Since recording show #129, a couple news items caught our attention.
Since HET acquired all of the property on the east side of the Strip from Harrah’s to Paris, everyone has been awaiting the company’s “master plan” for redeveloping their holdings. Everyone assumed Imperial Palace would be the first to go. Well, don’t expect an implosion of IP anytime soon. A blurb at the bottom of today’s Inside Gaming column indicates Harrah’s is converting Imperial Palace to the Total Rewards players club—a sure sign IP will be around for awhile.
The Las Vegas Strip was the site of yet another shooting yesterday when a couple people got capped at Caesars Palace. The Las Vegas hotel and casino industry is pretty good at sweeping these stories under the rug quickly, but when multiple incidents occur over just a couple months, questions about safety on the Strip are sure to increase.