Lets buy a casino!
Hooters Up For Auction
Figure it out yet?
http://alanbestbuys.com/id103.html
Quote: AlanMendelsonThere are lots of casinos that you can buy, and their management, good will, employees, licenses, contracts with suppliers are already intact. Plus you have limited liability because of the structure of the ownership that you are buying.
Sounds like a casino I "owned" once, before the parent company was bought out by a bunch of farmers and the new parent forced me to shut down about six months ago.
(Translation: Zynga (the company that runs FarmVille) bought out DNA (the company that ran Casino City), and the first thing Zynga did was to shut Casino City down. No, there is no CasinoVille...not yet, anyway.)
Quite expensive too. However, you never get anywhere complaining about the problems. I 'm in for $20.Quote: FleaStiffThe licensing process for owners and executives is rigorous and often takes two years in Nevada.
Quote: NicksGamingStuffI read this today, what if we all chipped in and bought it and turned it into our ideal casino: good games, comps, etc... It could have everything we always wanted in a casino!
I'm pretty sure this is like Alcoholics Anonymous opening up a bar that's run by the people in it... the only ones who would show up are those who are supposed to be cured.
The casino would only appeal to people who are on this website; so basically, we'd be investing in a casino where we would all be playing...
I'm in!
Quote: NareedMy concern is that, as Paco has often stated, casino owners do not gamble.
The Tropicana (next door) in 2006 had :
Net revenues . $162,879
Operating income . $32,062
Net income . $8,782
In 2010 the figures were
Net revenues . $ 54,184
Operating (loss) . ($42,893)
Net (loss) . ($43,820)
So Tropicana had a 67% drop in revenue over 4 years.And that is with ALEX YEMENIDJIAN as CEO, who is very respected in the industry. In comparison, Hooters has never made money. Not even in the good years.
Tropicana is doing much better for the first 9 months of 2011
Casino $ 25,553
Room $24,608
Food and beverage $18,952
Other $2,961
Gross revenues $72,074
Less promotional allowances ($6,922)
Net revenues $65,152
Tropicana owns approximately 34 acres of land where and is a 1,658 room hotel that currently offers 1,375 remodeled hotel rooms and a 50,000 square foot casino floor featuring approximately 727 slot machines and 30 gaming tables.
====================
Personally, I have thought that Hooters had such low revenue at their tables, that they should try some experiments. Pay for play table games with zero house average for one. Or they should give it up, and go for naked blackjack dealers (aka. Atlantic City Resorts Casino).
are so low and the dealers are so rude, and the
smoke is so thick.
Quote: TiltpoulI'm pretty sure this is like Alcoholics Anonymous opening up a bar that's run by the people in it... the only ones who would show up are those who are supposed to be cured.
The casino would only appeal to people who are on this website; so basically, we'd be investing in a casino where we would all be playing...
I'm in!
There was a bar across the street from an AA Clubhouse in Chicago that offered a free drink in exchange for an AA white chip. Needless to say this practice ended soon due to abuse of the offer LOL
Quote: pacomartin
Personally, I have thought that Hooters had such low revenue at their tables, that they should try some experiments. Pay for play table games with zero house average for one. Or they should give it up, and go for naked blackjack dealers (aka. Atlantic City Resorts Casino).
Are there any "casinos" where the ladies deal totally topless in LV? If not, is it against the law in LV?
Quote: AlexRI wonder if a casino operated as a consumer co-op could be successful.
I think it could.
In a way, there are more than a few. Some of the Tribal casinos are essentially co-ops, and all the members get a cut. My nephew went to school in Minnesota with a bunch of the Mystic and Little Six recipients. Supposedly many of them had hot 40-50k cars, would race each other and wreck them, and just go buy another.
Quote: beachbumbabsMy nephew went to school in Minnesota with a bunch of the Mystic and Little Six recipients. Supposedly many of them had hot 40-50k cars, would race each other and wreck them, and just go buy another.
That sounds like a stereotype, except it is essentially true, at least in my experience.
Before they hit the tribal casino jackpot, the reservations were dotted with abandoned vehicles and crap just left to rot by tribal members who were either too poor or too drunk and depressed to care.
Sounds like not much has changed, other than income.
Quote: VCUSkyhawkAre there any "casinos" where the ladies deal totally topless in LV? If not, is it against the law in LV?
I think there are laws against dealer nudity. Otherwise, casino's would already be in operation at the numerous existing adult entertainment venues.
