So anytime I hear a major casino resort in Las Vegas may have plans to revamp and de-theme like Monte Carlo which is now Park MGM, Treasure Island which is now TI, Imperial Palace which is now Linq and MGM Grand forgoing its “Wizard of Oz” roots; It saddens me.
I do understand the need for remodels and updates and even them changes, but would prefer Vegas keep resorts and casinos themed.
Enough Whining... On to the rumors.
While no official announcement has been made by MGM Resorts, the iconic Las Vegas Luxor Resort and Casino could be facing demolition if the gossip is to be believed. The consideration is believed to be based on the distinctive and limiting design, which does not allow for much in the way of change. There is also some possible issues regarding inability to repair structure and talk of a MLB ballpark looking for a spot on the strip.
The same face-lift dilemma is rumored to be a topic possibly being discussed regarding the Excalibur Hotel & Casino in Las Vegas as well.
Luxor opened 26 years ago, on October 15, 1993. During a time when Las Vegas was much more focused on attracting families. In recent years it has tried to return to its Sin City roots. Las Vegas spent the 1990s trying to attract families by transforming into a kid friendly entertainment destination, but children don't gamble and neither do parents who are entertaining children.
Some de-theming of casinos in Las Vegas began earlier this decade and many changes have already been made at Luxor and other casinos to move away from the original themes. However, it’s nearly impossible to re-image a massive pyramid.
Sources say MGM company officials have discussed the demolition of both Luxor and Excalibur for the last five years and perhaps the COVID-19 shutdowns may contribute to rumors.
MGM Resorts’ real estate investment trust MGM Growth Properties (NYSE: MGP) owns the physical assets of Luxor.
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