CASINO SOLD IN LAS VEGAS

#1
News just came out that Rio Hotel being sold by Caesar Ent. to a NY consortium. WSOP should be intact for at least 3 years. There had been rumours that Circus Circus would be sold.
 
#6
I wouldn't make that assumption, MrTop...I haven't heard anything but my guess would be that if Ruffin bought CircusCircus that it would be networked with his Treasure Island book...and "NY consortium" owner of Rio would be obvious target of William Hill/CG Technology/etc., though I guess maybe that would be open to possibility of a new company entering Vegas market. We can hope.
 

hcskip

EOG Enthusiast
#8
I've never been to Circus. I'm figuring it's among the last of the classic 'old-school' casinos. Hope I make it there before it gets revamped/torn down.
 

winkyduck

TYVM Morgan William!!!
#9
I've never been to Circus. I'm figuring it's among the last of the classic 'old-school' casinos. Hope I make it there before it gets revamped/torn down.
When I went to Vegas for the first time as 21 y/o my friend and I stayed at CC. Actually I was a few days shy of 21 but went because it was Spring Break. My friend was a few months shy of his 20th B-day but we both had no problem playing tables games or anything there. We ate at the CC buffet - the super cheap one. We paid about $2. We overpaid. It was the worst meal I have ever eaten. But when we drove home his back seat was filled with a zillion stuffed animals from CC. CC is a place you have to see but once you have been there once if you never see it again - no loss. I used to love walking from CC to "Slots of Fun" and getting the 99-cent 1/2-pound dog or Shrimp Cocktail.

As for the Rio it will be interesting where the WSOP is moved to next.
 
#10
I've never been to Circus. I'm figuring it's among the last of the classic 'old-school' casinos. Hope I make it there before it gets revamped/torn down.
It's not old school, its just old. They haven't put any money in it for 15 years. I'm not kidding, I have seen the pitch deck used for it. They mentioned upside potential for the next owner because of MGM putting zero growth capital investment. They only fixed what was so bad it had to or they would have had major issues. So if the carpet had a hole in it, they fixed that. If the carpet just looked old and dated but still in one piece no money was spent on that.
 

winkyduck

TYVM Morgan William!!!
#13
Older places like Stardust Riviera and even New Frontier had charm to them. Circus Circus did not, Still have the best Steakhouse around though.
And that is what is so shocking. When you hear CC has a Steakhouse you would assume it was a P.O.S. place but it is the exact opposite. It is unfathomable to know that a place like CC has a steakhouse that is among the finest. Not just in Vegas but in the World. It is so out of place it would be like one of the Lard-Trash-Ian sisters having a Brain.
 

Heim

EOG Master
#14
Rio was a hell of a buy.....it was the only Caesar's property that was debt free. I don't know who will run the place once
Caesars lease is up but they need to clean out the hookers. They hang out at the bars in plain sight. Families notice.
 
#15
Rio won't be what it is in a couple of years. The buyers are going to redevelop it into something else. They will keep a smaller casino and hotel for sure, but the days of a large casino with over 2,000 rooms are coming to an end.
 
#16
I wouldn't make that assumption, MrTop...I haven't heard anything but my guess would be that if Ruffin bought CircusCircus that it would be networked with his Treasure Island book...and "NY consortium" owner of Rio would be obvious target of William Hill/CG Technology/etc., though I guess maybe that would be open to possibility of a new company entering Vegas market. We can hope.

I am just getting my hopes up if there is some air left in the business ... I thought once it went legal things would open up more than it did everywhere. Tuley, I like your work from your site thru the years.
 
#17
I am just getting my hopes up if there is some air left in the business ... I thought once it went legal things would open up more than it did everywhere. Tuley, I like your work from your site thru the years.
Unfortunately its just like all businesses, it opens up and all kinds of people think they can win market share and make lots of money. Within a few years though the bad operations and practices, like huge free play and bonuses, fall away and you are left with 5-10 solid operators. Then in the coming years, those guys start to merge and it becomes even more limited.
 
#18
Unfortunately its just like all businesses, it opens up and all kinds of people think they can win market share and make lots of money. Within a few years though the bad operations and practices, like huge free play and bonuses, fall away and you are left with 5-10 solid operators. Then in the coming years, those guys start to merge and it becomes even more limited.




Caesars Entertainment has officially announced that they have sold the Rio for $516.3 million to a group controlled in principal by Imperial Companies.
 
