Las Vegas Strip Casino Demolition Sparks Surge in Room Rates

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As Las Vegas eagerly anticipates the impending demolition of the Tropicana hotel-casino, surrounding properties are seeing a surge in room rates.

The remaining portion of the Tropicana is set to be imploded at 2:30 a.m. on October 9th, pending permit approval from Clark County. Prior to the controlled demolition, a fireworks and drone show will dazzle spectators on October 8th, stated Bally’s Corp., the operator of the iconic Rat Pack-era casino.

Enthusiasts of Las Vegas and casino history are seizing the opportunity to witness the first implosion in Sin City in nearly a decade.

Following the recent announcement of the implosion, properties near the Trop or with direct views of the event wasted no time in increasing prices for rooms on the night of October 8th.

Rooms at the Oyo hotel-casino, the closest property to the Trop, with a Strip view are now commanding prices ranging from $549 to $567 for the night.

MGM Resorts International, the operator of three casinos at the intersection where the Tropicana stands, is also capitalizing on the event. Rooms at New York-New York and Excalibur are already sold out, while the cheapest room at the MGM Grand is currently listed at a staggering $1,550.

Meanwhile, rooms at the Bellagio and Vdara hotels start at $699 for the night, despite being nearly a mile away from the implosion site.

The scheduled implosion of the Tropicana coincides with the Global Gaming Expo (G2E), the largest annual gambling industry conference. Room rates are typically inflated for G2E, particularly at properties near the Venetian Expo Center where the convention is hosted.

The last casino in Las Vegas to be imploded was the Riviera in August 2016. Prior to that, the New Frontier was imploded in November 2007, and the Stardust met the same fate in March of that year.

In a more recent high-profile implosion, the former Trump Plaza casino-hotel in Atlantic City was demolished in February 2021, nearly seven years after it closed for business.

The demolition of the Tropicana in Las Vegas will pave the way for a proposed baseball stadium. Officials have announced plans for a $1.5 billion stadium to be built on the site, along with a new resort to follow. However, funding sources for these projects have yet to be determined or approved.

For more information, contact David Danzis at ddanzis@reviewjournal.com. Follow AC_Danzis on X.

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