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Wizard
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Wizard 
Joined: Oct 14, 2009
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July 16th, 2020 at 12:57:30 AM permalink
Quote: hitthat16

I know circus circus in Reno became a slot parlor, and they are now again a full casino with tables. I think they only open them on weekends but itís a start.



I didn't know that, thanks for the correction.
It's not whether you win or lose; it's whether or not you had a good bet.
billryan
billryan
Joined: Nov 2, 2009
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July 16th, 2020 at 8:42:55 AM permalink
does a slots only casino have a different type of license than a mixed-use casino? Would it have to re-apply for anything if it stopped table games and then brought them back at a later date?
MichaelBluejay
MichaelBluejay
Joined: Sep 17, 2010
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July 17th, 2020 at 10:13:47 PM permalink
Quote: CrystalMat

Itís a marginal case, but the Rio sold last year and is being leased back by Caesars.

Thank you, CrystalMath. For those who didn't know about this and similar deals, here's the scoop:

Starting list year, both Caesars and MGM sold the real estate (land+buildings) of certain casinos, with the new owner immediately leasing the properties back to Caesars and MGM. So, for those casinos, Caesars and MGM are renting the properties from a landlord. They did this to get a big influx of cash in order to weather future recessions (which seems downright prescient now). I'm familiar with this kind of deal because I was on the board of directors of a co-op housing non-profit that did the exact same thing: sold one of the properties to get a bunch of cash, with the new owner immediately leasing the building back to us to operate.

So, interestingly, MGM is no longer the owner of the building+land of the MGM Grand! They're actually still a partial owner, since the real estate is jointly owned by two companies, one of them being a sister company of MGM Resorts.

Anyway, my list of "Who Owns What" is about who owns the casino business, not the real estate, so Caesars is still listed there as the owner of the Rio, since Caesars owns the Rio casino business.

It's like with most local restaurants: someone owns the restaurant business but the land+building is rented from a landlord. When someone asks who owns, say, Sushi Wonderland, s/he's usually interested in who owns the business, not who owns the real estate.
Wizard
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Wizard 
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Thanks for this post from:
MichaelBluejay
July 19th, 2020 at 1:19:41 PM permalink
Here is a picture from the Casino Royale I took yesterday afternoon of the area that was formerly the table games pit.



I know a skeptic could say that could be any casino at any time or was Photo-shopped, but it's important to me that there is some evidence to support my claim the tables were removed.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
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Wizard 
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MichaelBluejay
July 21st, 2020 at 8:29:35 AM permalink
Posts about my carpet quiz have been split off to WOV CARPET QUIZ IS BACK!
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
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Wizard 
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MichaelBluejay
July 31st, 2020 at 2:25:31 AM permalink
The Longhorn casino has removed their three blackjack tables and is now slots only. I wish to emphasize the tables are physically removed and not just closed.
It's not whether you win or lose; it's whether or not you had a good bet.
MichaelBluejay
MichaelBluejay
Joined: Sep 17, 2010
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July 31st, 2020 at 4:25:56 AM permalink
Another one bites the dust. I updated the relevant pages. Thanks for the heads up!
Wizard
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Wizard 
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July 31st, 2020 at 6:35:16 AM permalink
Quote: MichaelBluejay

Thanks for the heads up!



You're welcome.
It's not whether you win or lose; it's whether or not you had a good bet.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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July 31st, 2020 at 6:40:05 AM permalink
Quote: Wizard

The Longhorn casino has removed their three blackjack tables and is now slots only. I wish to emphasize the tables are physically removed and not just closed.

Sigh.
Sic transi gloria something.
smoothgrh
smoothgrh
Joined: Oct 26, 2011
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July 31st, 2020 at 10:47:51 AM permalink
Quote: Wizard

The Longhorn casino has removed their three blackjack tables and is now slots only. I wish to emphasize the tables are physically removed and not just closed.



Very disappointing. I had the pleasure of visiting last year, and though the Mrs at first seemed hesitant about going in, the experience of their blackjack tournament and friendly dealers was a highlight of our Vegas trip.
Last edited by: smoothgrh on Jul 31, 2020

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