Sahara Vs. Trop in Vegas Seven

This week I’ve got three separate pieces in Vegas Seven. The first is a short news item comparing and contrasting two Strip casinos with similar origins and dissimilar fates:

The Tropicana and the Sahara are a study in contrasts despite some shared history; at opposite ends of the Strip, both holdovers from the 1950s managed to survive into the 21st century. Both drifted further and further down market as they faced larger and more luxurious competitors. And, as of today, they are facing profoundly different fates. One is closing, while the other has a new lease on life.

via A Tale of Two Casinos | Vegas Seven.

Why did they end up going in different directions? I’d say it’s equal parts decision-making and geography. Obviously, the Tropicana’s going to get much more walk-in action and attract more people who want to be around other casinos. The Sahara, as of today, is almost in a no-man’s-land. The decision making part is: the Sahara folks (SBE) wanted to go for a massive renovation project that would have aimed towards the luxury market, and missed the timing. Two years earlier, and they’d have gotten funding, no problem. The Tropicana, on the other hand, took a smaller approach, simply remodeling its rooms for the mid-market.

Glimpse into Sahara’s future?

An LA Times article about Sam Nazarian’s plan for a nearly-finished hotel he just acquired in Hollywood got me thinking that this could be a model for at least one of the towers at the Sahara–if things ever turn around enough to justify the renovation: The former Palihouse, which Nazarian estimates is about 85% complete, … Read more