After today’s question about Virgin Las Vegas, I’m wondering how Circa has been doing since it opened?
Like Virgin, since Circa is privately held, we aren’t privy to any dollars-and-cents data.
That said, in its debut month (November 2020), in the teeth of the pandemic, it actually brought downtown casino revenues up 2%. It wasn’t just the novelty factor either. On most of our visits since then, both the sports book and Stadium Swim tend to be swarming with patrons, while other downtown properties are much less so. Also, downtown revenues remained relatively steady during the early months following Circa’s debut, rather than tailing off. So all the auguries have been favorable.
What’s it like today? Our sources confirm that Circa is doing very well. In fact, we hear that Circa was able to refinance its construction loan in just eight months of operation. "That’s pretty much unheard of," VitalVegas's Scott Roeben tells us.
It stands to reason. The Stevens brothers had plenty of experience owning and operating the Golden Gate and the D before designing Circa to provide what would attract Strip-goers downtown to stay and play. And that clientele seems more than willing to pay Strip prices for rooms, food, and amenities, about which some naysayers were dubious early on.
The vibe is festive and the quality is readily apparent almost everywhere you look. One tiny example is the pastrami in Saginaw's Deli, which we compared to the sandwiches from Binion's Cafe and Bagelmania in the December LVA. It won hands down for taste and came in second in price. And the service was astoundingly fast.
One more thing to take into consideration is that Circa opened at one of the worst moments in the pandemic. So if Nevada Gaming Control Board numbers are to be trusted, even though it has had to paddle up a COVID stream its whole life, Circa is a rising tide that's lifting all boats in Glitter Gulch.
Downtown was long overdue for a new and different casino product and the Stevens brothers have, to a great degree, fulfilled that need.
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