DrEntropy
DrEntropy
Joined: Nov 13, 2009
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June 16th, 2010 at 9:44:00 AM permalink
Does anyone how to determine which casinos are in the "Boulder Strip" in the Nevada Gaming Revenue reports? I think I found a post on here with the casinos listed, but cant find it now. I seem to recall it included things as far away from the boulder strip as the "M".

Thanks!
"Mathematical expectation has nothing to do with results." (Sklansky, Theory of Poker).
FleaStiff
FleaStiff
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June 16th, 2010 at 10:14:59 AM permalink
Its hard to tell about government entities and how they "think".

The M is, I believe, in Hendertucky. Or as the politicians call it: Henderson.
Its so new it might not be in very many statistical reports. Isn't it just over a year old? Or has my mind skipped a year?

The Gaming Commission keeps referring to the Airport Slots by some humungously long monstrosity that nobody ever uses.

I guess technically The M is a Locals just as much as the Boulder Strip is despite the M being on the same Las Vegas Blvd as all the Strip casinos are even though they are about seven miles distant. I hope there is a reliable way to drill thru the data and find out for sure. Its like those misleading figures for 25 cent slot machines... for a long time those figures included Video Poker machines.
pacomartin
pacomartin
Joined: Jan 14, 2010
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June 16th, 2010 at 1:32:11 PM permalink
Quote: DrEntropy

Does anyone how to determine which casinos are in the "Boulder Strip" in the Nevada Gaming Revenue reports? I think I found a post on here with the casinos listed, but cant find it now. I seem to recall it included things as far away from the boulder strip as the "M".

Thanks!



They don't post the casinos by geographic area, as it is considered classified information. Anything that helps you get close to figuring out an individual casinos finances is considered classified.

I wrote a computer program to go backwards from the database to determine which casinos are in which geographic areas. I don't have the list in front of me

According to my calculations M Resort and Green Valley are included in the Boulder Strip calculations. Since South Point, and Silverton are not included I think their reasoning is that anything with a Henderson adress is included. A Gaming Overlay map of city of Henderson includes both Green Valley and M Resort which are at far boundaries of the jigsaw map that is Henderson.

There were a total of 32 casinos in this geographic group that made over $1 million in fiscal year 2009. These are the principal licenses.

03274-02 SAM'S TOWN HOTEL & GAMBLING HALL
17503-01 BOULDER STATION HOTEL & CASINO
16690-01 SUNSET STATION HOTEL & CASINO
27038-01 GREEN VALLEY RANCH STATION CASINO

30405-01 M RESORT SPA AND CASINO, THE
03659-03 EASTSIDE CANNERY CASINO & HOTEL

19166-03 FIESTA HENDERSON CASINO HOTEL
16017-03 ARIZONA CHARLIE'S BOULDER
00004-04 RAILROAD PASS CASINO

The code that the NGC gives to each casino has two parts. The first 5 digit number is given chronologically (Railroad Pass is 00004 because it was given on the first day in 1931). The second two digit number refers to the number of the entity that has owned the license. Sam's Town has the number "02" because it was founded by an individual in 1979, and then turned over to the public company BOYDGAMING that was formed in 1993.

HOT RUMOR: M Resort may be foreclosed on by the bank and shut down. The first major casino to close in the recession.
mantic59
mantic59
Joined: Nov 25, 2009
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June 16th, 2010 at 1:56:19 PM permalink
Quote: pacomartin

HOT RUMOR: M Resort may be foreclosed on by the bank and shut down. The first major casino to close in the recession.


Aw dang. Its a really nice place (that's in the middle of nowhere).
pacomartin
pacomartin
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June 16th, 2010 at 2:15:18 PM permalink
Quote: mantic59

Aw dang. Its a really nice place (that's in the middle of nowhere).



M Resort and Alliante Station were both built on the assumption that residential development would grow in their district. Both are losing money.

