Will SLS go the way of Revel?
Poll
 | 7 votes (23.33%) | ||
| | 18 votes (60%) | ||
| | 5 votes (16.66%) |
30 members have voted
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
What is SLS's business plan?
And do you see them executing it well?
It all depends on what they learn from what has worked/not worked lately...and try to not copy failure!!
Quote: 100xOddsSLS (aka the new Saraha) is marketed as an upper class casino.
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
What is SLS's business plan?
And do you see them executing it well?
I am not sure about SLS, but I strongly disagree with gambling dying in Vegas. Yes growth is not keeping up with non gaming growth, but the bounce back from the late 2000's is there and people still go to Vegas to gamble as a destination, unlike small local casinos.
I just dont see Vegas going the way of AC.
They had a dream: A family-friendly grind joint, casino as an entertainment center, a place where the kids could safely play and go wild while their parents gambled.
They found a niche and mined it.
SLS (or any new casino) might heed this story and think outside the box; perhaps a clean, "medium quality" casino with the loosest and best selection of slots, lots of FP VP, the best rules on table games, a very good, reasonably priced buffet and coffee shop, a steak house, great pools, and generous drink service.
Something that the other casinos don't offer, at least not all in one venue.
Make money on volume.
Forget nightclubs, concerts, major events: leave that to the big boys.
No, focus on the basics of casino gambling, and provide the best product available.
Quote: 100xOddsSLS (aka the new Saraha) is marketed as an upper class casino.
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
What is SLS's business plan?
And do you see them executing it well?
The SLS is billing itself as a local casino also. Now during the first week they had one $25 craps table and four set at $10. I base the casino on what I see on their table games!
$10 tables are not for the locals, so it might be one major stumbling block for the casino.
Now of coarse they had the whole hotel sold-out for their opening weekend, that was 1600 rooms! They have enough very good restaurants and other things like their clubs to keep them in business. You have to know that the casinos now days make more money on everything else that they have, instead of Gambling. They are going for the table game players, and don't carry as many slot machines as the other casinos do!
One of the best marketed casinos here in Las Vegas,is the Golden Nugget, they are always filled as far as rooms go! The SLS marketing plan will test how they are going to do! You can't compare AC with Las Vegas. AC failed to put in any inner structure to support transportation to their city! They had the same marketing plan since they opened, and that was to bus in players from the not so local city from near by states that now have casinos of their own! Bye-bye Atlantic City, is what all of their players have been saying, now days!
They had 30 years to add to the city to bring it up to date with what the players were looking for. They didn't do it and now they are going to be paying the price for they lack of commitment, to make Atlantic City into somewhere players would continue to go to, when they had a local casino opening their state!
Some corporations, are only looking at what they can take out of any market without investing in the future of their market. They are building casinos as fast as they can in every market they can get into, and just leaving their older markets to fail.
New casino markets make the CEO's look really good, and they can take all of their bonuses they can get their hands on, they don't care about anything in the future. It's all about lining their pockets with as much cash as they can, before they take their Golden Parachute, when their stock holders get feed up with what they are doing!
I think if the north end ever does begin to catch fire again, as hoped, you will see MGM dump some money into circus circus or maybe build another presence on the north strip. If I am not mistaken, they are sitting on a tract of land somewhere up that end.
Quote:I think if the north end ever does begin to catch fire again, as hoped, you will see MGM dump some money into circus circus or maybe build another presence on the north strip. If I am not mistaken, they are sitting on a tract of land somewhere up that end.
Indeed they are.
MGM
Anyway there is this guy I call heart attack, cause that is big lettering on his cardboard sign. He just had bypass surgery, close to 70 years old, wife is invalid, out there for prescription money. As I am leaving shopping center, I see him at the exit traffic light. As I approach he sees me, but starts walking away. I honk the horn, find I have $3 in shirt pocket ( old habit from pool hustling days ),
he comes back, I wind down window, hand him $3 and see why he was leaving. Cop on patrol car enters shopping center, turns on lights and whips around and up behind me.
