« The Las Vegas light may disappear if candid cameras are installed at intersections | Main | Vegas vermin invades Grand Vitarra, creating panic on wheels in a custom ratmobile »

Hooters Las Vegas hotel-casino venture doesn’t hold up

Hooters Las VegasAs it turns out, Las Vegas wasn’t the hoot that Hooters thought it would be. Alas, there’s too much T&A skin and cleavage on view at any given time in almost any Vegas casino for Hooters to show perky profits. Results have pointed downward and flopped to a loss of $16 million in the nine first months of last year, according to Dow Jones Newswires and the Las Vegas Review-Journal.

Barely a year after Hooters hotel-casino opened off-Strip on East Tropicana Avenue, a casino advisory group plans to buy the property and its operating company for $95 million, the R-J said on Jan. 23.

“Analysts charge that although the Hooters Girls and their bright orange short-shorts lure plenty of patrons in Little Rock, Ark., and Albuquerque, N.M., Las Vegas has flesh appeal everywhere,” said D-J in the R-J.

Local observers added that renovation of the former San Remo Hotel at 155 East Tropicana Ave. was cursory at best, noting also that the San Remo earlier had been a destination for el cheapo bus tours originating from Los Angeles and Monterey Park.

Thus the Hooters attempt to bust into the Las Vegas hotel-casino market went bust because, as the saying in Spanish goes, it was like taking a sandwich to a banquet.

Comments

They did clean up the old San Remo but the shell is just that, cleaned up.

The only difference really are the Hooters Girls...

David
http://www.vegas24hrs.com

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Email Entry

What’s going on in the Las Vegas Valley…and beyond. Written by locals, for locals, and updated as it happens.

Subscribe to this blog's feed
Add to: Google, My Yahoo, My MSN, My AOL
What is this?