Something that I have wondered about is the cost of Vegas resorts compared to skyscrapers. The TRUMP tower in Chicago is 1,389 feet tall to the spire, just 67 feet short of being the tallest building in the USA. It could easily have been the tallest, except Donald's condominium buyers didn't really like the idea of living in the tallest building in the country, as it might bring unwelcome attention. The building has 486 luxury residential condominiums, 339 hotel rooms, and retail, office space, health club and spa. There are also one of the Chicago's seven four-star restaurants. Total is 92 floors with an area of 2,600,000 square feet, which is a few percentage points smaller than the Empire State Building's 2,768,591 sq ft.

It only opened in Jan 2008 at a cost of $ 847 million.

Why the heck should a locals casino with 400 hotel rooms like the M Resort cost $1 billion if one of the biggest skyscrapers in the country cost less?
mantic59
mantic59
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June 16th, 2010 at 2:43:04 PM permalink
Quote: pacomartin

Why the heck should a locals casino with 200 hotel rooms like the M Resort cost $1 billion?


"Bugsy" Siegel :)
FleaStiff
FleaStiff
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June 16th, 2010 at 2:46:51 PM permalink
Quote: pacomartin

M Resort and Alliante Station were both built on the assumption that residential development would grow in their district. Both are losing money.

Reasonable assumptions, but assumptions nevertheless. Surely they had some margin for error though.

>Why the heck should a locals casino with 200 hotel rooms like the M Resort cost $1 billion?
There's the rub. They wanted to be an upscale locals casino. So it was to be marble and the like, just no theme.
They put alot of money into infrastructure and wiring and superlative this and that, but most people don't want to deal with personalizing the room's curtains the moment they arrive. Most of the M's customers didn't want marble they wanted moderate.

96 Beers on tap? Wonderful. Hostile Grape? What a name to have chosen. As Single As You Want To Be? Poor marketing.

Yet the M Resort had tried to shift its focus: going after the hordes of yuppies interested in Concerts and Pool Parties. That was the one thing that was supposed to make the M resort stand out: a refuge from hordes of yuppie clubbers.

I hope they make it.

I really think casino developers should be able to describe their target market in thirty words or less ... and then stick to that market. Once they chose No Drunken Clubbers they should not have considered Rock Concerts or Pool Parties. Once they said Upscale, they should not have tried to focus on bottom feeders. Something was schizophrenic in their viewpoint and they thought thats okay: we will throw money around and the customers will come.
BigRoss71
BigRoss71
Joined: Apr 28, 2010
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June 16th, 2010 at 5:56:55 PM permalink
I hope it at least stays open for my trip in a few weeks. I really want to see the M, as i heard the buffet is excellent. 96 beers on tap sounds awesome to me.
DrEntropy
DrEntropy
Joined: Nov 13, 2009
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June 16th, 2010 at 6:15:31 PM permalink
Quote: BigRoss71

I hope it at least stays open for my trip in a few weeks. I really want to see the M, as i heard the buffet is excellent. 96 beers on tap sounds awesome to me.


Too bad they haven't been able to get the nitrogen mix right on the pub ales... they had it when they first opened, but now the Boddingtons is too bubbly. And now they serve it in a pilsner glass instead of a proper pint glass. Sort of symptomatic of the whole place... overall the place seems like it should be awesome, but in the details, not so much. Like the music... they pipe some disco mixed with 80s pop mixed with country. It's all things that are easy to fix! Don't get me wrong, I love the place, but it could be so much better!
PS: The buffet ~is~ excellent.
"Mathematical expectation has nothing to do with results." (Sklansky, Theory of Poker).
ruascott
ruascott
Joined: Mar 30, 2010
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June 17th, 2010 at 5:08:02 AM permalink
Quote: pacomartin


HOT RUMOR: M Resort may be foreclosed on by the bank and shut down. The first major casino to close in the recession.



Who is the owner of M?

Foreclosure? I don't typically think of foreclosure for a resort/hotel that large, but rather some sort of bankruptcy reorganization. Closing the property totally doesn't help anyone out of a bad deal, unless they are running some huge operating loss on a continued basis with no way out.

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