Well, F*** him. I get out of car and figure I will give heart attack an out, thanking him for mowing my lawn for only $3. But cop gets out, walks up to us and says " What's on your sign ? " Now I am about to remind him of the ACLU and Freedom of speech, but never get to !
https://www.aclu.org/free-speech/aclu-challenges-grand-junction-anti-panhandling-law
Because my car down is open and Josie shouts " None of your business, Barney. " GOD, I LOVE THAT WOMAN.
Barney's neck turns red, I reach for my wallet and ID, fairly sure I have no warrants, well no extraditable ones anyway. But just then there is a screech of brakes as someone looking at an arrest about to happen almost hits another car. Evidently this is all beyond Barney's playbook as he tells me the light is green. I get in car and away we go. Was nice to look in rear view mirror at Barney wondering where heart attack has disappeared to.
Quote: BuzzardHey Mickey. As a former kite flyer you might appreciate this. I am an easy mark for a handout early each month. The guys and gals with that sign on the corner early in any months are not getting food stamps or a nut check. I usually grab a sub and milk at subway or cheap burgers at Mickey D's . A few bucks once in a while as the shelter charges single men $2 at one shelter and $4 at the other.
Anyway there is this guy I call heart attack, cause that is big lettering on his cardboard sign. He just had bypass surgery, close to 70 years old, wife is invalid, out there for prescription money. As I am leaving shopping center, I see him at the exit traffic light. As I approach he sees me, but starts walking away. I honk the horn, find I have $3 in shirt pocket ( old habit from pool hustling days ),
he comes back, I wind down window, hand him $3 and see why he was leaving. Cop on patrol car enters shopping center, turns on lights and whips around and up behind me.
Well, F*** him. I get out of car and figure I will give heart attack an out, thanking him for mowing my lawn for only $3. But cop gets out, walks up to us and says " What's on your sign ? " Now I am about to remind him of the ACLU and Freedom of speech, but never get to !
https://www.aclu.org/free-speech/aclu-challenges-grand-junction-anti-panhandling-law
Because my car down is open and Josie shouts " None of your business, Barney. " GOD, I LOVE THAT WOMAN.
Barney's neck turns red, I reach for my wallet and ID, fairly sure I have no warrants, well no extraditable ones anyway. But just then there is a screech of brakes as someone looking at an arrest about to happen almost hits another car. Evidently this is all beyond Barney's playbook as he tells me the light is green. I get in car and away we go. Was nice to look in rear view mirror at Barney wondering where heart attack has disappeared to.
Well, now I love Josie, too! LOL...
The place was rocking last night. TON'S of hot girls, possibly hot guys for the women and the gay's.
$10 min seems to be the normal minimum bet at SLS. $2 min on the Big 6. Not bad
The main casino was full of people, but were they gambling? As far as slots and VP goes, it's noting like you see at some successful local places.
All the craps tables were full and most of the other games were as well.
The red high limit room was just about empty, 1 guy was playing black and green. No slot or VP play
The "secret" casino had a group of friends playing BJ at ONE table but noting substantial, red and green. The rest of the tables remained empty. People commented the place was cool as they walked to the restaurant. The pit bosses are really selling the games in a friendly way.
I have only seen ONE gaming bar, it only has two small portions with machines. No one was playing the bar machines wen I looked but, it was crowded with young drinkers. A shot of Captain (and I mean shot , very stingy)costs 13 bucks, OUCH! Normally I would have just played for a drink but, i couldn't get near the machines..
Cocktail service on the floor was slow at first but then picked up fast.
PS. Who wakes up in the morning, looks in their closet, and saysfdcd, "OH, BRIGHT GREEN PANT'S, that will look good at SLS."
Quote: WizardBased on a 30-minute visit, I think the SLS will make it. I'm not sure what price point they are going for in the market, but there needs to be something in quality between the Circus/Riviera and Luxor/Excalibur. The SLS fills that gap in the market nicely.
