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This time we feature:

* Wynn Financials and Conference Call

* The Sahara and Sam Nazarian

* Steve Wynn vs. Bloggers

* UNLV Casino Gaming Study

* Consolidation in the Gaming Industry

The show is available via iTunes or here: http://www.vegasgangpodcast.com.

Feel free to comment below. Thanks for listening.


Posted by Hunter and is filed under Vegas Roundtable
Tagged:


Comments

Vegas Rex is the only blogger I saw respond to Steve Wynn's comment. Would you be able to provide links to some other bloggers who responded as well. I would be interested in reading them. Thank you and keep up the excellent work.

Posted by: Jerry on July 27, 2008 5:07 PM


I guess I'm thinking more podcasts - The Strip covered it as did we. Plus we had some internal discussions via email.

Posted by: Hunter on July 27, 2008 9:23 PM


Regarding Sahara. You guys are nuts! Every other city on earth rehabilitates properties and makes it work. Nazarian has made his reputation on rehabbed properties, and has a proven track record. Although I will admit Las Vegas is unique, I hope someone suceeds beside trying to keep up with the Wynnses.
Great show, as usual. I do miss the bookmarks, though. Thanks.

Posted by: Jeff in OKC on July 28, 2008 5:27 PM


Lol. Thanks, Jeff, for straightening us out.

This kind of disagreement is what makes airing our opinions fun. I hope you are right and that Nazarian does actually spend the money to thoroughly renovate the Sahara and that it does succeed.

As I have already said, it will be an unprecedented success if it works.

Posted by: Jeff Simpson on July 28, 2008 6:22 PM


Thank God no one exposed my hyprocisy and asked when I was booking my next stay at the Sahara.

Posted by: Jeff in OKC on July 29, 2008 12:18 PM


Don't do it before Nazarian builds some of those new towers, Jeff. :-)

Posted by: David McKee on July 29, 2008 1:46 PM


I have no factual basis to go on so you can categorize this comment in the 70% BS group but I suspect Jeff's idea that Nazarian puts a little money into fixing up the existing property but then tries to flip it in a couple years is the most likely scenario. And, frankly, that's what I would do too.

Posted by: GregoryZephyr on July 29, 2008 4:43 PM




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