#20
Here is some info on the new Imperial Boss and Investor info : " Eric Birnbaum is a leading New York-based developer and co-founder of Imperial Companies, a vertically integrated real estate investment, development and management platform.

Birnbaum’s diverse portfolio includes numerous critically acclaimed projects. He is the creator of the “boutique residential” category, epitomized by Birnbaum’s Henry Hall. Opened in 2017, this 225-unit rental building offers residential living with boutique hotel amenities. Vogue calls Henry Hall “a residential building that looks more like a members-only club you’ve somehow finagled your way into.” Birnbaum is also behind the unique 700-room mixed-use ground-up development The Pod Hotel in New York’s Times Square. He is currently developing hotels in Las Vegas and South Beach, Miami.

Since 2014, Birnbaum and his team have deployed more than $1 billion of total capital across primarily residential and hospitality assets. In late 2017, Imperial successfully raised and co-sponsored a blind pool acquisition vehicle (SPAC) with Noam Gottesman’s TOMS Capital focused on real estate operating companies. The company currently trades under the ticker: LAHL.

Before forming Imperial, Birnbaum led his own firm and deployed approximately $500 million dollars in capital over 13 transactions. Prior to that, he was also a member of the publicly-traded real estate giant Vornado Realty Trust where he worked in Acquisitions and Capital Markets, and participated in the acquisition and financing of more than $1 billion in office and retail assets.

A native of New York City, Birnbaum is an avid runner and a New York Mets fan. His favorite hometown restaurants include Legacy Records, Carbone and Tal Bagels. He lives on the Upper East Side with his wife, their three children and their Golden Doodle, Cooper."
 
#23
trumps pal just bought circus circus..... trump draining the swamp with the sports books.. bringing back old school independant sports books.




william hill... cantor ... denny's... the chains have to go
 

John Kelly

Born Gambler
Staff member
#24
Today, Phil Ruffin is probably best known nationally as President Donald Trump’s business partner in the Trump International in Las Vegas.

The future president was Ruffin’s best man at his wedding in 2008 to his wife, Oleksandra, a former Miss Ukraine.

You can't make it up.

Miss Ukraine?
 
#26
Didn't realize the MGM Festival grounds were a part of the sale. Some speculation that Ruffin sells the CC to Boyd (former owner of old Stardust site) and then develops a new property at Sahara and the strip.
 
#27
I used to be able to get a good cheap hot dog all over Vegas. 3 years ago I didn't see a single hot dog cart. Those hot dogs saved me from starvation in the 80s and 90s.
 
#31
Didn't realize the MGM Festival grounds were a part of the sale. Some speculation that Ruffin sells the CC to Boyd (former owner of old Stardust site) and then develops a new property at Sahara and the strip.
They should rebuild the old westward ho on that land, it would be a true gold mine, bring back that cheap snack bar and the champaign and bloody mary fountain. :D
 

winkyduck

TYVM Morgan William!!!
#32
I remember the startdust hotdog.. I use to fly 2500 miles just to eat that hotdog
October 27, 1989................I was in Vegas that weekend. That Saturday I made a 5-team CFB Parlay. After making the bet I went next door to "Slots of Fun" and bought a 1/2-pound hot dog for 99-cents. I got lucky on 3 of the first 4 plays and now I had a live ticket heading into the last game: Bama -8.5 @ Ole Miss. Back then not many games were on TV and this was one of them. No TV so I had to rely on the ticker at the Stardust to keep me informed. 2 minutes into the game the ticker says: 7-0 Miss. Seemingly 2 minutes later: 14-0. Seemingly 2 minutes later it is 21-0 and I am shaking my head lamenting the fact I just lost the chance to win over $1000. So I leave and go do something to take my mind the game. I come back later and see the final score: Bama 62-27. HOOOOOOOOOOLLLLLLLLLLLLLLLLLYYYYYYYYYYY FFFFFFFFFFFFFFFFFFFFFFFF!!!!

I know I won the 5-teamer because of the hot dog so every time I came back to town I had to go to Slots and get one.
 
