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March 5, 2007
Vegas4Visitors Weekly

by Rick Garman

 
  • Historic Vegas Fades Away
  • New Owner for Sahara
  • Station Casinos Goes Private
  • Roseanne Barr to Play Vegas
  • Vegas Grand Prix Gearing Up
  • Q&A: Gambling For First-Timers?

  • Sold!

    New Owner for Sahara
    The venerable
    Sahara got a long overdue bit of potentially good news last week when a group of investors, led by an experienced hotel and nightclub impresario, completed a long in the works sale of the hotel.

    Sam Nazarian is a name that most Vegas visitors won’t be familiar with, but people who travel in the swank circles of Los Angeles or Miami may know his Le Meridien and Ritz Plaza (respectively) or have partied at one of his nightclubs. Nazarian will run the Sahara, leading a private equity firm who put up the majority of the cash for the sale, which was rumored to be in the $400 million range.

    What Nazarian plans to do with the hotel is still a question mark since he is not commenting on plans until the sale is 100% final. Oblique comments in the local Vegas papers suggest that the hotel itself will remain but will probably get a top to bottom overhaul that will aim to turn it into a competitor for the hip and trendy crowd currently dominated by places like The Palms or the Hard Rock. Whether it retains The Sahara moniker is also unknown.

    Despite the very public desire of the former owners of The Sahara to include the lots directly across from and behind the hotel in any sale, this deal only covered The Sahara itself so those two parcels are still up for grabs if anyone has a few hundred million dollars burning a hole in their pockets.

    The sale and licensing process will probably eat up a big chunk of 2007 so don’t expect to see any major developments at the hotel before next year.

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    Station Casinos Goes Private
    The company that runs such Vegas gems at
    Red Rock Resort and Green Valley Ranch was a publicly traded company. I say “was” because Station Casinos board of directors has approved a plan by its CEO Frank Fertitta III and President Lorenzo Fertitta, to buy all outstanding shares of stock in a deal estimated to be worth $8.8 billion, including assumption of debt.

    The Fertitta brothers have turned the small local casino company their father started into a powerhouse in the industry, capturing the lion’s share of the off-Strip market in Vegas. Their holdings include the aforementioned Red Rock and Green Valley plus Palace Station, Texas Station, Sunset Station, Boulder Station, Santa Fe Station, Fiesta Rancho, Fiesta Henderson, and several smaller casinos on key chunks of land around the city earmarked for future development. They also manage a casino in California and are developing another for Reno, Nevada.

    Their offer of $90 per share to take the company private is being partially backed by Colony Capital Acquisitions, an affiliate of Colony Capital, owners of the Las Vegas Hilton and others in Atlantic City, Tunica, and Chicago. The relationship, though, is purely a financial one and the Station and Colony properties will not merge.

    As always when talking about multi-billion dollar deals, we have to boil it down to this: what does it mean to you, the Vegas visitor? Nothing, most likely. The Fertitta brothers have been the driving forces behind the company the entire time it was publicly traded, and their strategies and visions will probably not change now that they own the joint. If anything, it could allow them some greater flexibility in future development.

    But the bottom line is that this is, mostly, a behind-the-scenes money deal that will have no affect on your experience of visiting one of the hotels.

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    Roseanne Barr to Play Vegas
    I mentioned it as a rumor in last week’s column but now it is official: Roseanne is coming to The Strip for a limited run. Roseanne Barr is bringing her show “All You Can Eat Comedy” to the Cabaret Theatre at
    New York–New York March 15 through April 30 at 8 p.m. with an additional show Saturday at 10 p.m. Barr, best known for her ground-breaking sitcom “Roseanne,” is also slated to host Nick at Nite’s third season of “Funniest Mom In America” and several fo the semi-finalists will make guest appearances on stage during her Vegas show.

    Tickets priced at $49.95, not including applicable service charges and taxes, are now on sale and can be purchased at the Zumanity Box Office at New York–New York. Tickets also can be purchased by calling (866) 606-7111 or online at www.nynyhotelcasino.com.

