1. Don’t have to keep “OpCo,” “PropCo” and “LandCo” straight anymore.
2. No casinos placed in receivership or shut down.
3. No more having to spell-check whether it’s Judge “Greg” or “Gregg” Zive. (It’s the latter, in case you were wondering.)
4. Nobody has to rebrand Texas Station and Santa Fe Station “Texas Town” and “Santa Fe Coast” or whatever.
5. A windfall for an army of law firms ($18 million in billings and counting). It’s good to see somebody prospering in this economy.
6. No need to fret about the anti-trust implications of Boyd Gaming taking on 11 additional locals casinos.
7. Ditto the consequences for Boyd of having that much greater exposure to a weak locals market, plus …
8. … we can all get back to talking about when Echelon will resume. Or not.
9. Life is much too short to be spent deciphering bankruptcy-court filings.
10. We can focus instead on how Colony Capital CEO Tom Barrack‘s East Coast casinos are doing (i.e., not well).
11. There’s still a chance that we’ll see Neverland Ranch transplanted by Colony to Tropicana Ave., where Wild Wild West currently sits. Imagine the publicity, the tourism, the tax revenue, the overall mishegas …
12. It’s over, thank God.
Love it!
Station Casinos should consider building a water theme park similar to the closed Wet N Wild (which used to be at the Fontainebleau’s current location at the north end of the Strip) at the Wild Wild West location at Tropicana and Dean Martin Drive. Viva will probably never be built anyway because projects that big do not make sense any more in Las Vegas.
A very nice water park might cost $25 million to $30 million dollars to build (that’s a guess) and they currently have over 100 acres of land there. Since it’s only one mile west of the Strip they could attract both tourists and locals. They could even keep the Wild Wild West open if they wanted to. It would probably take 9-12 months to build and would put hundreds of laid off construction workers back to work.
Paul –
“It would probably take 9-12 months to build and would put hundreds of laid off construction workers back to work.”
Sorry to burst your bubble, but according to Anglenomics that would be “just rearranging the deck chairs on the Titanic.” Those construction workers would just leave the jobs that they don’t have now to take the new jobs. Can’t argue with that logic, can you?
(Aside to David McKee: Did ReCAPTCHA lose their dictionary? It was a lot more fun when we could make up little stories from the combinations of REAL words.)
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