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By: Jaxon

Jaxon — Wed, 09 Nov 2022 10:14:14 +0000

Caesars needs to sell all their Strip properties to VICI, freeing up capital for a redevelopment of Flamingo, and various other improvements to its other properties. When you look at how big Caesars vs MGM is, Caesars should be able to improve their properties and rebuild older properties. BUT Caesars is saddled with a HUGE debt load from OLD Caesars going private. Caesars Strip properties can compete with MGM, if given the attention that they deserve. I believe that the New Caesars was not proactive enough to develop all their real estate near the Strip, mainly behind Bally’s/Horseshoe, Paris and Planet Hollywood, before selling it to VICI.

By: Mark

Mark — Sun, 06 Nov 2022 00:08:33 +0000

Flamingo is such an iconic property and in one, if not, of the greatest locations on the strip. Why they would want to sell it is beyond me. Why not dump Harrah’s instead? That place is boring. Too bad somebody like Dereck Stevens and his bro can’t get a hold of this property and/or Ballys. Think of all they could do. They would be able to keep that old school sense of style and class while refreshing it to modern standards and drawing in people to drink, eat and gamble. One can only dream….

By: Bluekitty

Bluekitty — Fri, 04 Nov 2022 23:55:59 +0000

Flamingo truly needs to upgrade the (1 and only) casino restroom; so awful and so small and so yuck. But, I love the place regardless!

By: MT

MT — Fri, 04 Nov 2022 16:56:57 +0000

Flamingo is on about 40 acres so a complete demo of the property and rebuild would easily be in the multi-billions. Not sure Caesar’s has an appetite for that kind of capital expenditure given the existing debt load. Not to mention the loss of income while the property is being redeveloped which would likely take a couple of years (or more).

By: BruceV

BruceV — Fri, 04 Nov 2022 13:53:08 +0000

Fewer people are gambling more and people are gambling elsewhere. That does not sound like a sustainable business model. Can’t help but wonder if they are killing off the golden goose.

By: Jp

Jp — Fri, 04 Nov 2022 10:32:48 +0000

Scott, you forgot to mention that 13 billion dollars in debt is a good thing (unless the economic downturn comes).

By: Bin

Bin — Fri, 04 Nov 2022 06:02:26 +0000

I am so happy for this turnabout. It would break my ever lovin’ heart if Ms. Pink was imploded. Oh the agony. I have lots of wonderful (naughty and good) memories with that place. Rock on. (and thank you Caesars )

By: Susan

Susan — Fri, 04 Nov 2022 02:42:15 +0000

Flamingo is my favorite, for the history, location, and I love Pink!!! Time to invest a little $$$ in a refurbish and lipstick on the old girl!