Las Vegas Sun. Robinson works for TLC Casino Enterprises Inc., which also owns the adjacent Four Queens Resort & Casino, which has nearly 700 hotel rooms.

The casino and sports book and poker room on the ground floor will remain open as will the steakhouse on the 24th floor and other casual dining outlets, she tells GlobeSt.com, but a basement coffee shop also will close and a small keno operation also will be discontinued. The closures are being timed to a seasonal lull following the Nationals Finals Rodeo, which concludes Dec. 12.

With the average daily room rate plummeting and gaming revenue down significantly due to fewer tourists spending less money, Robinson tells GlobeSt.com that TLC had to look at its costs, identify the "biggest drains" and make some "unfortunate but necessary decisions in order to keep the remaining property operational."

"We plan to reopen the rooms, we just can speculate as to when," she says.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.