Wait, SLS is lower-end than Luxor/Excalibur? Those are the lowest-end MGM properties (except Circus Circus, which doesn't really count). You can often get rooms at those properties in the $30-$50 range.
Quote: BuzzardHey Mickey. As a former kite flyer you might appreciate this. I am an easy mark for a handout early each month. The guys and gals with that sign on the corner early in any months are not getting food stamps or a nut check. I usually grab a sub and milk at subway or cheap burgers at Mickey D's . A few bucks once in a while as the shelter charges single men $2 at one shelter and $4 at the other.
Anyway there is this guy I call heart attack, cause that is big lettering on his cardboard sign. He just had bypass surgery, close to 70 years old, wife is invalid, out there for prescription money. As I am leaving shopping center, I see him at the exit traffic light. As I approach he sees me, but starts walking away. I honk the horn, find I have $3 in shirt pocket ( old habit from pool hustling days ),
he comes back, I wind down window, hand him $3 and see why he was leaving. Cop on patrol car enters shopping center, turns on lights and whips around and up behind me.
Well, F*** him. I get out of car and figure I will give heart attack an out, thanking him for mowing my lawn for only $3. But cop gets out, walks up to us and says " What's on your sign ? " Now I am about to remind him of the ACLU and Freedom of speech, but never get to !
https://www.aclu.org/free-speech/aclu-challenges-grand-junction-anti-panhandling-law
Because my car down is open and Josie shouts " None of your business, Barney. " GOD, I LOVE THAT WOMAN.
Barney's neck turns red, I reach for my wallet and ID, fairly sure I have no warrants, well no extraditable ones anyway. But just then there is a screech of brakes as someone looking at an arrest about to happen almost hits another car. Evidently this is all beyond Barney's playbook as he tells me the light is green. I get in car and away we go. Was nice to look in rear view mirror at Barney wondering where heart attack has disappeared to.
Buzz, I never had the Kahonas to panhandle, which is strange because I never had a problem sticking my thumb out on a highway, which technically, I think, is a form of panhandling. I was always jealous of the guys who worked the signs. They probably made 3 times what a day laborer did.
And if you were in uniform back then ( USAF =me ) 1962-1966 got you a ride and usually a meal or cash forced on you to get one. I once picked up a hitchhiker wearing a tuxedo. How could I not? Was in Laredo about a mile from Nueva Laredo. Big dude, offered me a cigar. We both lit up and then suddenly a car cut me off and as I braked 2 guys jumped out of it, and another 3 guys in a car behind. WTF ?
The guy was the Maître d at a restaurant next to the highway, emptied the cash register. walked out and started hitching. Not exactly a brilliant escape plan. I talked my way out of sticking around for the cops. Expired license and confined to base were mitigating factors.
Quote: 100xOddsSLS (aka the new Saraha) is marketed as an upper class casino.
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
I love when people blindly state this. Last year was the #2 year in gaming in NV ever and gaming revenue is up in each of the last four years.
Quote: PokeraddictQuote: 100xOddsSLS (aka the new Saraha) is marketed as an upper class casino.
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
Hey, do us all a favor. Stop including facts as they have no effect on our opinions. Thank you.
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
I love when people blindly state this. Last year was the #2 year in gaming in NV ever and gaming revenue is up in each of the last four years.
Quote: PokeraddictQuote: 100xOddsSLS (aka the new Saraha) is marketed as an upper class casino.
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
I love when people blindly state this. Last year was the #2 year in gaming in NV ever and gaming revenue is up in each of the last four years.[/q
Please stop confusing the issue with facts. They have no basis in forming our opinions. Thank you .Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Thank-you! (But of course you bear no responsibility for a single word that follows below.)Quote: PokeraddictQuote: 100xOddsSLS (aka the new Saraha) is marketed as an upper class casino.
but the casinos around it are not high class (Circus circus, Riveria, Stratosphere).
and gambling in Vegas in general is dying due to casinos in other states popping up every year.
