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Poll : 14 April - 27 April 2021

Q:

This poll was suggested by Thomas D, whom we thank for it.

The first thing we need to make clear is that it's thus far unclear who will operate the Venetian. Both the real estate investment trust that's buying the land (VICI Properties) and the holding company that will arrange for the operators (Apollo Management) are connected to Caesars (and you can read the recent QoD in which we analyzed it), so it's a distinct possibility that the new Caesars Entertainment management will be in charge on the ground. Still, nothing official has been announced; it could go in a completely different direction.

So the question is, if Caesars Entertainment does end up running the Venetian/Palazzo, what will it look like in 12 months from the player's and guest's perspective?

We were planning on going with three choices: better, worse, or the same, but thanks to excellent reasoning by dblund, we changed "same" to "similar." 

There are a myriad of reasons that respondents will have for their better-worse-similar choices, so as suggested by Roy, we're sticking to the KISS principal. Obviously, you can vote for only one choice. You can, as always, express your opinions and beliefs in the comment boxes -- and thank you for participating. 

 

A:
749 Total Votes
If taken over by Caesars, the Venetian/Palazzo will be worse.
68% (511)
If taken over by Caesars, the Venetian/Palazzo will be similar.
27% (201)
If taken over by Caesars, the Venetian/Palazzo will be better.
5% (37)

Analysis

These results definitely speak for themselves. 

Caesars Entertainment is, without a doubt, the dog when it comes to improving the way the Venetian and Palazzo have been run since they were built and opened by Las Vegas Sands. More than seven out of ten respondents are pessimistic about the results of a Caesars takeover of these two upscale casino-resorts. The rest, for various reasons (better poker room, more extensive loyalty program, and online gaming and mobile sports betting, to name the big three), are optimistic.

Of course, we won't know for a while which casino company will ultimately manage the properties, so we'll have to wait and see what happens.   

 

No part of this answer may be reproduced or utilized in any form or by any means, electronic or mechanical, without the written permission of the publisher.

Comments

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  • Hoppy Apr-14-2021
    A tough act to follow 
    Sheldon Adelson kept taking his properties higher and higher 

  • Jeffrey Small Apr-14-2021
    No Way...
    There is no way that Caesars will spend the kind of money that previous management spent on the property.  I recall when the hotel was new Mr. Adelson decided that the canals didn't look right--so he drained them and painted the bottoms dark--tell me that corporate management will spend that kind of money to create the illusion of being in Venice!

  • Ray Apr-14-2021
    I shouldn't vote
    Actually I did not vote. I have only been to the Venetian once and that was in the first year of its existence. So I don't really have a perspective. However, my opinion is that it will probably become very "Caesar-like". So I think that for those who preferred V to the C's the answer should be worse and for those who preferred the Caesars, it will likely be better.

  • Luis Apr-14-2021
    Tough Act Indeed
    Mr. Adelson made shure the Venetian Experience was special for guests and players, tha same with Michael Gaugahns Coast Casinos before they merged with Boyd, The same with Mr Wynn before MGM took over his properties, they cared about the experience, service, they cared about their customer, things corporate Giants don't, they just care about how much money they can shake out of you, so what good can that mentality bring to the Venetian/Palazzo?

  • RichM Apr-14-2021
    Better for me, at least
    I refused to walk inside either building once Sheldon Adelson starting lobbying to ban internet poker. And, I'm Seven Stars. So, for me personally, if Caesars takes over it will be a big positive. :)
    
    But, Vici has non-Caesars properties (like Hard Rock Cincinnati). Given the proliferation of Caesars properties in Las Vegas, it wouldn't surprise me at all if they went with a non-Caesars entity here.

  • Kevin Lewis Apr-14-2021
    Caesars could ruin anything
    Ah, the endless cycle of Vegas life:
    1. I visit the Venetian. Though the gambling is high-limit and Strip-horrible, I like the poker room and the restaurants.
    2. I read the Review-Journal. I want to throw up; it's a right-wing propaganda rag.
    3. I find out that both the Venetian and the R-J are owned by Sheldon Adelson.
    4. Adelson dies. I rend my garments in grief.
    5. Caesars eats the Venetian.
    6. Suddenly, I miss Adelson. At least the trains ran on time.

  • jerry Apr-14-2021
    Seen it before. . . 
    After seeing what happened to really great hotels after Caesars Entertainment got a hold of them, I don't hold out any hope for the Venetian property. I a year it will be as bad as all the dumps Caesars has now.  They are just one step away from becoming a Circus Circus. God bless Sheldon, he knew how to make a property hum.  God help us when Wynn goes, Las Vegas will fully turn into a dump.

  • gaattc2001 Apr-17-2021
    I didn't vote either. The question--like the strip itself--is almost irrelevant to me.
    Like Ray, I visited Venetian once, shortly after it opened: once was enough. And the same for Wynn.
    As for the rest of the strip, I've been to Caesars Palace once, to a restaurant; to Harrah's once, to a poker tournament, dodging time-share hustlers coming and going; and to a few shows here and there: Breck Wall, Mac King, Rich Little, Fantasy, etc. But that was before parking fees.
    For the future, I might go back to the strip, most likely for poker, if my significant other insisted ("yes, dear...") but I wouldn't suggest it myself. Let's just say I'm probably not in their primary target demographic, and the feeling is mutual. And it's pretty much the same downtown.
    There are still a few off-strip places worth visiting; but only a few, and getting fewer all the time. As Jerry puts it, Las Vegas is turning into a dump. The sad thing is that I've been watching it turning into a dump in slow motion, for over fifty years.
    And thanks to Kevin for the new (to me) term: "Strip-horrible."