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Downtown Las Vegas Continues Hot Streak, Nevada Casinos Top $1 Billion in Revenue

Discussion in 'Casino Industry & Development' started by Drewm1972, Mar 1, 2017.

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  1. Drewm1972

    Drewm1972 VIP Whale

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  2. Rush

    Rush MIA

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    I think the economy might have more to do with it than parking issues.
     
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  3. vegasdev

    vegasdev VIP Whale

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    I wonder if this has anything to do with the stingy offers coming from Boyd's these days.
     
  4. Drewm1972

    Drewm1972 VIP Whale

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    There was an article within last week that "strip hotels" were charging highest room rate EVER per room than ever (within last year) average like $150 range.... and people are paying it not to mention number of visitors are setting new records..
     
  5. Rush

    Rush MIA

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    So, there is no incentive to give us a bargain. Downtown will follow at some point.
     
  6. hammie

    hammie VIP Whale

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    A rising tide lifts all boats.
     
  7. woodsie

    woodsie VIP Whale

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    What's missing from the strip is new rooms coming online. I'm looking for a chart online showing room count growth but I'm having trouble. I feel reasonably confident to say that the rate has stagnated in the 2010's compared to the 1990s. Cosmo and Aria have come online but the strip has lost the Startdust, Riveria, Frontier, Westward Ho with nothing built in their place.

    Mark my words. Room rates can eventually get to a point where money comes out of the woodwork to build new towers left and right. There's all sorts of buildable land inventory on the north strip and who knows what Derek has planned for Downtown on all the properties he just purchased.
     
  8. hail2skins

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