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Las Vegas News of the Week

 
February 18, 2008
Vegas4Visitors Weekly

by Rick Garman


The Return of Siegfried & Roy
It’s been just over four years since Roy Horn of the famed illusionist duo Siegfried & Roy was attacked and critically injured by a tiger during a show at
The Mirage in Las Vegas. Horn’s injuries were so severe that doctors were sure he wouldn’t survive. He did. But they were sure he’d never walk again. He did. And most people believed he’d never recover to the point where he’d be able to perform again.

He will.

Siegfried & Roy will perform a one-night only show in 2009 to benefit the Lou Ruvo Brain Institute, a major research facility being built near Downtown Las Vegas. The show will feature their trademark illusions and yes, says the duo, it will also feature tigers.

The news has left many wondering if the rumors of a more permanent Siegfried & Roy return are true. That rumor says the duo have been working on ideas that would allow them to “present” a new-millennium version of their show in which they would make limited appearances.

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Gamble or Eat?
That’s the question that comes up for some slot machine players; those people who sit at the machines for so long that their stomachs start to grumble but they still don’t want to walk away. So the choices are gamble or eat?

But if they are playing at the El Cortez in Downtown Las Vegas now they don’t have to decide. The casino is continuing its aesthetic makeover by offering slot machine and gaming table-side dining for all of its players.

The Gambling Gourmet will offer appetizers, salads, sandwiches, and burgers served on a handy cart that gets parked next to your seat at the one-armed bandit or blackjack table. Unlike the free drinks, you have to pay for the food but the service is offered to all gamblers.

Slot machine dining is not a new concept but it has primarily been restricted to high-limit gaming areas.

The El Cortez has recently undergone a major multi-million-dollar makeover that has revamped the casino, restaurants, and rooms.

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Luck with the Lady?
Periodically, I get questions about the status of the Lady Luck in Downtown Las Vegas. Here’s what the owners, CIM Group, say about their plans for the shuttered hotel (taken directly from their website):

The Lady Luck Hotel & Casino will soon usher in a new era of luxury and modern glamour in Las Vegas’ downtown district. Downtown Las Vegas will come back to life in 2010, after two decades of decline, with this premier hotel and spa at its core. CIM will extensively renovate Lady Luck and reposition it as an upscale, boutique hotel with a destination pool, spa, and other amenities not found in the downtown area. Encompassing 6.27 acres, Lady Luck will consist of two towers containing 631 hotel rooms, 50,000 sq. ft. of casino space, and 22,000 sq. ft. of retail space. The property is adjacent to the Fremont Street Experience, a major entertainment and gaming venue that attracts an estimated 20 million visitors each year, as well as the planned mob museum which will debut in 2010.

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Las Vegas News Bites
The Monte Carlo reopened last Friday, February 15 – three weeks after a fire damaged part of the hotel tower. The casino and most of the restaurants are back up and running as are about 1,200 rooms. Another block of rooms will reopen next Friday and the rest will remain closed while they do a complete remodel.

And in case you’re wondering how much closing a 3,000-room hotel and casino can affect a company’s bottom line, the MGM Mirage folks are saying that it’ll probably mean a $100 million red mark on their books.

If you’re wandering through Treasure Island and you see a bank of video slot machines sitting there with “inactive” messages on their screens it could mean they are in the middle of a big change. The casino is the first in Nevada to test server-based gaming, where everything about the slot machine from the denomination to the theme can be changed from a central computer.

Up until now if you wanted to get married in Las Vegas you’d have to go to the Las Vegas Marriage Bureau in Downtown Las Vegas to get your license. Now a satellite branch of the bureau is getting ready to open in Henderson. It won’t be too convenient for most Vegas visitors since it’s much further from The Strip and only open a couple days of the week, but it could be the first of many new satellite offices that could ease some of the congestion that happens at the main marriage bureau office on busy “I want to get married RIGHT NOW” weekends.

And finally, did it seem busy in Vegas the last time you were in town? No surprise since 2007 racked up the largest number of visitors in the city’s history, just over 39 million people according to the Las Vegas Convention and Visitors Authority. But is trouble looming? Check out this week’s Q&A below.

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Feature of the Week

 
Restaurant Review: Twin Creeks Steakhouse
 

It’s a law in Las Vegas that a casino has to have a steakhouse; or at least it seems that way when you consider the fact that almost every single place that has slot machines has a restaurant that serves up the cow.

With that much competition, it’s hard to stand out. You want to do something original so that you aren’t the same as everyone else but you also need to stay true to the formula so as not to offend the traditionalists who just want a steak and a baked potato, gosh darnit.

Twin Creeks Steakhouse at the Silverton hotel and casino just south of The Strip manages to stand out from the competition in a variety of ways, but whether it’s enough to lure you away from some equally good options in your own hotel and the one next door (and the one next to that) is a question I haven’t quite come up with an answer to yet.

