Las Vegas Real Estate
Stiffs & Georges
They burned the Monte Carlo ... and may get away with it
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They burned the Monte Carlo ... and may get away with it
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On the Strip, Trump is the latest condo developer to be sued by his own tenants. Chalk them up as yet another group of real estate buyers who are learning that a Vegas condo isn't the investment it's cracked up to be. Besides, anybody thinking they can rent out a condo on the Strip for $650/night midweek just isn't doing their homework.
Non-participation? There's a rumor afoot that MGM Mirage is pulling all revenue-participation games from its casino floors. Asked to verify the accuracy of aforesaid rumor (which came by way of an extremely reputable source), MGM's Alan Feldman responded:
We are changing the mix of our gaming floors (which, in general terms is always on-going) and, where appropriate, we are removing some participation games. There is no “one-size-fits-all” approach, but in some cases, we are making changes. It has only come after considerable deliberation at each property. By way of example, while some participation games are being removed in Las Vegas, those same games may well remain in Detroit or Biloxi.
Over at Station Casinos, they were kind enough to respond to our query as to why $662 million Aliante Station was going with a mix of in-house restaurants and franchises (a 90-degree shift from current policy at Red Rock Resort and Green Valley Ranch). Quoth media rep Lori Nelson:
While we have had an emphasis on creating our own restaurant concepts in the past, we also like to strike a balance of bringing entertainment amenities and offerings that the surrounding area needs/desires. As such, we held many community meetings with area residents and associations from the time we acquired the [Aliante] land to get their input. We also studied the area as well and determined that we would like to create an F&B line up that was a mix of our popular venues together with some new and exciting partner tenants. Obviously Rino Armeni opening up his first restaurant with us was a huge [coup]. We also liked the Camacho family out of Southern California and felt their style of casual Mexican dining was a good fit for Aliante and a new restaurant concept into the market.
Another recent example is LBS joining the ranks of Red Rock (the burger bar is owned by Billy Richardson). We had a void for a good burger joint in Summerlin and this was a great addition to our dining line up. And of course, we've had a great partnership with Original Pancake House at Green Valley Ranch. The line is always out the door there and the area residents are thrilled that the franchise owner, Stephan Freudenberger ... and TGI Fridays has just come into the market so strong and we felt they rounded out the offerings for the N. Las Vegas community.
Finally, we have brought our signature seafood/steakhouses (we have MRKT Sea & Land at Aliante Station) and The Feast Buffet to Aliante Station. Our steakhouses such as Austin's at Texas Station, Hank's Fine Steaks and Martinis at Green Valley Ranch, Sonoma Cellar at Sunset Station, Charcoal Room at Santa Fe [Station] and T-Bones Chophouse at Red Rock are very popular with the locals.
The food court is a staple throughout most Station Casinos properties. The location is right near the movie theatres and arcade (family friendly area) and in close proximity to the race and sports book and the poker room, so another convenient food option that can be brought into those gaming areas. Don't be making fun of Dunkin' Donuts. I'm a girl from Detroit and am ecstatic they are here.
No offense intended. We've been known to break bread there ourselves.
Speaking of Station, our earlier report on the duo of dipshits who were busted for child endagerment at Tuscany Casino, elicited a note from a reader who'd "heard from a dealer at Red Rock some time ago was about how often people drop their kids off at Kidquest (or whatever they call it [Kids Quest -- Ed.]), then lose all their money gambling leaving them with nothing to pay for their kids' time there. They really should charge upfront."
Agreed. As for all you parental deadbeats out there, the good news is that well-funded programs exist in Nevada to help you get out of your disordered behavior before you pass that rampant douchebaggery onto your unfortunate kids.