The Luxor To Close?


Las Vegas Sign

A website i do like and usually has good sources Vital Vegas is reporting that there are plans too close and demolish the recently reopened Luxor on the South Strip.

Even though i’m sure this likely has been discussed at MGM like many other options it would be surprising if the Luxor were to close in the near feature although in the future that could be a possibility.

MGM Resorts has spent the last few years paying down debt and with less worrying about that it should look at its assets and how to get more money out of them in the future.

The ill fated theming trend which was intended to bring families to Las Vegas and the Strip is over. Not really surprising people that bring their kids are less likely to gamble, nightclubs or eat at expensive restaurants as they cater to their kids.

MGM Resorts has a bigger issue than most companies de theming because it’s hard to hide the castle at Excalibur or the pyramid at Luxor. MGM Resorts has tried to strip out as much of the theming possible at Luxor but the end of the day it’s still a big pyramid which you cannot hide.

There has been rumors for years about alleged structural issues causing more maintenance; I don’t know if this is true or not but maintaining a building with all those angles adds to the complexity.

I have stayed at the Luxor numerous times over the years and would be sad to see it go but Las Vegas is always changing. The market in Las Vegas under the pandemic as you would expect is weak.

Would it make sense to close the property now and construct something new whilst the times are bad so ready for when they get better. I guess it’s up to MGM resorts to decide or might they just incorporate the Luxor in to the Mandalay Bay and put up another tower matching that one where the Pyramid of the Luxor is now.

The key to all of this is to get higher room rates and return on their investment of the various venues on the property. The Mandalay Bay with its wave pool and attractions gets higher rates, the Excalibur’s brings in lower rates but it brings in a certain customer the Luxor sits in the middle where are plenty of other options.

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