Comments on: You Will Be Assimilated

By: BeeeJay

BeeeJay — Sun, 17 Jan 2010 03:05:08 +0000

Its a good risk for the private equity owners, I’m sure they are getting P.Ho for next to nothing and if it doesn’t work out, which it wouldn’t have anyway for Harrah’s, they file bankruptcy and enjoy the other $70 billion worth of holdings they own whose growth alone during the same time frame will cover the Harrah’s losses.

By: Ron from MI

Ron from MI — Sat, 16 Jan 2010 22:47:08 +0000

Certainly a beginning of the end of the Las Vegas Strip as we know it.

Why would Harrah’s buy a property in hard, yet recovering times when THEY can’t pay their bills? It baffles me that Loveman and the two private equity companies would jump in and do business with Robert Earl.

If this sale goes through, it may be the beginning of Harrah’s Entertainment; and no bailout by the U.S. Government is going towards rescuing a casino company, that and MGM-Mirage, which has a City Center to worry about.

Harrah’s is out of touch and out of its mind; I see a bankruptcy filing on the horizon.

Sad.

…if only people would learn.

By: Huddler

Huddler — Sat, 16 Jan 2010 12:15:15 +0000

Bad news indeed. I have stayed and played at P-Ho my last couple trips and have loved it! Great energy and vibe. It is, or WAS, a totally different gaming experience than Harrahs and MGM properties. I never thought I would say this but I think I am going to start staying downtown after my next trip. I hate these Mega casino corporations and how every property they touch turns to shit.

By: Disco Stu

Disco Stu — Sat, 16 Jan 2010 08:59:50 +0000

Who doesn’t enjoy a Sword of Damocles reference on a Vegas site? Quality!

I have enjoyed PH every time I have stayed or played there. They have some of the nicest standard rooms, a great location, a buffet of note, and the casino plays music I would play myself. Knowing this will put an end to the last solo property between the Trop and Casino Royale is disappointing.

I know the last time I was there, I spent enough time on the second floor of the casino to realize how dead the space was. Such a huge area was being vastly underused, especially with the theater and Koi up there to draw customers. The machines up there were almost an afterthought like, “Play them if you want, we don’t care.” There was a lack of energy up there that was completely different from the main playing area.

Since I am staring at a PH chip on my keyboard as I type this, I hope that it will retain some of the flavor that makes it my favorite mid Strip property.

By: Michael

Michael — Sat, 16 Jan 2010 05:34:28 +0000

Agreed that Downtown needs to get more love and the locals should start going there instead of the Station casinos, which grew too quickly and have been too greedy. Downtown offers great value and services and is closer to the Rat Pack Vegas experience most douchebages yearn for. Plus, it’s nowhere near as dangerous as it used to be.

By: blueboar

blueboar — Sat, 16 Jan 2010 05:30:35 +0000

Well, this is a real shame. Because I agree that the PHo was a lot of fun lately.

The way I read the press release, Harrah’s is only taking over the hotel operations so far. So hopefully it’ll be a couple of months yet before they take over the casino operations and the place begins it’s inevitable slide.

As far as casinos that aren’t part of the duopoly, I’m curious to see what happens with the Trop. The previous owners let it turn into a bit of a shithole. But new owners and they’re putting some money into it. And I’ve heard that a couple of top PHo executives have bailed over the past couple of months since Harrah’s started their PHo takeover attempt and went to the Tropicana. Be interesting to see if they can help bring the Trop back, especially in this economy. Hey, at least it sounds like they’re going to try.

By: Dan

Dan — Sat, 16 Jan 2010 03:51:46 +0000

This is definately a sad day for Las Vegas. More 6/5 Blackjack and 7/5 Video Poker will only add to the unemployment lines in Nevada. If I want crappy odds and horrible service I can go to any of a dozen Indian casino’s within an hour of my house. I certainly don’t need to travel to Las Vegas.

We always stay Downtown but prior to the whole downturn in 2007/8 they were headed in in the wrong direction as well. Most downtown properties have righted the ship and are once again offering decent “gaming”, but how long will that last once the “recovery” takes hold?