Archive for June 3rd, 2008
NOT building a casino in Las Vegas, genius or folly?
Ok, ok I know I’ve done a few posts on Trump casinos (or in this case lack thereof), but the man is a legend! But I digress…
Earlier on I was reading the online version of the Mercury News (I basically read newspapers from all over the world all day) and came across an article about the new Trump hotel in Las Vegas. Nothing strange there you might think, but please note that I said hotel, not casino, not hotel and casino, but hotel. The reason… Simple really, because the hotel does not HAVE a casino!
I know, I know, it sounds crazy to spend $1 billion on an amazing piece of Vegas real-estate surrounded by the Wynn and the Palazzo casinos and not even build your own casino, but Mr Trump has done it and done it in style!
But is it a clever move? Unfortunately only time will tell, but if Mr Trump has read the market correctly (and let’s face it he normally does) then this little bit of Manhattan glitz might just be the sanctuary some people need from the hustle and bustle that is Vegas. Hell, even if it doesn’t work, I for one must give “the man” kudos for trying something different in Vegas. It’s about time somebody shook things up (to quote another Vegas legend).
Cheers for now
Justin