#33
October 27, 1989................I was in Vegas that weekend. That Saturday I made a 5-team CFB Parlay. After making the bet I went next door to "Slots of Fun" and bought a 1/2-pound hot dog for 99-cents. I got lucky on 3 of the first 4 plays and now I had a live ticket heading into the last game: Bama -8.5 @ Ole Miss. Back then not many games were on TV and this was one of them. No TV so I had to rely on the ticker at the Stardust to keep me informed. 2 minutes into the game the ticker says: 7-0 Miss. Seemingly 2 minutes later: 14-0. Seemingly 2 minutes later it is 21-0 and I am shaking my head lamenting the fact I just lost the chance to win over $1000. So I leave and go do something to take my mind the game. I come back later and see the final score: Bama 62-27. HOOOOOOOOOOLLLLLLLLLLLLLLLLLYYYYYYYYYYY FFFFFFFFFFFFFFFFFFFFFFFF!!!!

I know I won the 5-teamer because of the hot dog so every time I came back to town I had to go to Slots and get one.
October 27, 1989................I was in Vegas that weekend. That Saturday I made a 5-team CFB Parlay. After making the bet I went next door to "Slots of Fun" and bought a 1/2-pound hot dog for 99-cents. I got lucky on 3 of the first 4 plays and now I had a live ticket heading into the last game: Bama -8.5 @ Ole Miss. Back then not many games were on TV and this was one of them. No TV so I had to rely on the ticker at the Stardust to keep me informed. 2 minutes into the game the ticker says: 7-0 Miss. Seemingly 2 minutes later: 14-0. Seemingly 2 minutes later it is 21-0 and I am shaking my head lamenting the fact I just lost the chance to win over $1000. So I leave and go do something to take my mind the game. I come back later and see the final score: Bama 62-27. HOOOOOOOOOOLLLLLLLLLLLLLLLLLYYYYYYYYYYY FFFFFFFFFFFFFFFFFFFFFFFF!!!!

I know I won the 5-teamer because of the hot dog so every time I came back to town I had to go to Slots and get one.
Those 1/2 lb's were nasty and good.. i liked to hold it down by my waist and show the ladies that there's a new sheriff in town.
 
#34
When I was out there with friends, punishment for making a stupid bet was having to eat a slots o fun hotdog and watch a circus act at CC
 

winkyduck

TYVM Morgan William!!!
#35
When I was out there with friends, punishment for making a stupid bet was having to eat a slots o fun hotdog and watch a circus act at CC
I must add to what I posted: I was in my early 20s at the time. Now - not so sure I would eat one. Like most here my Doc would kill me more than eating the Hot Dog would.

What I loved most about "Old Vegas" was the opportunity to go from the Stardust book to the Riviera book in about 15-20 seconds. You dash out the Stardust, jaywalk across LV Blvd., go thru the Riviera food court and you are at the Riviera book. That is until they put a fence across the center divide to stop people from doing it - probably a smart move. Back then it was very easy to get an extra 1/2-point at one of the two books and it would pay off at times. Did for me big time on Jan. 2, 1992 when I had UCSB "Pick" over Pacific. They won by 1. I cashed my ticket at the Stardust then went across the street to the Riviera and saw a "UCSB -1.5" ticket laying on the floor. That taught me a lesson I never forgot: Betting bad numbers almost always yields bad results. I cashed my ticket and this person didn't and the ticket laying on the floor was for more than $100
 

waco

EOG Dedicated
#37
1ST time I ever went to Vegas, Stardust was the 1st casino I went to and there was a friend I grew up with sitting in there smoking those big cigars. He got me a t-shirt and a buffet!! Those days are gone and they will never be the same again. I heard they are thinking about charging a quarter to go to the rest room. a lot of meetings are going on about this. save your quarters because its coming
 

Heim

EOG Master
#38
MGM ruined Slots Of Fun.....when the mafioso Thomas owned it you could milk $20 at the BJ tables, flirt with the cocktail girls and
drink about 7-8 Heineken before you went bust. It was the place to go when you were in college. Now zero live tables just slots
and a bowling alley I hear. The hot dogs were legendary but let's not forget about the 99c shrimp cocktail and pizza slice.
 

winkyduck

TYVM Morgan William!!!
#39
I loved the Riviera Stardust Frontier " triangle"
Only problem is the Stardust/Riviera books were so close together while the Frontier was not

Heim is right (as usual) about what MGM did to Slots. They had a $1 table and it was always packed with the median age of those at the table about 80
 
#40
Ruffin said he is going to upgrade but is in no hurry.Hes going to see what develops on the north end of the strip.
SlotsofFun is getting an upgrade.The RV park may be on borrowed time
 
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