THEpoll: Should Derek Buy Out The Riviera?

 hobgoblin7777 posted on Tuesday, 5th August 2014 - 7:25 pm

I think there needs to be a third selection. It Depends. At the end of the day D.Stevens is a business man and his objective is to make profit. I think he does a damm good job of remodeling and refurbishing existing properties to make them profitable (I'm assuming since I haven't seen his books). The best example is the D. I believe him and his bro invested $15-20 million dollars to transform that property into what it is and it looks awesome. Especially the lighting he has done on the outside and in. Kind of reminds me of a cross between Steve Wynn for his innovation and the Late Bill Bennett of Circus Circus Fame.

Back to what I was saying, the it depends, would depend on if he could get it at the right price (plus whatever it would take to refurbish it). With that being said I hope he is able to get it at the right price. Seeing what he has done with the D it would be awesome to see what the guys skills would be in transforming the Riv. Best of luck Derek.

 Gringo posted on Wednesday, 6th August 2014 - 10:13 pm

I would think the Rio could be had cheap and would be a good fit for Stevens.

 vespajet posted on Thursday, 7th August 2014 - 11:11 am

The one thing that has prevented a sale of The Rio can be summed up with the following letters:

WSOP

The only thing keeping The Rio viable is the WSOP and attempts to sell The Rio have fallen apart because the buyer either wanted a discount on the deal or require the WSOP to remain at the property for a few years after the deal closed.

 levans posted on Friday, 8th August 2014 - 12:08 am

I would agree that WSOP is the main reason people even remember the Rio besides having Penn & Teller there. That said, I voted yes with conditions. A purchase would stretch Stevens a bit thin wouldn't it? It would be hard keeping tabs on three casinos and the courthouse property.