Friday, November 20, 2015

SLS Focusing on Fundamentals

News of Sam Nazarian selling his 10% stake in SLS broke last month, but the transaction was officially approved this week.

The Vegas Inc story about the approval had some interesting quotes from current SLS boss Scott Kreeger.

Kreeger admitted that SLS has gotten off to a rough start financially, saying "It's probably fair to say that the first year at the property was a little tumultuous."

It seems that now Nazarian is out of the picture, Kreeger is taking a "back to basics" approach to the resort. He said they are going to focus on a more "fundamental Las Vegas casino model."

In addition to making those casino changes, SLS will be adding the new Foundry Hall concert venue soon, along with converting one of the hotel towers into a W Hotel.