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    Vegas Grand Prix Gearing Up
    If you’re wandering around Downtown and wondering what all the barricades going up around streets in the area are for, just envision yourself behind the wheel of a champ car racer and you’ll get the idea.

    Construction has begun to prepare the 2.5 mile section of streets through Downtown for the Las Vegas Grand Prix, a road race featuring Indy 500 style cars currently scheduled for April 6 through 8.

    The course will send the cars out of the paddock on Grand Central Parkway near the Las Vegas Premium Outlet Mall south to Bonneville Avenue and then under the train tracks to Main Street. From there they will blast up the main drag to Carson Street by the Plaza Hotel. A right turn on Carson Avenue will aim the cars directly at the Golden Nugget where they’ll make a quick jog around the building. A left turn on 4th Street will send the racers across the Fremont Street Experience by Fitzgerald’s and Neonopolis. Another left on Ogden will take cars behind hotels like Binion’s and The Fremont before they go back under the train tracks by Main Street Station and back to Grand Central Parkway.

    In addition to the main race on Sunday the 8th, there will be several other racing events including an historic grand prix, formula D drifting, and more.

    A pre-race charity event will be held on April 5 at Bellagio featuring Jon Bon Jovi, Big and Rich, and Jay Leno to raise money for the Lou Ruvo Brain Institute and their Alzheimer’s research facility planned for the Downtown area.

    Tickets range from $12 for the Friday qualifying events up to $70 for all three days plus add-ons for entry to the pit and/or paddock and VIP seating.

    For more information on the race or to buy tickets, visit the official website at vegasgrandprix.com.

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    Feature of the Week

     
    Strip History Fades Away
    Heyday

    The announcement that The Sahara was being purchased by an LA hotel and nightclub operator put yet another nail in the coffin that is “old” Las Vegas. Although the building itself will most likely remain, when the new owner is done with it you most likely won’t be able to recognize it as anything remotely resembling the historic hotel of days gone by.

    There’s not much left of the first boom era of Las Vegas, when hotels like The Desert Inn, The Sands, The Dunes, and The Stardust ruled the roost. Of the dozen major resorts that opened between 1941 and 1960, only five of them remain: The Frontier, The Flamingo, The Sahara, The Riviera, and The Tropicana and all of those hotels are destined for some level of revision.

    The Sahara’s new owners are hinting at a top to bottom overhaul; The Tropicana is being torn down in chunks and rebuilt, with only the two main hotel towers remaining and probably being dwarfed by several new ones; The Frontier has been headed toward a date with the wrecking ball for years and 2007 may finally be the year it happens; The Riviera is actively being shopped for new buyers who may want to tear it down and start over; and The Flamingo sits smack in the middle of Harrah’s Entertainment Strip redevelopment plans. While the latter will most likely remain with some sort of remodeling, it’s only considered a part of the “historic” hotels list because of its name. Not one single bit of the original structure stands today.

    The question is this: is that a good thing or a bad thing?

    With the exception of The Flamingo, which remains a solid B-level hotel, the only real positive about the other properties these days is the fact that you can often get cheap room rates. Unfortunately the maxim holds true that you get what you pay for. There is no comparing a hotel like The Riviera with its small, faded rooms and cramped casino with the modern resorts and their spacious accommodations and seemingly endless entertainment options. So bring in the bulldozers and put up something brand spanking new, right?

    On some level that’s a worthwhile point of view, but those room rates are a major factor in Vegas these days. With a typical weekend night’s stay now well over $200 at major Strip resorts, the moderate level visitor is being priced out of the market. Although there are ways for people without unlimited cash flows to have a satisfying Las Vegas vacation, you pretty much can’t do it and stay on The Strip anymore.

    Then there’s the historic point of view. As a Vegas history buff and a Vegas travel writer, I have conflicting feelings about the old being replaced by the new. I don’t recommend staying at many of the older hotels from a travel writer point of view but my affinity for “old” Las Vegas makes me hate to see them fall to the wayside at the same time.

