Speculating on the future of Vegas is fun. Instead of full-blown posts about specific subjects I think it’s more fun to be short and concise. Here’s my take on two potential moves that would shake things up on the Vegas Strip.
Topic: Now that Cosmopolitan has been sold which Vegas casino will be the next to go? LVH, Riviera and Caesars Entertainment have been rumored to have casinos on the market for a while. Caesars may have multiple properties on the market that they need to sell so they can reduce debt and avoid filing for bankruptcy.
Speculation: My guess is that Caesars will be the first to move. Their current fire sale and shell game seems like a brighter fire than the other two possibilities.
If there’s a dark horse in this race it could be Derek Stevens moving quickly to add the Riviera to his portfolio of The D and Golden Gate. On a personal note, I’d love this. The D and Golden Gate are two of my favorite places to roll dice.
Update: On a detail specific note, you may remember that Stevens owns a small percentage of Riviera. (H/T Chris Robbins on Facebook for the reminder that some people may not know this)
Topic: What is Dan Lee’s next step now that he’s resigned as CEO of Palms after less than a year on the job?
Speculation: I’m going to speculate that Dan Lee’s next job will be something big. If he has a non-compete clause with Palms or just needs time away from work he might look for a major role with Genting as they open Resorts World Las Vegas.
If that’s too far ahead perhaps a move to another independently operated casino in Vegas might make sense.The Cosmopolitan might make sense as they’ll likely add new leadership when Blackstone takes over operations.
If you’re not familiar with Dan Lee, Vegas Tripping had a really detailed post when he was named CEO of Palms last year.
Photo: Riviera – Vegas Chatter, Palms – Vegas.com.
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