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Question on Lake Las Vegas...

Discussion in 'Living in Sin (City that is)' started by triciahp1122, Sep 9, 2012.

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  1. triciahp1122

    triciahp1122 Newbie

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    I'd like to get some opinions and and information anybody has on Lake Las Vegas and what the current state of the economy is there. Is it a ghost town? Is it heading in that direction? What about real estate? Plummeting still or starting to go up? Last but not least anybody know anything about the Via Mantova Development and whether or not this is a development worth investing in?

    Thanks so much!
    Tricia
     
  2. Dean Martin

    Dean Martin VIP Whale

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    I've wondered the same thing, glad you asked. Hopefully some people will have some good insight
     
  3. Someone

    Someone High-Roller

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  4. vegasbound

    vegasbound Moderator

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    Life is slowly being restored in LLV, the reopening of the casino last year was promising, but it's still a ghost town. It has quite sometime before it bustles. I'd be weary of investing in LLV, it's far out and not too self sufficient so there is little demand. When it boomed before it was on the promise of all the great stuff to come. We all know how that worked out. Vegas has to bounce back before LLV has a chance, at least, in my opinion.
     
  5. tatterdema

    tatterdema VIP Whale

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    I definately would be careful. Homeowner dues are running about $1200 a month up there....
     
  6. mickeydfly13

    mickeydfly13 Tourist

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    Any comps reports on what it takes to get what at the casino at LLV? Looks like a scenic place to stay, but hard to pass up free rooms on the strip.
     
  7. shifter

    shifter Degenerate Gambler

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    we went there last year and stayed at Ravella. it's a bit of a ghost town but the reason we went was because we had events on back to back weekends and wanted to get away from Vegas for a few days in between. so being fairly deserted was perfect for us. the casino hadn't opened yet, but was due to open the week after we were there. we played golf at the Nicklaus course nearby, which was a lot of fun and not that expensive.

    i wouldn't look at investing there unless you liked the property and wanted to use it for vacation. but strictly as an investment, it could be many years before any sort of influx of people.
     
  8. shifter

    shifter Degenerate Gambler

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    their website says:

    i read somewhere else that it's $1 per point on slots, $2 on VP. that means $250 coin-in gets you $1 cashback, which would be about 4% comp rate assuming a 10% hold. terrible. however, it does say they have a lot of great 100%+ paytables on VP, so as far as fullpay goes, it does sound like it's a great place to find some good games.
     
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