This week in Vegas news was dominated by casino operators reporting earnings. Sometimes these calls offer insight into future plans for the businesses. Other times these casino earnings calls offer financial information that helps explain the Vegas experience. This earnings period has a combination of both without any major breaking news.
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.
Just over a year ago, Derek Stevens owner of the Golden Gate Casino purchased a few properties on Fremont Street. Included in the purchase were the casinos formerly known as Mermaids and La Bayou. La Bayou was on the south side of Fremont Street and also closed. This casino is now a part of the Golden Gate casino. La Bayou casino and an alley in between the Golden Gate are now a part of a large expansion of the casino floor at the Golden Gate.