Quote: AyecarumbaI think there are laws against dealer nudity. Otherwise, casino's would already be in operation at the numerous existing adult entertainment venues.
:Walking to the Craps Table:
"All those snake eyes are giving me a hard eight."
I'm sure a snake eye gives you a hard 4.Quote: Mission146:Walking to the Craps Table:
"All those snake eyes are giving me a hard eight."
Quote: VCUSkyhawkAre there any "casinos" where the ladies deal totally topless in LV? If not, is it against the law in LV?
No. I'm not aware of any law against it, but don't claim to know every law.
There may not be a law, however, I bet there is some type of gaming rule that doesn't allow it.Quote: WizardNo. I'm not aware of any law against it, but don't claim to know every law.
Quote: WizardNo. I'm not aware of any law against it, but don't claim to know every law.
Top of Page 8 of this pdf:
https://pdfs.semanticscholar.org/577e/d0d2271be2c6cd3c2eb1b5a62f5ffdb8b8de.pdf
Not really laws, per se, just the regulations that govern the sorts of topless enterprises that can be conducted at a casino. Even if you got past all of the physical logistical issues, the topless dealers could not accept tips.
Here in NV I would assume there's some type of moral code at a CASINO. I don't know how they define a casino from a bar or a strip club.Quote: Mission146Top of Page 8 of this pdf:
https://pdfs.semanticscholar.org/577e/d0d2271be2c6cd3c2eb1b5a62f5ffdb8b8de.pdf
Not really laws, per se, just the regulations that govern the sorts of topless enterprises that can be conducted at a casino. Even if you got past all of the physical logistical issues, the topless dealers could not accept tips.
Quote: AxelWolfHere in NV I would assume there's some type of moral code at a CASINO. I don't know how they define a casino from a bar or a strip club.
A fully nude strip club and they couldn't serve liquor unless they were already licensed as a strip club prior to a certain year, which of course no casino has been. That would be a totally different business license.
There are regulations regarding topless showroom acts and topless pool areas. Those sorts of regulations would also apply to the casino, and among those are the condition that it must take place in a separate area not visible to patrons in the main area. The topless shows must have the topless ladies remain on the stage at all times, cannot accept tips and there are other requirements as relates to the seating. The only theoretical way to do it is she could be standing on stage topless dealing the cards and the players could make their bets electronically, I suppose, but again, it would have to take place in a separate and enclosed area.
Quote: MrVThat sounds like a stereotype, except it is essentially true, at least in my experience.
Before they hit the tribal casino jackpot, the reservations were dotted with abandoned vehicles and crap just left to rot by tribal members who were either too poor or too drunk and depressed to care.
Sounds like not much has changed, other than income.
The only reason I said "supposedly" is that I didn't see it with my own eyes. My nephew can tell many specific instances of it from 4 years in school there, including names, car models, shenanigans, other details. So can local law enforcement. I'm quite sure it's correct and true.
It would be interesting to find out the legal and practical implications of this.Quote: beachbumbabsI think it could.Quote: AlexRI wonder if a casino operated as a consumer co-op could be successful.
Co-op dividends usually already work similarly to casino comps insofar as they are proportional to your own spending.
Quote: AlexRIt would be interesting to find out the legal and practical implications of this.
Co-op dividends usually already work similarly to casino comps insofar as they are proportional to your own spending.
The practical implication is that it would be incredibly expensive to get licensed. In Nevada it costs between $30,000 and $100,000 per person to get licensed.
Incidentally, I was in a strip club once and they somehow temporarily lost their "stripping license" or whatever it's called, so all the girls just danced around in bikinis. I didn't stay very long.
Alternatively here's what to do... Put together a masterful business plan and attach some industry leaders. Put all the bells and whistles and make it look so attractive with outrageous projections. Raise 2 billion in a capital raise from large financial institutions. Get the state to give you some money while paying off local politicians. Pay yourself High salaries and bonuses. Everyone gets their fees and pay....and it doesn't work out just file bankruptcy.
In other words, just get the Revel Playbook..
Quote: WatchMeWinIn other words, just get the Revel Playbook..
How did Steve Wynn do it?
I'll just do that, minus the sexual harassment.
Quote: TigerWuHow did Steve Wynn do it?
I'll just do that, minus the sexual harassment.
I thought he bought a piece of property adjacent to Caesars and waited until Caesars needed to to expand then flipped it to them for 10x. Takeoff from there.
