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https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/
Essential Las Vegas News, Tips, Deals and WTF.Wed, 09 Nov 2022 10:14:14 +0000
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By: Jaxon
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-398938
Wed, 09 Nov 2022 10:14:14 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-398938Caesars needs to sell all their Strip properties to VICI, freeing up capital for a redevelopment of Flamingo, and various other improvements to its other properties. When you look at how big Caesars vs MGM is, Caesars should be able to improve their properties and rebuild older properties. BUT Caesars is saddled with a HUGE debt load from OLD Caesars going private. Caesars Strip properties can compete with MGM, if given the attention that they deserve. I believe that the New Caesars was not proactive enough to develop all their real estate near the Strip, mainly behind Bally’s/Horseshoe, Paris and Planet Hollywood, before selling it to VICI.
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By: Mark
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-398268
Sun, 06 Nov 2022 00:08:33 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-398268Flamingo is such an iconic property and in one, if not, of the greatest locations on the strip. Why they would want to sell it is beyond me. Why not dump Harrah’s instead? That place is boring. Too bad somebody like Dereck Stevens and his bro can’t get a hold of this property and/or Ballys. Think of all they could do. They would be able to keep that old school sense of style and class while refreshing it to modern standards and drawing in people to drink, eat and gamble. One can only dream….
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By: Bluekitty
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-398094
Fri, 04 Nov 2022 23:55:59 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-398094Flamingo truly needs to upgrade the (1 and only) casino restroom; so awful and so small and so yuck. But, I love the place regardless!
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By: MT
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-398060
Fri, 04 Nov 2022 16:56:57 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-398060Flamingo is on about 40 acres so a complete demo of the property and rebuild would easily be in the multi-billions. Not sure Caesar’s has an appetite for that kind of capital expenditure given the existing debt load. Not to mention the loss of income while the property is being redeveloped which would likely take a couple of years (or more).
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By: BruceV
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-398038
Fri, 04 Nov 2022 13:53:08 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-398038Fewer people are gambling more and people are gambling elsewhere. That does not sound like a sustainable business model. Can’t help but wonder if they are killing off the golden goose.
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By: Jp
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-398012
Fri, 04 Nov 2022 10:32:48 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-398012Scott, you forgot to mention that 13 billion dollars in debt is a good thing (unless the economic downturn comes).
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By: Bin
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-397943
Fri, 04 Nov 2022 06:02:26 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-397943 Rock on. (and thank you Caesars )]]>I am so happy for this turnabout. It would break my ever lovin’ heart if Ms. Pink was imploded. Oh the agony. I have lots of wonderful (naughty and good) memories with that place. ?? Rock on. (and thank you Caesars ??)
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By: Susan
https://www.abouttanzanitejewelry.com/vitalvegas/caesars-entertainment-says-it-wont-sell-flamingo-after-all/#comment-397902
Fri, 04 Nov 2022 02:42:15 +0000https://www.abouttanzanitejewelry.com/vitalvegas/?p=34714#comment-397902Flamingo is my favorite, for the history, location, and I love Pink!!! Time to invest a little $$$ in a refurbish and lipstick on the old girl!
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