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Circus-Circus May Come Down in 2010

By Chuckmonster on Wednesday, 25th January 2006 10:28pm
  » filed under Las Vegas  comments: 2


With the redevelopment flu spreading on the North Strip like an out of control wildfire, its just a matter of time before venerable resorts such as Sahara, Riviera and Circus-Circus and Slots-A-Fun begin to fall. With the announced Stardust/Echelon Place project now full steam ahead, the extremely loud grumblings of a New New Frontier, the coming Fontainebleau resort on the strip-facing property adjacent to Turnberry Place and the Riviera in the midst of a stock takeover, the heat is on for other venerable acerages to ante up or fold. Sahara's recently announced "The Drive" cements its foundation until this construction boom subsides.

This leaves Circus-Circus and adjacent coin plunkers emporium Slots-A-Fun as the next target for the wrecking ball. C2's owner MGM Mirage has already decried C2's monstrous parking lot as "inefficient" and has targeted 2010-11 as a target date for making a decision about Circus-Circus' future - coinciding nicely with Project CityCenter's grand opening.

This is beginning to be insane.

The Las Vegas Business Press has this to say about Circus-Circus' future:

As for that other clown-themed casino, Circus Circus, MGM Mirage CEO Terrence Lanni has stated that the sprawling hotel/motel/RV park complex makes inefficient use of its acreage. However, a consensus of industry observers agrees that MGM Mirage is unlikely to do anything with Jay Sarno's aging clown palace so long as it has Project CityCenter on its plate.

Echoing previous comments by Lanni, MGM Mirage spokesman Alan Feldman says the Circus Circus site has 27 acres of open-air parking and low-rise buildings "that are not efficient at all." But he says the aforementioned consensus is correct and "that question (of redevelopment) is, at a minimum, five years away. Currently, the market is served extremely well at all ends," Feldman said, and Lanni has gone on record, saying that one of the attractions of the Mandalay Resort Group portfolio was that it gives MGM Mirage a presence in all price niches of the Strip market.



Comments & Discussion:

So, what we'll have a city of megaresorts, with no small or medium size casinos for alternatives.

Sure gonna miss Slots-A-Fun and the foot long dogs with chilli.
Spent many an evening running across the Strip to get a dog and a 75 cent Heinie.

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