Luxor Las Vegas Demolition Rumor
I’ll never forget my first visit to Luxor Las Vegas. It was October, 1993 sometime during the opening week. We had just moved to Las Vegas in June and I remember how exciting it was that three mega resorts (MGM Grand, Treasure Island & Luxor) were all opening within a few months of each other.
I also remember Luxor being a bit rough around the edges at opening. Landscaping wasn’t quite done and it was pretty evident, even to an 11 year old me, that it had all been rushed. But it was still so cool! I mean there was a boat ride around the casino and a monorail! What is cooler than that?!?
The Theme Is A Thing of the Past
Alas the Luxor isn’t the themed mega-resort that it once was. The family friendly era of 1990’s Las Vegas is solidly in the rear view mirror and most hotels on the Las Vegas Strip have de-themed. Over the years Luxor has lost a lot including it’s boat ride and so much of the unique Egyptian theming that once made it stand out.
According to Vital Vegas, it is possible that Luxor or perhaps even its neighbor Excalibur could be on the chopping block for demolition.
While no official announcement has been made, a decision to bring down Luxor during a period of weak demand due to the COVID-19 crisis could make sense for the resort’s owner, MGM Resorts.
The company has long felt its hands are tied by the distinctive, but limiting, Egyptian theme.
Our sources say company officials have discussed demolition of both Luxor and Excalibur for at least five years, but have been unable to proceed due to union contracts. It’s possible the COVID-19 shutdown has paved the way for what’s to come for Luxor.
Vital Vegas makes some good points about the property, its history and how iconic the pyramid is to the Las Vegas skyline. Demolishing it would definitely be a blow to Las Vegas. Still, one cannot argue that Luxor and Excalibur next door have long been on the lower end of MGM Resorts offerings in Vegas with prices pre-resort fee sometimes in the teens.
Luxor Las Vegas Demolition Rumor – Bottom Line
The current situation gives MGM options they didn’t have before with union contracts, but I still don’t think it makes sense in the grand scheme of things. They’ve sold off properties like Bellagio and MGM Grand just to get money to fund overseas investments, so it probably isn’t likely they’ll be funding a new expansion on the Strip. Which leaves the question. Is Luxor really that unprofitable?
As with any rumor we’ll have to wait to see how it shakes out, but one thing is for sure, I’ll certainly miss Luxor Las Vegas if it goes. What do you think?