Quote: unJonI thought he bought a piece of property adjacent to Caesars and waited until Caesars needed to to expand then flipped it to them for 10x. Takeoff from there.
While this is an old thread that hooters would be a gold mine if someone ran it right
Quote: unJonI thought he bought a piece of property adjacent to Caesars and waited until Caesars needed to to expand then flipped it to them for 10x. Takeoff from there.
Then maybe we should all pool our money together and buy an abandoned lot off-Strip and wait for someone to expand...!
Quote: TigerWuThen maybe we should all pool our money together and buy an abandoned lot off-Strip and wait for someone to expand...!
http://casinosofmayfair.com/
(74)
Update January 2017
Slots Palace and international Italian very popular Restaurant and cocktail Bar, on LasVegas strip, all taxes paid $18,000 last year, Net profit $700,000 Grandfather license, new shopping Mall being build close by,
Bargain Price $5,950,000
In the game a lot cheaper but no hotel
Quote: troopscotthttp://casinosofmayfair.com/
Wow, that website is sketchy as hell.... haha.... Africa's got some cheap casinos, though!
Is this for real ? Pays for itself in 9 years if the profit is stated accurately ? With our knowledge, should be easy to get the annual profits up 25 % to around 1 mil, right ?Quote: troopscotthttp://casinosofmayfair.com/
(74)
Update January 2017
Slots Palace and international Italian very popular Restaurant and cocktail Bar, on LasVegas strip, all taxes paid $18,000 last year, Net profit $700,000 Grandfather license, new shopping Mall being build close by,
Bargain Price $5,950,000
In the game a lot cheaper but no hotel
Anyone have an idea what this is ? Gotta be way North or way South on LVB I assume:
update:
? ? ? http://bootleggerlasvegas.com/vip-members/ ? ? ?
And should be able to get the price down by another mil, right ?
I wonder how close we are with AXEL's big pool play.....
ps; Let's pass on this one:
http://www.loopnet.com/for-sale/las-vegas-nv/sportsandentertainment/?e=u
Quote: TigerWuHow did Steve Wynn do it?
I'll just do that, minus the sexual harassment.
Steve Wynn is a God!
IF I recall correctly from what I read some time ago, he or his Dad had a connection that led to a sweet-heart deal to buy a vacant piece of property that he indeed was able to flip to a casino ( Caesars ? ) for a ~10x or whatever profit.Quote: TigerWuHow did Steve Wynn do it?
I'll just do that minus the sexual harassment.
So, sounds good, when are you going to do that ?
Quote: TigerWuThen maybe we should all pool our money together and buy an abandoned lot off-Strip and wait for someone to expand...!
The NFL Raiders and the Pinball Hall of Fame may have beaten you to it. (The former is building its stadium on the other side of I-15 from Mandalay Bay; the latter is building on a small strip of land on the northbound side of the Strip, about 1/4 mile north of the Welcome To Las Vegas sign.)
Then again, the bankruptcy auction for the Lucky Dragon is supposed to happen "real soon now" (the latest I heard, hearings have been postponed Yet Still Even Again; I think the next is in early September).
Quote: JohnnyQSo, sounds good, when are you going to do that ?
Okay, I found a half acre of land a few blocks south of Mandalay Bay for $495,000.
I'm in for $2,000. Anybody else?
Looks to me like owners only need the licence if they own more than 10%.Quote: DRichThe practical implication is that it would be incredibly expensive to get licensed. In Nevada it costs between $30,000 and $100,000 per person to get licensed.
Quote: JohnnyQIs this for real ? Pays for itself in 9 years if the profit is stated accurately ? With our knowledge, should be easy to get the annual profits up 25 % to around 1 mil, right ?
Anyone have an idea what this is ? Gotta be way North or way South on LVB I assume:
update:
? ? ? http://bootleggerlasvegas.com/vip-members/ ? ? ?
And should be able to get the price down by another mil, right ?
I wonder how close we are with AXEL's big pool play.....
ps; Let's pass on this one:
http://www.loopnet.com/for-sale/las-vegas-nv/sportsandentertainment/?e=u
I think it is slots of fun next to circus circus.
Think about it, build some badass casino and advertise it as Vegas Strip with none of the traffic!!!
Quote: Abcfreak
...Think about it, build some badass casino and advertise it as Vegas Strip with none of the traffic!!!
It’s called “Hooters”... hehe
