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What will Circa do to the market downtown?

Discussion in 'Downtown Hotels' started by WolfpackRobNC, Oct 8, 2020.

  1. Legion

    Legion Tourist

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    All businesses have a price point to survive. Competition is great, until it becomes counterproductive.. 99 a night for Circa or 79 for Nugget? 59 for the D or 49 4queens? 40 for Golden Gate or 29 at Plaza? If room rates drop below profit/ break even point hotels will suffer.. No money for employees no money for infrastructure and so on.. Remember your dealing with a value based customer.. 20 dollars to you might not be a lot to them it’s an extra 20 dollars that if they don’t have to pay they won’t.. This whole Circa idea is going to be Fascinating to watch unfold..
     
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  2. shokhead

    shokhead No big spender unless eating drinking having fun!

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    Rooms are not the money maker. Most older places are spending next to nothing on infrastructure as to keep things lower. Circa won't make any difference as it's just another choice ut as you said, Fascinating to watch unfold
     
  3. Legion

    Legion Tourist

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    Rooms have associated price cost point. HVAC, electric ,water, supplies, cable, insurance, regulations, employee labor, taxes, debt payments and lastly profit for the business are all tied into room price. If 4queens room cost is 34 a night, they need to charge at least that amount anything lower and they’re losing.. If loss continues business folds.. Only business I know who actually flaunts losses is Costco. Costco’s Rotisserie chicken has stayed at 4.99.. It’s a lost leader for Costco’s so is the 1.49 hotdog and coke.. Yet Costco doesn’t raise the price because of the Perceived value of those items to their customers.. Customers actually spend more walking to back to get that chicken then they normally would.. Marketing ain’t it great? I just don’t see how Fremont Street hotels could/would accept losing money on rooms and stomach it.. 5 dollar blackjack and 10 craps 99.6% video poker doesn’t leave a lot of wiggle room.
     
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  4. LvBlitzforce

    LvBlitzforce Low-Roller

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    This is a great post. ^^^^^^^^^

    Pretty much sums up why i posted months ago on here why i thought or could see Circa being a bust... Of course i dont want them to and have already been there gambling but im just not seeing "it" happening downtown.
     
  5. vegasdev

    vegasdev VIP Whale

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    It will be a while before it all shakes out. For sure.
    I for one, like competition.
    I am not the high roller that they may seek, but I am glad that they are there.
     
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  6. Vegas348fan

    Vegas348fan Tourist

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    Wow a lot of powerful opinions. I'll reserve mine for next month when I arrive.
     
  7. AceRothstein80

    AceRothstein80 Low-Roller

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    I actually have not looked into the prices yet, because I don’t plan on going till the Rona subsides some(if ever). I am not an anti-masker at all, but Vegas in masks doesn't sound fun to me. Plus I like going when a concert or UFC fight is going on.

    if it’s as expensive as Wynn that kinda sucks. I think as some time goes on, and the newness wears off, the prices may drop. That and maybe any kind of rate break I can get from previous D play. I’m probably willing to pay up to stay there atleast once, then see how the offers come back in the future.
     
  8. gregluvsvegas

    gregluvsvegas Roller

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    This thread is very long, but I was looking at the video stream of Circa. I am not sure if this question has been asked before, but what on earth are they going to do if they ever decide to do something with The Mint (Binion's) hotel tower? From what I see there are 2 options. Remodel what is there (and deal with asbestos abatement) or tear the entire block down much like they just did next door. Implosion seems out of the question. A floor by floor dismantling seems impractical because there is activity everywhere around the base of the building. Almost all options seem cost prohibitive. Seems that Binion's missed a major opportunity to make a move, one way or the other while Circa was under construction. Thoughts?
     
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  9. mike honcho

    mike honcho Low-Roller

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    To add to my observations at the circa this weekend. I walked around the property and played a few slots. I only visually observed 2 cocktail waitress total in my walking tour of the casino. No beers were obtained during our time playing slots and games. Saw a bunch of $15 blackjack and craps tables . Nice property......I hope it does well but they gotta tighten up the cocktail service. Had same problem at golden gate casino finally gave in and went next door and bought 2 beers at the convenience store. If your not on a table game at golden gate drink service can be severely laking. The derby up stairs at the d ..stellar drink service all 4 times we went there..A++++
     
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  10. BoVegas

    BoVegas Low-Roller

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    Well it did not take long, we have made 7 trips in 2 & 1/2 years $4,000 gambling budget each trip stayed at The D, wife & I comped 6 nites at D, 6 nites suite at the Golden Gate, just got a fancy mailout from Stevens, Jan Feb 2021 offers for wife & I total of 2 comped nites at The D, 3 nites no suite at GG. We will use D comped at D in Dec, gamble at other casinos, & search for new home, it has been fun & Thanks for the freebies. But Derek it did not take long to jettison us.. Love Vegas & we will return wish you all the best with The Circa.
     
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  11. Trailer666

    Trailer666 Low-Roller

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    I used to get 3 free nights at the Golden Gate until July 2016. I had the worst room ever in the Golden Gate that July. It was so bad I checked out 1 day early. I filled out a comments card complaining about my room and never had any offers since nor have I stayed there. No loss in my opinion.
     
  12. woodsie

    woodsie VIP Whale

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    I really don't see any compelling reason why they can't take it down the same way that Circa was taken down. Piece by piece, one chunk at a time. Circa's demolition was managed while business as usual carried on throughout Fremont St. If there is a will, there is a way. The force of Derek Steven's will on his project was about $1 Billion. You can get a lot done in a city block for $1 Billion.

    Really the only question left at this point is if Circa pans out or not. If it does, more investment will follow at a similar scale. If not, it'll be a one off that stands alone for decades before someone tries again.
     
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  13. duceiswild

    duceiswild Tourist

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    We always go out the first weekend after New Years and stay downtown. I am generally comped in the GN Rush Tower, but always booked a second room at either D or GG for one of my friends, fully comped Friday-Monday. Last year, spent at least 2-3 hours per day in the "high limit" area at GG playing $25 BJ. Called this year to book the room, and no comps available at D or GG (wasn't expecting Circa), so it appears that Derek is tightening up with comps at his other properties, at least around the hotel grand opening for Circa.

    We will definitely still visit and likely play at Circa if the trip materializes, but disappointed that its impact appears to be affecting the other Stevens' properties at this point.
     
  14. Golfer

    Golfer Well-Known Member

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    D / GG has always had better comps for regulars. When I want to be comped at D, I need to call. I never have offers. I play larger, but very occasionally.

    So the best example of this I can give is that I had zero offers from any DS property, but they did reach out about Circa opening, and have stayed in contact. I really haven't been overly interested, and eventually they'll stop communicating, and at that point if I want to go, I'll need to call.

    It's similar to Palace Station for me. Offers online, but very poor offers. When I call, it gets handled.

    That's my experience. It's different than CET, but I'm guessing CET eventually be the same for me as I go much less frequently. I don't even really look at offers at this point as they seem meaningless.
     
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