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Vital Vegas
Surprise entry in ever-growing mix of Strip casinos up for sale, despite long-standing belief MGM Resorts wouldn't give up its cash cow: Circus Circus. Quote of the day: "It's MGM's Rio."
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Ainokea 6 Aug 19
Replying to @VitalVegas
It’s in need of a massive makeover. Just don’t see it as a cash cow. Stayed there once in the manors. Never again even if I was offered a free room.
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Vital Vegas 6 Aug 19
Replying to @AugustinKeaton
Low level of investment is what makes it so profitable.
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Annster 6 Aug 19
Replying to @VitalVegas
Well it’s always been handled sort of separately from the rest of the team. It’s really a weird fit for them and probably due for massive, expensive renovations. Best to unload while it has a positive balance sheet but before major investment is required.
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Vital Vegas 6 Aug 19
Replying to @hollsmom
Exactly right. They can't keep it status quo much longer (much like Rio), and they have to decide what kind of investment they're going to make, and it would have to be a lot. They don't even put it on the letterhead, I don't think.
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Wear a F**KING mask!!! 6 Aug 19
Replying to @VitalVegas
Interesting. Hearing any names of buyers? Seems like maybe a buyer might want the land and not the casino and this might be it for Circus Circus?
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Vital Vegas 6 Aug 19
Replying to @bluesfan1972
Suggested as a possible land play, but too early to tell.
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Pete McSwiss 6 Aug 19
Replying to @VitalVegas
That is surprising. Hope nothing happens to The Steakhouse.
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J - greetings! 6 Aug 19
Replying to @McSwiss01 @VitalVegas
Ugh may need to run to Vegas for that
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B.J. Bumgarner 6 Aug 19
Replying to @VitalVegas
I’ve never been to Circus Circus. Is it really their “cash cow” or are you being sarcastic?
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WTC 6 Aug 19
It’s an older property that’s completely paid off with low operating costs. While it doesn’t take in as much gross revenue as Aria, Bellagio, etc., its profit margins are sky high.
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