Fe. The Aliante is only 18 miles to their other showpiece suburban casino, Red Rock.

Station casinos was actually proposing three more casinos in the southern part of the city, one more next to Boulder station where Castaways used to be.


In addition to all this they had a rival to City Center called Viva on the other side of the interstate off Tropicana.

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Quote: gofaster87

Stations had one planned near the Henderson Airport at one time. I not sure if that is where the dot is on the map.

Those dots don't seem to be very accurate in some cases. I suppose the one in the center is near the airport.
Once again the airport is 5 miles from Green Valley, and only 3 miles from the M Resort.

Quote: pacomartin

These casinos are incredibly oversupplied with gaming equipment relative to their revenue. Aliante has 2000 slot machines, two dozen blackjack tables, 3 full size crap tables, 3 roulette tables, and almost ridiculously a full size baccarat table.

Sometimes you get some bean counter making the purchase decisions. The beancounter doesn't know what baccarat is, he just knows its a line item on his figures and charts. High rollers in evening dress playing baccarat at a full size table in the hinterlands of Nowheresvile? Hey, don't ask him. He just got a memo from someone about a Baccarat table. He doesn't know how the game is played or who is likely to play it.

There are only 15 full size baccarat tables in Nevada that are not part of the 5 major casino owners on the strip (MGM, Ceasars, Wynn, Sands, & Phil Ruffin owns TI)
1 ALIANTE STATION CASINO + HOTEL
1 GREEN VALLEY RANCH STATION CASINO
5 PALACE STATION HOTEL & CASINO

1 PALMS CASINO RESORT
3 COSMOPOLITAN OF LAS VEGAS, THE
3 HARD ROCK HOTEL & CASINO

1 HARVEYS RESORT HOTEL/CASINO


Of the 7 run by station casinos, the one in Aliante seems the dumbest idea. Palms would have to have one to fit their image. Cosmopolitan seems delusional.

Hard Rock though that baccarat would be their salvation. They renovated the casino, and thought that they could find these younger, mid-level hip baccarat players, and it would save them from bankruptcy. It didn't work.

Harvey's at Lake Tahoe is part of the Ceasars Corporation, but it seems to be the only baccarat table operating outside of Clark County.


There are also 150 mini-baccarat tables operating in Nevada. Gold coast Casino (3 blocks from Chinatown) has 14 of them (the largest collection in the state). I assume Palace Station is after the same market, but they are willing to hazard the expense of full size baccarat tables.

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