    Perhaps more properties could take a page from the very successful renovations at Caesars Palace. Opened in 1966, the hotel was headed toward the same fate as many of its contemporaries, epitomizing the term faded glory in the late eighties and early nineties. But then several billion dollars were thrown at the place to bring it in line with modern standards while still retaining the essential spirit of the original hotel. It’s little things like the canopy over the porte corchere and fountains out front, which are all new, but resemble the original and evoke the bacchanalian glamour that the hotel is famous for.

    New projects like the $7 billion CityCenter seem to be ushering in a new era of hotel style for Vegas. Their swoopy, modern, glass and steel structures will be unlike anything the city has seen and will almost immediately make places like Bellagio and the MGM Grand seem dated. It makes one wonder if in thirty years we’ll be having the same discussion about the impending demise of those hotels for something bigger and “better.”

    For now, though, we are at a bit of a crossroads. Just as The Strip is virtually unrecognizable from the way it looked 15 years ago, the same will be the case in another fifteen or even ten. Whether the days of historic Vegas and the affordable Strip vacation will remain is almost a moot question at this point – for the most part it’s already gone.

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    Question of the Week

     
    From: Maria in Washington DC

    Question: My husband and I are going to Las Vegas this summer and you may find this hard to believe but neither of us has ever been in a casino in our entire lives (and we’re almost 40!). I’m wondering if you have any basic tips for first-timers?

    Answer: You’re right, Maria. I do find that hard to believe. Someone who has never stepped foot in a casino? You’re like a Yeti. But hey – I’ve never seen “The Wizard of Oz” and some people find that shocking so what do I know?

    Yes, there are some very basic things to remember when visiting a casino. Here’s what you need to know:

    Most Las Vegas casinos are open 24 hours a day, 365 days a week.

    You must be 21 to even enter the gaming area much less play the games. If you look young, be sure to carry some form of identification such as a driver's license or passport because casino personnel may ask you to prove you're old enough to be there.

    There are cameras, security, and undercover operatives that watch every square inch of the casino at all times. Don't even think about trying to cheat - you'll get caught and you will go to jail.

    Be sure to pay attention to limits on table games, slots, and video poker. If you mess up and wind up betting more or less than you could've or should've the casino isn't going to listen to a "but I didn't mean to..."

    Most casinos offer free or heavily discounted drinks to people playing the games including slot machines. Cocktail waitresses abound in most casinos but remember, they live off your tips so be generous, especially if the drink is free.

    Most casinos offer free gaming lessons on the various card and table games. Check with the main casino cage or the guest services counter of any casino/hotel for schedules. These gaming lessons can be valuable in more ways than one. In addition to the knowledge you'll acquire, many casinos offer discount coupon books to people who take the time to learn how to play the games.

    Most casinos make it really easy to get money. Again, laws vary from state to state, but most have automated teller machines (ATM), check cashing, and systems to take cash advances from your credit cards. My recommendation is to leave your bank cards, credit cards, and check books at home and only bring as much money as you're willing to lose - most of the time, you will.

    There are several ways to get change and chips in a casino. Most have attendants walking around that can "break" large bills or there are change booths sprinkled throughout. Most also offer automatic bill "breakers" which will give you change for large bills. Gaming chips can be purchased at any table or the main cashier cage (ask an attendant where it is) and usually redeemed at the cashier cage only.

    Always remember that gambling should not be looked at as a way to make money! Most of the time, you won't. If you view the slots and table games as a form of entertainment you'll have a much better time (and will probably lose less money).

    Most casinos have gaming (slot/player) clubs where you earn points toward meals, shows, or rooms by gambling in their casino. You have to give away some of your personal information (like address and perhaps e-mail) but that junk mail you get can get you some deep discounts on future visits.

    Most casinos will offer perks if you're dropping a lot of money at their tables or slots. Make sure somebody sees you spending money and then casually ask if their show is any good or which restaurant is best. It's not a guarantee but often they'll give you discount coupons or freebies just to keep you happy and gambling.

    And most importantly… have fun!

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