Yes folks, it's true. As soon as 2nd quarter of 2009, the MGM family of casino resorts will become a little smaller.
Treasure Island, also known as TI after its recent rebranding, is located at the less busy north end of the strip. Perhaps best known for its outdoor pirate battle (which recently also changed to the 'Sirens of TI' - a more sexy version of the same battle), TI has also undergone major interior 'soft renovations' (upgraded bed linens, room decor, and flat screen plasma TVs).
Billionaire Phil Ruffin will be purchasing TI for $775 million, adding to his collection of Marriott, Courtyard by Marriott, and Fairfield Inns, located throughout six different US states.
What does this mean to you?
Probably a couple of things - an impact to service levels and potential issues with Players Club points consolidation.
After Harrahs marged with 5 other strip properties, they tried to consolidate each unique resort's Players Club points...total disaster. It's like part of their database just disappeared (I know - I went from being considered a bit of a high roller to a nickel & dimer that didn't warrant even a discounted room). Shortly following this merger, there was rumour that the Imperial Palace and Flamingo would close. Almost immediately, you could see a difference in service - straight downhill. It's virtually inevitable that this will happen with TI.
Oh the other thing it will no doubt mean is that they'll bring in all the really great video slot machines - you know - all the themed ones like Gilligan's Island, Monty Python's Holy Grail, Terminator, Star Wars, Austin Powers, even Trump might finally make it to the Las Vegas strip with his Apprentice themed video slot machine. Typically when a casino is closing, you see all the fun slots, but the downside is that they rarely pay, so PLAY FOR FUN - not to win, and you'll enjoy all the crazy bonus rounds they offer.
Enjoy the TI while it lasts...who knows what it will look like in a year's time.
Tuesday, December 16, 2008
Vegas news: MGM to sell Treasure Island
Labels:
acquisition,
merger,
MGM Grand,
TI,
Treasure Island,
Vegas
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