"As we have discussed, this is a discretionary trade for us," Reeg said,Īt the time of the proposed sale, the CEO explained his logic and the feedback the company received. That process fell through but Caesars Entertainment CZR CEO Tom Reeg was clear that he was okay with that during his company's second-quarter earnings call. Little attention has been paid to The Flamingo in recent years as Caesars has made major additions to Caesars Palace, revamped parts of Harrah's, modernized Horseshoe after it dropped the Bally's name, and added multiple restaurants and bars to Paris Las Vegas which will also add a tower that was previously part of Horseshoe.įlamingo was overlooked because, at this time last year, the company was still planning to sell the resort. Related: Las Vegas Strip leaders share a red flag for visitors Technically, the venue also claims Jimmy Buffett's Margaritaville as a tenant, but that popular bar and restaurant is more adjacent to than part of the property. It's a classic casino, but its rooms need to be remodeled, and its restaurant lineup to be refreshed to bring it close to the offerings of the other properties in Caesars' Las Vegas Strip portfolio.Ĭurrently, the resort houses Bugsy & Meyer's Steakhouse, and the non-descript Carlos 'n Charlies as well as a low-end food court and a coffee shop/snack stand. The oldest resort casino on the Las Vegas Strip, The Flamingo, has seen better days.
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