Ownership at The Cosmopolitan of Las Vegas has apparently lost its appetite for charmingly off-kilter variety show Vegas Nocturne. The show is not only rumored to be closing at the Cosmo but SLS Las Vegas has been mooted as its new home. However, rumors are in no short supply nominating other new venues. It would be nice if Vegas Nocturne got a second shot somewhere else. The alternative is likely to be more DJs, a species in no short supply on the Las Vegas Strip these days.
Last night, while down at Caesars Palace, I had another gander at The Quad and was nonplussed by how much it’s still Imperial Palace, but with different letters on it. Heck, all the pagoda roofs are still in place. Presumably something will be done about this when it becomes Linq Hotel (although the October deadline for reopening doesn’t give Caesars a lot of time to revise the property — one fears further half-measures). Incidentally, I was amused to read that discarded names for the project included Rendezvous and H.Q. — they sure do love them some Qs at Caesars Entertainment.
Having walked into a PR buzzsaw with its announced closure of the Showboat, in Atlantic City, owner Caesars Entertainment is trying to salve the wound. “We’re willing to sell if we receive a reasonable offer from a responsible buyer,” said company spokesman Gary Thompson. Of course, the X factors are who Caesars considers “responsible” and what price it deems “reasonable.” As it knows from its sales of the Claridge Hotel and Atlantic Club Hotel, you can’t get much more than pocket change for an Atlantic City casino these days. Nobody’s likely to come in and offer $50 million for the Showboat, so Caesars should probably trim its expectations accordingly.
Thompson added, “We’ve received some expressions of interest from a number of groups [on the heels of the closure notice] and are reviewing them.” Well, that’s good. One of them very well could be Hard Rock International, which can’t get what it deems an affordable price on Revel Casino Hotel but might deem Showboat more within what it’s willing to pay. With closure looming on Aug. 31, Caesars will be under pressure to get a deal done, chop chop.
What if they gave a casino and nobody came? That’s what happened to Kansas, which drew nary a bidder on its fourth and final casino license, deemed by many to be too close to Oklahoma (rife with casinos) to be profitable. So the state’s holding a red-tag sale, knocking down the mandatory investment to $50 million. (Whoever develops the casino will run it on behalf of the Kansas Lottery — a highly unusual setup no one has rushed to imitate.)