Posted by: Marc, May 21, 2017
Caesars Plans To Upgrade and Expand In Las Vegas
This isn’t entirely news (see Vegas News on May 7) if you read this column every week. However, old-school corporations like Caesars typically move slowly so some information is just reaching the masses. This week Caesars Entertainment CEO Mark Frissora discussed some post-bankruptcy plans with Bloomberg.
We already knew that Caesars was planning to build on the vacant land they own just off the Vegas Strip. There are 40 acres of land behind The Linq and 50 acres behind Bally’s that are waiting to be used for something. Caesars also plans to do something with the seven acres in front of Caesars Palace and up to the Vegas Strip. Please no Caesars Palace Grand Bazaar. Please.
Some of the space behind Bally’s and The Linq will be used on cheap construction like shopping and convention space. I don’t think a new hotel tower will be added to either property and was curious what the twitter world thought. Without using the name of the casinos I asked twitter what they would build on the space and received some interesting responses.
The most interesting response was from @John_Mehaffey. He thinks building something similar to Rising Sports Ranch in Mesquite, NV could make sense. I’m a sports fan so I like this idea. If a sports complex is built behind Bally’s it would be a nice sister property to The Linq and could tie in nicely with another nearby sports complex, Topgolf at MGM Grand. Caesars could even partner with Rising Sports Ranch to share in the expense of building the experience.
It seems as though Frissora and Caesars already have a plan in mind but I think the sports complex idea or a water park would inexpensively complement what Caesars offers. Keep your eyes open for more news on these developments.
Flamingo, Caesars Palace Renovations Planned. Maybe More To Come.
Caesars plans to renovate 7,000 hotel rooms throughout the country this year. The biggest renovation scheduled right now is to 1,270 rooms at the Flamingo. Caesars Entertainment will be upgrading all of the FAB rooms at the hotel.
These rooms were renovated five years ago but were never really completed since they didn’t touch the bathroom. That renovation brought the rooms from the 1970’s to the 1990’s but not much more. The first batch of new rooms at the Flamingo will be available in November. Caesars is currently planning completion by the second quarter of 2018. You can read more about the renovations here and see the rendering video below:
As we previously mentioned, Caesars will begin renovations to 1,100 hotel rooms at the Palace Tower of Caesars Palace Las Vegas. No other Las Vegas renovations have been revealed yet, but the Indigo Tower at Bally’s could use a renovation. Perhaps that will tie together their plan for the 50-acre plot of land behind the hotel.
Caesars Quick Hits
Richard Marx will perform “Satisfied: Only The Hits” at Flamingo from August 15 through September 2. Read more here.
A person is suing Planet Hollywood because he was frightened by a mannequin in his room. Read more here.
Cosmopolitan Evolution Continues
The latest renovations at the Cosmopolitan aren’t for just anyone. The hotel just opened 21 luxury penthouses located on the 71st through 75th floors. There’s also a new high rollers room called The Reserve on the 71st Floor. This intimate 3,200-square-foot high rollers lounge is for the highest of high rollers.
According to the Las Vegas Review-Journal, the room will have a sliding wall to create two parlors. The casino expects that gamblers in this lounge will be wagering around $1,000,000 per hand. The Cosmopolitan continues to evolve into a casino that still appeals to the cool kids while trying to open its doors to traditional casino customers. The penthouses should appeal to both, while the gaming lounge will probably only appeal to the gambler. Read more…