I love when people blindly state this. Last year was the #2 year in gaming in NV ever and gaming revenue is up in each of the last four years.
To pause for a moment with the silly things folks just decide to "know" about places they mostly aren't, there is something called the Nevada Gaming Control Board which seems kinda sorta interested in getting and publishing stuff about things like this, what with it being their job and the law and all, and if someone wanted to actually know about it, ya know, like how it might be if it existed all by itself outside of their feelings about their vacations, they wouldn't even have to change out of their jammies and bunny slippers in Armpit, Indiana or wherever, since that fussy NGCB outfit has discovered the internet. Here they are: http://gaming.nv.gov/ And if spreadsheets and publication indexes make someone's head hurt, here are the annual percentage changes from the NGCB "abbreviated report" versions for both Las Vegas Strip and also County-wide gaming revenue as of 12/31 compared to each of the prior respective calendar years:
2011
Strip: +3.61%
County: +2.39%
2012
Strip: +11.22%
County: +10.24
2013
Strip: +12.90%
County: +11.81%
2014 (first half only, compared to same period prior year)
Strip: +22.45%
County: +17.33%
But even that actually understates matters, because the non-gaming revenue reported from those same Las Vegas gaming licensees from charging those increasing numbers of more well-heeled visiting gamblers for staying in rooms and eating food and placating their partner with a spa & a show has expanded even faster and at an even more rapidly accelerating rate.
And if my tone is a wee bit snarky, I sincerely don't intend it to rag on the individual OP of this thread in particular, it is something more due to the effects of constant biting of the tongue wading through an accumulation of collective fantasies about "I know the way & the light & the revealed sacred truth that Vegas is heaven!" and for others "Vegas would already be in Hell if not for their chronic shortage of handbaskets!" One peculiar fellow has been prolific to the point of manic in spraying a lot of truly bizarre assertions that would make you think the Strip is practically already gone & halfway converted to scrap recycling yards, rather than now well into launching yet another of the many expansion & building cycles that always follow the inevitable bust consolidations like mushrooms after a rainstorm.
We now return you to your regularly scheduled packing of your individually preferred color of assorted "Vegas Baby!/Vegas Icky!" fantasy eyeglasses.
There was some ridiculous article about how gaming is less than 50% of total revenue in Las Vegas and how that was a bad thing. In reality, gaming is simply not growing as fast as revenue from other amenities so its percentage of total revenue goes down.
I moved here in 2010 when people predicted tumbleweeds down the middle of Las Vegas Blvd. Those people were obviously wrong but seem to be unable to admit defeat.
I think they keep those themed tumbleweeds in a storage shed behind the Aladdin/PlanetHo to bring them out for seasonal decoration again about every six or eight years or thereabouts. I've surfed the tide going out and then coming back in again (always in a bigger wave than the last one when it is coming back in) for several of these cycles now.Quote: PokeraddictI moved here in 2010 when people predicted tumbleweeds down the middle of Las Vegas Blvd.
From late 2001 well into 2003 was really interesting. I remember how spectacularly... the term 'appreciative' doesn't begin to describe how the Aladdin (now PHo) treated me when I decided to take them up on their craven begging to have me become something resembling an actual real live customer, shacking up there just for fun to splash in their big marble hot tubs and figuratively raiding anything and everything in their pantry for several weeks through the holidays in November and December of 2001. They had reopened that year (or shortly before?) after a big snazzy rebuilding, and for some reason at that time getting people to fly in airplanes across the country, to sleep in a nice new high-rise building, near an international airport, doing lots of really infidel type stuff, in an Arabian themed place... was suddenly a super hard sell, like just about impossible. I think they might have almost given me a whole floor or at least a wing of one maybe with a harem of vixens to carry me around on my own complementary magic Aladdin carpet if I'd wanted it at the time.
