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DTG begins third hotel tower

Discussion in 'Casino Industry & Development' started by hail2skins, Jan 7, 2019.

  1. hail2skins

    hail2skins High-Roller

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  2. vegasdev

    vegasdev VIP Whale

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    sounds great, but this one still baffles me.
    the casino is always empty, and room offers/comps are scatter-brained.
    I keep hoping they will get it together.
     
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  3. TJC

    TJC High-Roller

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    Awesome, now there will be two hotel rooms for every slot machine....the same ratio as Caesar's Palace!
     
  4. vegasdev

    vegasdev VIP Whale

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    what is the industry standard?
     
  5. TJC

    TJC High-Roller

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    Lol, I have no idea, but I will predict with some certainty that the DTG leads the industry in the hotel rooms to slots being played ratio at most times already.
     
  6. LvBlitzforce

    LvBlitzforce Low-Roller

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    What the hell? Every time i go in there its a total ghost town. I really hope they dont ruin fremont ...
     
  7. blissfulignoramus

    blissfulignoramus Low-Roller

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    I don't get it either. Where is the money coming from?

    It will be located at 4th and Ogden, which I think is a good thing for that stretch, which is a mixed bag of unrehabbed and promising businesses. I'm all for this, but I expect DTG to mess it up.
     
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  8. mikel123

    mikel123 Not A Lawyer

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    Everything about that place has been scatter-brained since shortly after it opened. I pretty much make one stop per year there to redeem my ACG & LVA offers and it's downright depressing these days.
     
  9. vegasvp

    vegasvp Low-Roller

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    Didn't stop there on my trip last year. Don't plan on stopping this year either.
     
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  10. woodsie

    woodsie VIP Whale

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    Is their hotel empty though or are they selling their rooms? I don't know the answer to that but I'm sure the people making the investment do.

    It's not like the good old days when hotel rooms were a loss leader to get people into the casino. In 1984, gaming generated revenue at a 5 to 1 ratio with the rooms. In 2017, that ratio was down to less than 2 to 1 with Food and Beverage similarly increasing in importance.

    Gaming is still important but new hotel rooms are much easier to justify on the merits of room revenue alone than they were 35 years ago.

    FWIW, I'd expect that having more rooms will put more people in their casino. Hotel occupancy rates in Vegas exceed 90% right now so if they build it, people will come.
     
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  11. Guy

    Guy High-Roller

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    I believe the hotel part has a decent occupancy percentage. I stayed there in December and there were plenty of people about. The restaurants across the street were all busy (I assume they pay rent to the hotel).

    The casino is probably larger than some of the other Downtown places which doesn't help the feeling of emptiness. The table games seemed quiet whenever I was passing.

    The renderings of the new 'tower' look like an off the shelf hotel design that you could see anywhere, and is only 8 floors tall so probably pretty cheap to build. The existing main entrance/valet is where the new tower will be, so they must also be putting some effort into making the 3rd Street side of the building into more of a welcoming entrance area.
     
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  12. woodsie

    woodsie VIP Whale

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    Believe it or not, it's actually one of the smaller casinos downtown at 24,000 SF. Looking online at a list of casino sizes, it looks like it might actually be the smallest now that LVC is gone.

    It's probably a combination of machine density and high exposed ceilings that give it the impression of size.
     
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  13. mikel123

    mikel123 Not A Lawyer

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    I believe it. They don't have any gaming in the lobby, by the elevators, or in the second tower. Contrast that to the rest of them which have a machine in every place possible.
     
  14. grosx2

    grosx2 Have fun storming the castle!

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    Wow that is downright tiny....even the Cromwell is 70% larger!
     
  15. LOCALGAMBLER77

    LOCALGAMBLER77 Local Las Vegan

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    Apparently this was announced in 2017 (per google) but nothing really happened with it and they announced it again. I live here in Las Vegas but have not noticed construction there. The last couple of times I went in, it seemed more crowded than it had been in the last couple of years. I gave up gambling much there when my host left a couple of years ago, but I remember that the suites were very nice and the rooms as well.
     
  16. Guy

    Guy High-Roller

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    Someone posted a picture on Twitter showing the area that side of DTG has already been closed off, so construction must be starting soon (hence the re-announcement).
     
  17. hail2skins

    hail2skins High-Roller

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  18. Stinkfinger

    Stinkfinger Tourist

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    Hotel is actually I think pretty full. From talking to a host one time I got a good deal and my friend called later and was told he got a higher rate because they were almost full. Also When checking rates for friends I’ve saw some weekends where suites aren’t even an option to book on line. Casino isn’t that busy of course but I think the hotel is. Rooms are reasonable and nice, decent pool, and quick access to travel. When I was there on Presidents Day weekend there was a whole travel baseball team there(teenagers and parents) staying for a tournament. Also I’ve seen Frontier pilots and flight staff staying there as well.
     
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  19. Don the Dentist

    Don the Dentist LV resident

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    I wish them well, but its all about location. One block makes a gigantic difference.

    They need some sort of "people mover" from Fremont Street to Ogden Avenue along 3rd Street. Remember the old moving walkway in front of Bally's?

    They could also get more competitive in their video poker offerings. How about offering a "boatload" of progressives all around the property?
     
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  20. AlPal

    AlPal Vegas Addict

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    I have played quite a bit there in the past, and actually really like the property. However every time I reach out to a host to see about staying a couple nights they always give me a rate that is similar to what I can book on their website, so I have stopped visiting. Why on earth would I pay to stay there when I am comped at GN or The D almost anytime I want? You have to do better than that!
     
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