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Nevada: The Stupid State
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They burned the Monte Carlo ... and may get away with it
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Posted At : July 2, 2009 10:37 AM | Posted By : D McKee
Related Categories:
Entertainment,Pennsylvania,Economy,Herbst Gaming,The Strip,Atlantic City,Labor,Sheldon Adelson
Unfortunately, it does not involve some Cinemax hottie like Kim Dawson but rather Mayor Lorenzo Langford, who's doing a fan dance involving Bader Field. He's had discussions with interested developers -- too interesting to discuss! He'll have "exciting" revelations -- too exciting to reveal! And it will -- brace yourselves -- "have some connection with casino gaming."
Why, you could knock me over with a feather.
Right-sized into oblivion. The workforce at Palazzo-Venetian has fallen below 7,000 with yesterday's purge of 194 employees. "It's an effort to continue to right-size our business," wailed the company. Geez, if they're so intent on trimming the ship, how 'bout asking for a give-back from their $2 Million Man, President Michael A. Leven?
Sands bombs in Bethlehem. Forget those roseate cash-flow projections Sheldon Adelson made when building Pennsylvania's second-most-expensive casino. Revenues at Sands Bethlehem have been in a steady decline since the place opened, reducing it to the #5 casino in the Keystone State.
Primm and proper. Although Sin City Kitties has closed (sniff!), there's still reason aplenty to visit the Herbst Gaming trio of casinos in Primm, Nev., Liz Benston contends. Most of those reasons entail copious freebies ... or at least bargain-basement prices.
The story doesn't mention the single most interesting phenomenon I've observed out there: a higher-than-[Strip]-average number of African-American and Latino players (it's the most integrated casino floor I've set foot upon). But Benston's look-in makes a strong case for those of us who think Herbst CEO Ferenc Szony is the man to turn these places around.
The money quote is from Szony's man in Primm, General Manager Michael Starr, who says, "I have yet to make money on a vacant room in this business." There's but a few CEOs in Vegas who couldn't stand to have that chiseled into their bedroom wall so that it's the first thing they see in the morning and the last thing at night. Those are words of wisdom, Mr. Starr. Long may you flourish.
There's theatre in Vegas. True, you have to poke around behind the dodgy Sportsman's Royal Manor on Boulder Highway to find it sometimes. But the trip to the dark side is definitely worthwhile.
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It's not that Primm Valley means anything either, but there's just a sort of lower-class brand equity to me with the Terrible's name since they are, first and foremost, competing locally with Seven-Eleven, and I wouldn't go to a 7-11 hotel, either.
Then again I could be in the minority on this one.