Fast forward to several years later, they are then calling themselves a Hollywood Planet with a line stretching to Searchlight for a busy ultra-loungy thing, and whether I might almost be considered sufficiently presentable to even be allowed to mingle with the fashionistas on the premises begins to depend on a combination of adequate ADT & a willingness to provide large gratuities to the loungy-thingy's doormen, if for some reason I desperately wanted to squander sacks of money in it for a little while.
It all seemed designed to make you say: "Bow before me because I am a rich Sultan with many camels!" Ooops.
Their players club, The Code, gives you $5 for signing up no strings attached. You don't have to lose $5 first or even bet $5 first. The server came around on multiple occasions before I could finish my drink.
Anytime I have a Monorail or RTCSN card I will certainly be making a trip to the SLS. Of course, that won't be every day and I am not the only one who likes the SLS but won't be a regular due to location.
called Revel a 'goat carnival' because of it's
history. He was being kind..
Quote: SenseiAnytime I have a Monorail or RTCSN card I will certainly be making a trip to the SLS.
Your monorail ticket is worth an extra $5 in free play at SLS. Of course the ticket costs more than that, except for locals who pay $1 for monorail, so I wouldn't buy a ticket specifically for that. But if you happen to be using the monorail, get your 5 bucks.
I never thought SLS would be the kind of property that draws people to the northern end. 'Bleu' was supposed to be that kind of property, and now, Resorts World should be. Obviously if SLS survives until resorts World opens, they will benefit by expanded traffic on the northern end.
Quote: SenseiI liked the SLS, it is clean and sleek like the Wynn or Cosmo but doesn't have the $20 minimum craps bets found at those places.
Their players club, The Code, gives you $5 for signing up no strings attached. You don't have to lose $5 first or even bet $5 first. The server came around on multiple occasions before I could finish my drink.
Anytime I have a Monorail or RTCSN card I will certainly be making a trip to the SLS. Of course, that won't be every day and I am not the only one who likes the SLS but won't be a regular due to location.
$5?...psh. thats like the bare bones minimum for casino new member sign ups.
Quote: Avincow$5?...psh. thats like the bare bones minimum for casino new member sign ups.
Yep that's why I haven't signed up.
When a new place opens, they offer bare minimum, $5 or some sort of 'trinket' gift. After a year, when they have signed everyone up (all the locals plus multiple times a year visitors) for peanuts, they usually up the offer. I hold out for that. I particular like the places that match a premium card level from another place and where the signup bonuses increase according to a 'matched' card level.
Restaurants are great, Baazar Meats I think is one of the best places on the strip. The coffee shop is good, local menu reasonably prices. They did a nice job on the pool too. Casino is a box of slots. Decent VP however, hit 4 Aces a few times on the main floor machines.
The HL room is pretty quiet for a slot player. I saw a 50K VP HP on opening night. Decent Baccarat action from the Asian plyrs, last I heard they were going to make it all slots.
I regularly get 3 nights and a decent free play/food so their marketing dept is responsive. Rooms are nothing to write home about.
I'll keep it in my rotation for now.
Interesting, earlier I wrote how horrible their previous marketing was, but I decided not to post it.Quote: HLgrinderI'm local and I will give my two cents...I was there opening night and have been a few times since.
Restaurants are great, Baazar Meats I think is one of the best places on the strip. The coffee shop is good, local menu reasonably prices. They did a nice job on the pool too. Casino is a box of slots. Decent VP however, hit 4 Aces a few times on the main floor machines.
The HL room is pretty quiet for a slot player. I saw a 50K VP HP on opening night. Decent Baccarat action from the Asian plyrs, last I heard they were going to make it all slots.
I regularly get 3 nights and a decent free play/food so their marketing dept is responsive. Rooms are nothing to write home about.
I'll keep it in my rotation for now.
A few people ran a fair amount of coin in (tens of thousands, and received little or nothing)
$5 sign up is pathetic.
