Where is the list? page is blank.

Great article, The MGM to Bally's name change probably had a lot to do with the fire and the publicity over that.
One very noticeable name missing from this list: Bob Stupak's Vegas World, which changed it's name to Stratosphere after ther tower was built in the 1990's.
Others: Boomtown to Silverton, Maxim to whatever it is now, South Coast to South Point.......

If they cannot pay the bills they owe, They have absolutely no business investing in expansion or new projects. The "Christian" thing to do is to pay your obligations, not "strategic default", which is just a more palateable term for "deadbeat". In the old days, the members would come to the rescue with donations, organized events to raise cash (bake sales, carnivals, etc.), seeking donations from businesses, merging with another church, etc. Now it's "lets walk out on our debt, but still spend on expansion". When they borrowed, they knew what the payment was, it does not matter what the building is worth, they owe the money. Too many people are seeking the easy way out, now even churches are joining the "party". I bet they lose some membership over this. It's hard to preach decency and high moral values when actions say otherwise. I'm sure the people in charge are of high moral character, and unnderstand times are difficult. But I learned in fifth grade Sunday school that "taking the easy road" was not always the best route. The desire to have the "biggest and best" has taken over common sense in peoples private lives, and also in some churches. Sad days indeed.

Like any business that seems "booming", but cannot cover a huge debt service, The Cosmo may be chic and cool, but cannot survive on red ink. We've all seen the newest "hip" trendy restaurants open up in whatever city we live in. The ones you cannot even get into during the first few months due to crowds, but in a short time tend to normalize (as the next "hip" joint opens down the street), and eventually fail due to heavy debt service.
Unless Cosmo is able to figure out how to shake more cash out of the pockets of gamblers, they cannot survive. Today's hot club is tomorrow's "old news". A lot of us don't need to be "seen" at these over rated night clubs anyway.
Like any business, cashflow is king, and if you're losing money on $500 rooms, you need to find that cashflow somewhere.'
Good luck, It may not be my thing, but I do hope they survive and prosper.
See you at the Imperial Palace!

B.B. Kings is a great club. Good food at reasonable prices, excellent service, and every time we've been there, we've seen great bands playing.
I hope they work it out.
$1,000+ per day for dishwashing does seem extremely high, even when you include restaurant cleaning. Can easily be handled in house for less than half.

In most of the categories avove: A large number predicted better, A large number predicted worse, A large number predicted no change. Even the experts aren't sure. Personally, I'm still in survival mode, not spending any more than I absolutely have to.

With every other casino hotel reaching out for the high end and all of the "trendy" nightclubs with faux celebrities, it's nice to see someone going for a nicer place in the mid range. The TI is a much nicer (newer) place than the old Frontier (New Frontier?) ever was during the Ruffin years (and long before he took it over). One cannot really compare the 2. With TI he bought a newer resort that wasn't as rundown as the Frontier. No need to "fix it up" since it's already a nice place. I don't see it as the "party scene" he is after. They all go to the Planet Hollywood or Hard Rock, and the clubs they have. The TI seems to be going for the people willing to spend a little more (not a lot more) for a nicer place than IP, Riviera, etc. I think it will succeed with this formula.

When the market was hot (Bakersfield's housing market rose and crashed very similar to Las Vegas), People were telling me I was a fool for staying in my small, 1100 sf house when so many were "moving up". Well. I'm still in this very affordable little place I bought long before the price run up, Many who "moved up" ended up losing it all. Those who laughed in my face for staying in the old neighborhood are now watching me get the last laugh on them. My payments (including tax and insurance) are half of what rent would be.
However, I agree that now is not the time to buy, unless you want to stick around a long while, and have a huge down payment. One thing about owning, If you're upside down (under water), your options are few. You can't sell unless you are willing to throw in some cash or get the bank to eat it.
As you said in the article, every situation is different. When I paid $59,000 for my place in 1987, my dad thought I was crazy borrowing that much. Maybe I was at the time, but it worked out, and in just a few years it will be paid off. Few of those who bought in 2005 will ever get to that point. Times have sure changed, my frugal lifestyle is suddenly fashionable!

The question the writer failed to ask: " What does the future hold for Riviera and Circus-Circus?" Hopefully they will survive and sucessfully market their "historic" properties to the non-millionaire crowd. While some refer to these places as "dumps", there is a need for properties at the lower end of the price scale. Not everyone can afford Wynn, Bellagio, etc. Keep something for the Chevrolet crowd.
We stayed at Sahara a couple weeks back, really nice stay, but they seemed to be "out of" a lot of things they advertised on their web site as having. They did say they were going to "operate as normal" until the closing, but there were some obvious signs of the impending closing.

I wonder how much it actually costs to make a $150,000 purse? The markup must be pretty good on that. Then again, I imagine they need a few of that type of sale to pay the rent at the high end malls.
The days of all of the wannabe rich are done for awhile. We all know some people who, during the boom, bought items that were priced way above their means, just to try and impress the rest of us with their "stuff". Those same people are the ones who walked out on huge mortgages and credit card debt they ran up during the party. The "real" rich buy it because they can, and they want it, not because they think you or I will be impressed by it, after all, they don't want to be seen anywhere near where the rest of us might be seen.