In January we previewed plans for Circa Las Vegas. The casino being built across the street from the Golden Gate will be the first ground-up casino on Fremont Street since 1980. Circa is the brainchild of Derek Stevens, owner of The D Las Vegas and Golden Gate casinos.
Las Vegas Luxury
Before I get to the “big” Vegas News about the Resorts World plan, I must say this has been a chaotic two-week stretch with friends visiting. So many people I know visit Las Vegas for work and/or pleasure. Being able to catch up with friends and acquaintances so frequently is part of what makes living in Las Vegas so great.
There’s not much of an introduction this week. While there was lots of little Vegas News, the wasn’t much big news. Also, I’m slightly hungover because of visitors.
Quarterly casino earnings calls and reports often have information that we can use to look at the current and future state of the companies. The calls, specifically, don’t have major breaking news. This week Red Rock Resorts (AKA Station Casinos) dropped a news bomb that was news but not all that surprising. Let’s just get to it because this is probably the biggest story to hit Las Vegas during the week. Plus, we will be talking (again) about Vegas fees.
Quarterly earnings are the best and worst at the same time. They often have interesting information. The earnings calls are another level. They often have additional commentary that isn’t in the reports and press release. Let’s explore more in Vegas News.
I have a great passion for a lot of things in Las Vegas. There’s always something new happening in Las Vegas and with the companies that operate here. As you know, deciphering casino corporation earnings calls is one of my favorite ways to analyze the industry. Let’s just get to the Vegas News.
What a week! The Global Gaming Expo (G2E) was a blur. That blur sparked many memories both inside and outside of the expo itself. I’ll share thoughts on G2E another day. Let’s direct attention to the Vegas News focusing on casinos sold!
Steve Wynn took all the lessons learned with the Golden Nuggets, both in Las Vegas and Atlantic City, and turned them into the Mirage, the resort that became the model for themed resorts for years to come. That success has driven us through the wild success of Bellagio, Wynn and Encore, Wynn Macau and Cotai, and the wildly inventive ideas coming to this day with Wynn Paradise Park, Wynn West, and Wynn Boston Harbor.
The plan was to have Wynn become the first resort in the world to use the Amazon Echo to handle tasks including lighting, room temperature, draperies, the television and the audio-visual components in their room. The press release said that the Echo would be installed in all rooms by summer 2017 calling it a “digital butler.”
Luxury is defined as “the state of great comfort and extravagant living.” By definition, everything in Las Vegas could be considered luxurious. When I think of Las Vegas Hotel Luxury, I’m thinking the best of the best. Las Vegas does luxury the way few other cities in the world do. Great service and amenities are almost second nature and provided seemingly without effort.