Club Operator Light Group Sold

What do you do if you lose your mananagement deal of a big Las Vegas resort property such as Morgans Hotel Group did after the "Hard Rock" defaulted on its debt and was given to its lenders? Well in Morgans case you double down and buy Las Vegas nightclub operator the Light Group for $46.5 million which will give it 90 percent of the company. If you are not familar with the Light Group it owns such clubs has the Bank at the "Bellagio," Haze at "Aria" and a steakhouse at "Monte Carlo" called Brand. The company also owns the long running Jet nightclub at the "Mirage" which is reopening on New Years Eve with what has to be the worst club name 1 Oak. This may be a smart business move for Morgans as the Light Group clubs have done well and the company has a good business relationship with MGM Mirage im not in to $600 or more bottle table service at a nightclub but it seems many people are. 

Strong Winds Returning To Las Vegas

The National Weather Service has issued a Red Flag warning for the Las Vegas area today for hot and gusty winds. This condition also means a fire risk for as small fires can get big quickly. For most Las Vegas visitors it just means its harder to walk the strip and some of the hotel pools could close down if it gets too bad. As you can see from the premade sign in the picture from the  "Mirage" this does happen from time over the summer and is not usually a big issue.

Steve Wynn Discusses Building The "Mirage"

This is a clip from 2007 where Steve Wynn discusses building the "Mirage" resort with Michael Eisner on CNBC. 

Couple Of Days Of Strong Winds In Las Vegas

A few days this week Las Vegas had some strong winds and dust be blown around there was no major damage i was hoping the Circus Circus clown sign would blow away but alass it survivored. The sign above is by the door going out to the Mirage pool area because there is nothing worse than getting your drink umbrella blown away.