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Vegas Gang #123: Mirage Not Sold, Monte Carlo, Wynn Boston & Treasure Island

By Chuckmonster on Thursday, 13th August 2015 9:18am
  » filed under Las Vegas  comments: 1


On the latest episode of the Vegas Gang podcast we discuss the Mirage sale rumors, Monte Carlo rebrand, Wynn's Boston-sized headache, the evolution of Treasure Island and Las Vegas' building boom and business bust of 1955. All that plus news from Dr. Dave, a VIMFP announcement round up and the gang's sure bets.

Stream, download and discuss via web or subscribe and rate the show via iTunes.

Tagged: vegas gang   podcast   snapple   


Comments & Discussion:

I think Mirage makes sense to sell. I stayed there a few years ago, so I can't speak for any recent changes, but at the time I didn't find myself sticking around the property much. Crowd trended older (as in post retirement older), and the casino, dining and nightlife were lacking in vibe and energy. Too many chain brands to be found around the property as well. At the time, I felt like the outdoor spaces needed a modern refresh. The rooms were the standard MGM renovation, which was fine, but the cramped bathrooms always give away an old room.

I think it's still a flagship property that certainly commands a premium, but I'm skeptical if the current crop of 20 and 30 year old's have any connection to the place. It's design is good, but not timeless, and there are lingering elements that are out of favor. I would bet on its brand and recognition slowly fading in the years to come, as its middling place in the MGM hierarchy gives it less flexibility to experiment, reinvent, and chase different demographics. It might be worth more to a new owner looking for strip presence as opposed to MGM, who might be looking more towards Aria/City Center in terms of future growth and investment. You can argue MGM is already well stocked with mid-upper tier rooms between MGM Grand, Mandalay, Monte Carlo, and arguably Aria on off peak rates.

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