.25 FPDW, FPJW. Select your personal 4 of a kind for a 40 coin bonus. Certain days of the week any 4 of a kind got you and extra 40 coin bonus. They would also mix other promotions in. They had really good scratch cards at one time, that were easy to get. 40 coin bonus coupons for a full house on $5 denominations once a day, Ask for a comp and you got one, even if you played nickles. The food was fairly good. There was very little competition and no heat.
Quote: Gabes22The major issue I am seeing so far, and I don't know if these ratings are accurate, but if I go through an airline site like Southwest or American or United, they tend to rate SLS as a 4 star hotel, which according to them on the strip it compares them to places like Luxor, New York New York, Treasure Island (according to their sites) and their prices for flight from Chicago leaving Sunday and returning Saturday at about $500-600 above those places. Their price point seems to be more in line with Aria, Bellagio, Mandalay Bay, but decidedly below Wynncore, Palazzo/Venetian, Cromwell etc. Now, from what I hear from people who have been there, SLS is much better than the 4 star counterparts on the strip, but if I was a novice and didn't now anything about Vegas, why would I go to SLS which is rated at the same level as Luxor or Treasure Island at a 50% price premium?
http://m.fool.com/investing/general/2015/06/14/the-most-hated-casinos-in-america
SLS will do fine from my view. I am still beating them, currently, and so I like them more than I would if they had already gotten me for a big loss enough to wipe that out.
The worst luck I have had at the SLS was that my radiator exploded on the way there two weeks ago and I had to get my car towed out of the parking lot to the AAMCO down the street to be fixed and that cost me $360. Even counting that as a loss due to bad luck, I'm still beating SLS.
The nice things:
10x odds
$5 tables
Great service
Amazing food if you have the ability to enjoy the types of food that they serve (it can be unusual)
Dealers that aren't always burnt out (imported dealers from places where vegas is an upgrade)
They finally got some flexfit hats in the gift shop (I haven't bought one, but I hate low quality caps and I do judge as a dude with a bald spot who likes hats)
The cool LED display above the bar in the middle of the floor
Just installed some new furniture near the bar that is cool and/or unusual
Slot machines are all in very good condition and clean and visually attractive
The not so nice things:
Slow elevators
White paint outside looks dirty
Can be annoying trying to get into the lane for the parking garage when turning left from SB LVBlvd or dealing with people who are confused here
That stop light also can take more than a minute and it's annoying just sitting there when there is no traffic, just a stupid light holding you up.
The Segal or whatever shop is just way to expensive and does not match my tastes at all
Nobody ever goes up to the second floor (there's some art up there maybe some other stuff -- but escalators always empty)
Heres the thing about all these new casinos, whats the difference between all of them? It seems all the same, some gaming, a few restauarants, a few nigtclubs, and no interesting promotions at all. Do we really need all these cookie cutter places? im all for competition but at this point it just all seems like personal preference instead of choices on different incentives.
What Vegas is missing are boutique casino's not owned by large corporations, ones that take risks in management, rules, promotions you name it. I thought SLS could be that but so far its proving to be just another drop in the bucket. :( There's really nothing to get excited about. sorry for the downer post lol.
SLS will go under for sure. Nobody goes
there, it's in a horrible location, and
bankruptcy is around the corner. They
talk about the SLS 1 min into the show.
http://www.slot-machine-resource.com/podcasts/vaccaro2.mp3
Quote: EvenBobThe guest on the radio show this week says
SLS will go under for sure. Nobody goes
there, it's in a horrible location, and
bankruptcy is around the corner. They
talk about the SLS 1 min into the show.
http://www.slot-machine-resource.com/podcasts/vaccaro2.mp3
I was informed by a staff member that potential buyers are being shown around.I feel once the pool season is over it is going to be very very quiet in there.
I remember tracking a must hit by $50 progressive.It was at $45 on Thursday.The following Tuesday it had moved up a $1!!!
