-the chad wrote on March 27, 2008 08:34 PM: Does anyone remember the numbers I presented about a month ago when the announcement of another 10k new hotel rooms cam about? It was also announced at that time by the LVCVB a small increase in tourism was projected over the next 10 years. It translated to the inability to fill all the rooms with the current transportation infastructure. With the current tourism increase projections I figured on average an additional appx 6800 hotel nights would be added by the increase in the number of vistors and factored in couples, singles, relative vistors, etc so, 10k - 6800 = rooms left over, add another 3500 rooms and a few more condos, and what do you have? more empty rooms which in the end will mean cheaper prices at places like the MGM, Monte Carlo, and NYNY. Way to study things out FX.

Free Nevada wrote on March 27, 2008 04:34 PM: Lorenzo Sunshine, not sure reporting is the issue as much as the reading-comprehension (and the writing style)...from what I read, the Developer paid $221m for the land and is the landlord of those businesses that occupy it. They have gone public, which means they can raise money in the stock and bond markets and they must have paid a fee to license the Elvis theme. It could do very well, particularly with those born before 1961, Japanese and European tourists (who have embraced Americana and have favorable currency rates), and those who may be well heeled but feel a bit out-of-water in the fancy-pants MGM Grand, Leaning Tower of Mandalay, Bellagio Funeral Parlor, etc. Main competitor style-wise will be Excalibur, Harrahs, Sahara but those aren't very luxurious relative to even a basic Hilton found in any major city. See the fit?

jed clampett wrote on March 27, 2008 03:53 PM: Now, now, Jethro's done a heap o' good, and they are a-starting work on Bodine's as we speak. Its out tharabouts in Douglas County, not no RENO. Too many snooties thar.

The Donald wrote on March 27, 2008 10:26 AM: The project is being designed to "compete within the upper strata of the luxury market," according to the filing.

An Elvis hotel designed to compete within the upper strata? Ha! Ha! That's a joke. Might as well bring Jethro Bodine down here from Reno, I like his idea better.

Jokes wrote on March 27, 2008 09:58 AM: Is this really news worthy? I think not. What is significance of this?

Dreams wrote on March 27, 2008 09:54 AM: The company acknowledged it doesn't have enough money on hand or through cash flows to fund the project.

And when I grow up I am going to be a fireman and put out fires all over the world with my shiny new red fire truck that Santa will bring me.

the ghost of sands wrote on March 27, 2008 09:35 AM: it will probably end up like hooters and be a flop, nothing like having more traffic on the strip due to construction builing this elvis casino and then having it demolished/re-designed too a new theme because elvis wouldn't work causing more traffic again. way to go!

Jerry Wayne wrote on March 27, 2008 08:40 AM: My mom loves Elvis. I do not. I respect the king, but 18 acres devoted to him seems like another epic blunder. Elvis is a novelty at best. All the people that love him passionately are getting older and older, with the youngsters not even really knowing who he is.

Getting rid of Harley Davidson Cafe, Smith and Wollensky, and one of the only McDonald's on the strip you don't have to walk through a casino to get to doesn't seem to be worth it.

omik wrote on March 27, 2008 07:37 AM: This is a Brett Torino gig, if it is anything like the Hawaiian Market then no worries....crash. Just don't invest!

Lorenzo Sunshine wrote on March 27, 2008 06:49 AM: Wow, what journalism! The developer doesn't have any money, the site's already occupied by other businesses, the company won't comment (and it doesn't sound like EPE was even asked) But even with all these questions, the reporter got an Elvis impersonator on the phone! I can't believe he was available!