Rumor a Disney hotel is replacing Circus Circus in Las Vegas

[HyperspaceMountainPilot]

It's not very far geographically, but that's not the only way to measure distance!

Absolutely. I simply meant that people who don’t want to fly can get to either of them (depending on where you’re coming from maybe adding about 4 hours), and putting a DVC outpost further away with draw an entirely separate crowd of people who don’t want to fly.

 

[J-Dog]

It had nothing to do with that. It had to do with the taxes that weren't taken into account with the first contracts that were sold. Disney pays for that mistake every year until the condo expires. Big. It was a massive oversight that cost heads to roll.

Huh? The point of your post that I replied to was "Those who fail to learn from their past are doomed to repeat it.". So, I guess I don't get your point, considering that DVD has not and most likely will not repeat that subsidy mistake.

 

[hardcorestitch]

That's why I don't think Vegas is a completely ridiculous spot for a Disney park with DVC properties alongside or just standalone DVC properties. Vegas is a very common timeshare location.

In the same vein, I wouldn't be surprised if we got a Vail, Colorado DVC location someday.

I know the conventional wisdom is that a Hilton Head or Vero wouldn't be built again if Disney had a mulligan, but I don't agree with that. I think Disney chases any opportunity that produces a superior rate of return that doesn't cannibalize existing offerings. And they don't mind trying/failing/reinventing something that failed. In fact, I'd say they tend to overindex on innovation funding some very questionable endeavours compared to their peers. Galactic Starcruiser comes to mind as a recent example of Disney lighting money on fire in the hopes of creating a new market. So with that in mind, I think we'll see something along the lines of a Vegas park+DVC thing within a decade. Might not be in Vegas, but it'll be some new Disney concept outside of the Orlando and LA metros.

With ESPN Bet now gone due to the sour Penn issue… now those chances are a “dream”.

 

[SL6827]

Are you sure about that?

They have lobbied against gambling in Florida, but that strikes me as awfully self-serving.

It is nothing but self-serving. If Florida goes in on gambling, Disney will follow.

 

[SL6827]

Have you been to Vegas in the last decade?

Vegas is no longer about doing anything to draw people in so they spend money gambling. Used to be cheap buffets, free drinks, cocktail girls, etc - anything to draw people to come to gamble.

Now, it's a total destination with expensive celebrity chef restaurants, world-class shows, celebrity musician residencies, etc. Many people these days go to Vegas and are plenty entertained without gambling at all.

Yes. We went to Vegas for the first time this past September. It was like 3/4 company comped, so an excellent deal. We would have never put that amount of money on our on credit cards because it was "Vegas". But we had a Fabulous time. We really enjoyed ourselves and only spent $40 on gambling.

 

[Chuck S]

But even with Gambling, the hotels aren't making money in Vegas. And their timeshare market is flooded. There is really not much of a way for Disney or DVC to make money in Vegas, at least not in the next several years, as they'd have to demolish or completely refurbish Circus Circus, itf that were the property they'd be interested in. And the older generation, like me, aren't going to spend that kind of money for Vegas when we were spoiled by all the comps and cheap food/buffets until this last decade. Remember MGM tried a Vegas theme park years ago, and closed. It isn't a family destination.

 

[J-Dog]

But even with Gambling, the hotels aren't making money in Vegas. And their timeshare market is flooded. There is really not much of a way for Disney or DVC to make money in Vegas, at least not in the next several years, as they'd have to demolish or completely refurbish Circus Circus, itf that were the property they'd be interested in. And the older generation, like me, aren't going to spend that kind of money for Vegas when we were spoiled by all the comps and cheap food/buffets until this last decade. Remember MGM tried a Vegas theme park years ago, and closed. It isn't a family destination.

I agree that hotels aren't currently making money in Vegas. Vegas needs to look in the mirror about it's current pricing schemes, because the main casinos have been consistently declining in revenue for something like the last 16 quarters straight.

But I still have to disagree with the "Vegas isn't a family destination" thing - there absolutely are TONS of kids vacationing in Vegas all the time. Just because the city isn't marketing to them doesn't mean that some company couldn't decide to cater to families. Like I said in this thread last February - I seriously doubt Disney would be that company, but it's not out of the question that someone tries the family tactic again in Vegas at some point.