One way that the restaurant distinguishes itself is with the dining room, a sumptuous affair with a modernly retro design of big boxes of soft-lighting above, stacked stone and dark woods surrounding you, and a broad mix of seating options from full leather couches to high bar-style tables and comfy high-backed stools. One entire side of the main room is dominated by a stone wall that is bathed in changing, multi-colored light – one moment it’s cool, undulating blues and greens evoking an undersea reef and the next moment it’s blazing reds and oranges as if the volcano is getting ready to blow. It really is one of the most beautifully decorated restaurants I’ve been in for a long time.

The menu seems to be treading the fine line between originality and traditionality (I know it’s not a word, but it should be). Starters in the latter category including things like oysters, pan-seared scallops, classic Caesar salads, and the like while exceptional items such as foie gras, smoked duck wrap, and American Kobe beef carpaccio carry the flag for the former category.

In the main course section you have your standard steaks (filets, porterhouse, and New York strip) alongside such fresh takes as a chipoltle barbecued bone-in rib eye, roasted monfish, seafood gnocchi, and lamb chops or shank.

We went in several different directions for our dinner selections, although skewed more to the traditional than the original. The butter poached lobster sounded steakhouse traditional but came to the plate as a deconstructed tower of fresh, out-of-the-shell meat and other accompaniments. The roasted monkfish was a large grilled slab with delicate seasonings that didn’t hide the fishy flavor no matter how much the person at the table insisted it did. And the porterhouse was roughly the size of a house, cooked exactly as I had ordered it and yet still a little disappointing because of a little too much veiny toughness and not enough of the tender meat.

Sides include a variety of potato dishes (from puree to baked to fries) and other vegetables plus there are sauces (béarnaise, au poivre, red wine butter) to go along with your meat selections.

Prices are about average for this type of dining experience – starters range from around $8 for a soup of the day to $19 for the foie gras; entrees start in the mid $20 range and go all the way up to nearly $50; sides are $7-14. It ended up with a check for three of us including wine and tax for just under $200.

Taken in a vacuum the meal was a success, overall. The food was fresh, well-prepared, flavorful, and expertly presented but there was nothing at the table that made us jump up and say “wow.” It was as good as many of the steakhouses on The Strip and yet also no better, which brings up that problem I mentioned before about whether or not you will want to venture away from the comforts of your hotel to experience it. I’m still undecided.

Silverton
3333 Blue Diamond Road
702-263-7777
website
Hours: Daily 5pm - 11pm

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Question of the Week

 
From: Tom in Rocky River, Ohio

Question: Look into your crystal ball and tell me if you see a time in the future when room rates will be cheap again. I know room inventory is tight and that drives rates up. A lack of places on the strip like Stardust and even the Westward Ho has driven prices up. When all the new projects come on line and with all these condos opening and being rented, do you see a glut of rooms not too far off?

Answer: I wish I had a crystal ball – I’d do a lot better at the slot machines.

My gut instinct tells me that the simple answer is no. Rooms in Vegas are more expensive than they’ve ever been – an average of $132 per night in 2007, the fifth highest in the US according to the Las Vegas Convention and Visitors Authority.

And if you’re thinking, “$132 a night sounds like a bargain,” remember that’s the average for all hotel rooms for the entire year. If you took The Strip in a vacuum that figure would be much higher.

The city isn’t having any trouble filling those rooms either. Room occupancy was above 90% again in 2007, about 25% higher than the nationwide average.

So they keep building them and keep raising the rents and people keep coming and paying.

Having said that, there are some troubling signs on the horizon – troubling, that is, if you own a hotel in Las Vegas.

If the country slips into the recession that everyone is talking about, Las Vegas will be affected. Leisure travel is one of the first items that get cut from people’s budgets. It’s possible that things are already being affected as several big casino companies have announced layoffs. Granted, they are relatively small in scope (under 100 in most cases) and are at their properties nationwide, not just in Las Vegas, but that’s a pretty rare thing.

This couldn’t come at a worse time for Las Vegas. There are more than 9,000 hotel rooms expected to come online in 2008 and over 40,000 in the next five years. That could lead to a glut and that could drive prices down.

But if it happens, it will be temporary. The last time the economy tanked, after the 9/11 terrorist attacks, Las Vegas recovered quicker than the country as a whole. People just can’t stay away for too long. So even if things may be a little cheaper this year, they probably won’t be next year.

The only thing that will force prices down is if someone opens a hotel aimed squarely at the middle market and has a huge success with it. That will make others want to follow suit. But as long as they keep building these high-priced units and people keep forking over the bucks to stay in them, prices are going to stay sky high.

Thanks for the question, Tom

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