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Asolica > Blog > Finance > Oldest Las Vegas Strip resort on line casino getting large overhaul
Finance

Oldest Las Vegas Strip resort on line casino getting large overhaul

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Last updated: November 30, 2025 2:33 pm
Admin
1 week ago
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Oldest Las Vegas Strip resort on line casino getting large overhaul
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Even at age 80, one among Las Vegas’ most storied lodge resorts nonetheless has secrets and techniques to disclose.

Contents
    • Flamingo getting a brand new foyer
    • A glance again on the Flamingo’s 8 a long time on the Strip
    • Bugsy’s Bar will get a considerable replace
    • Why the Flamingo anniversary Issues
  • Caesars tried to promote Flamingo
    • Caesars Leisure’s current financials:

The Flamingo, based by infamous gangster Bugsy Seigel, is taken into account the primary fashionable lodge resort in Las Vegas. Seigel had a penthouse suite at his lodge and for years, Las Vegas lore was that he had a entice door within the suite that led to a tunnel in a storage the place he might escape when foes obtained too shut.

The getaway storage was the stuff of myths till simply a few weeks in the past, when On line casino.org printed images of the key tunnel.

Myths or not, few resorts on the Las Vegas Strip can declare a steady presence stretching again practically eight a long time.

Even fewer are positioned on the very coronary heart of the Strip, the place thousands and thousands of tourists go by every year and foot visitors alone can outline a property’s fortunes.

Now, because it approaches a milestone birthday in 2026, the center-Strip resort is getting ready a wave of upgrades designed to raise the visitor expertise whereas staying true to the legacy that made it a landmark.

The resort introduced on Nov. 24, 2025, that its arrival and on line casino areas will bear a large redesign, together with a rebuilt foyer, a brand new foyer bar, an upgraded VIP check-in space, refreshed public areas, and a full overhaul of the casino-level Bugsy’s Bar.

The property updates come at a time when Strip properties are more and more targeted on how their public areas set the tone for the complete keep, particularly in high-traffic places the place first impressions carry outsized weight.

So like its neighbors — together with Bellagio, Luxor, and The LINQ which have spent the final two years modernizing public areas to compete with newer arrivals — The Flamingo is endeavor a refresh throughout a interval of main reinvestment throughout the Strip.


Considered one of Las Vegas most historic resorts is getting a facelift.

Shutterstock

Flamingo getting a brand new foyer

The Flamingo’s new foyer will function a pod-style entrance desk structure and fashionable finishes that incorporate contemporary interpretations of the lodge’s namesake chook, based on a Caesars Leisure information launch.

Bronze flamingo statues, customized murals, and heat tropical accents tie the brand new look again to the resort’s origins whereas emphasizing comfort and move.

Associated: Las Vegas Strip resort casinos attempt to win again guests

The brand new foyer bar, for instance, is a 20-seat venue surrounded by televisions and geared up for each tabletop gaming and informal lounging. Will probably be one of many first issues friends see after they arrive.

Its placement throughout the redesigned foyer displays a broader hospitality development: front-of-house areas are now not only for check-in however function social hubs and transitional areas for friends making their strategy to the on line casino, pool, or eating places.

A glance again on the Flamingo’s 8 a long time on the Strip

  • December 26, 1946 – Flamingo Las Vegas opens, changing into one of many first luxurious resorts on the long run Strip.
    Supply: Las Vegas Weekly
  • 1947 – After early monetary difficulties, the property reopens and begins drawing regular crowds.
    Supply: Las Vegas Weekly
  • Nineteen Fifties–Seventies – The resort expands a number of instances, including towers, gardens, and lounges that outline mid-century Las Vegas.
    Supply: Las Vegas Weekly
  • 2005 – The Flamingo turns into a part of Caesars Leisure (previously Harrah’s Leisure) by means of company acquisition.
    Supply: SEC
  • 2024–2025 – The property debuts Pinky’s by Vanderpump, Gordon Ramsay Burger, Havana 1957, and the redesigned Go Pool.
    Supply: SCCG Administration
  • November 24, 2025 – Caesars declares the most recent renovation plans, together with the brand new foyer, foyer bar, VIP check-in, up to date public areas, and a revival of Bugsy’s Bar.
    Supply: Caesars

“We’re introducing fresh designs that complement the recent additions to the property, creating spaces that feel modern yet unmistakably Flamingo,” Senior Vice President and Basic Supervisor Dan Walsh stated within the announcement. “The resort has always been an icon on The Strip, and these renovations ensure it remains a vibrant, must-visit destination for years to come.”

Bugsy’s Bar will get a considerable replace

On the middle of the on line casino flooring, Bugsy’s Bar will obtain essentially the most main replace its had in years. The redesign will introduce a bolder visible id and a newly expanded cocktail menu served across the clock.

As one of the seen touchpoints on the gaming flooring, its transformation is meant to boost the property’s general ambiance whereas giving friends one other social anchor throughout the on line casino. (So far as we all know, there are not any plans for a secret entrance or exit of any kind.)

Associated: Las Vegas Strip Sphere units large band’s final 2026 residency present

These updates construct on the resort’s current wave of additives, which embody Pinky’s by Vanderpump, Gordon Ramsay Burger, Havana 1957, and the redesigned Go Pool. In 2026, the Flamingo may also welcome Salt & Straw, the nationally recognized artisanal ice-cream model, together with Class 10, a Luke Combs-inspired leisure expertise developed by Opry Leisure Group.

Why the Flamingo anniversary Issues

The Flamingo’s eightieth 12 months offers Caesars Leisure a pure second to showcase the lodge’s historical past whereas modernizing key guest-facing areas. And its location — on the mid-point between Caesars Palace, Bally’s/Horseshoe, Paris, and The LINQ Promenade — means the enhancements shall be felt instantly by guests navigating the busiest part of the Strip.

Development on the brand new foyer, foyer bar, and Bugsy’s Bar will proceed into 2026, aligning with the resort’s anniversary 12 months. For a property that helped outline the early Strip, the upgrades sign an effort to strengthen each its legacy and its aggressive place at one of many busiest intersections in Las Vegas.

Flamingo is the one pre-1950 Strip resort nonetheless working on its authentic footprint, making it a traditionally vital property. The still-operating casinos which might be older, together with El Cortez, Golden Nugget and Binion’s are downtown, not on The Strip.

Caesars tried to promote Flamingo

Again in 2022, Caesars was trying to divest itself of Flamingo, partially resulting from the price of renovating the property. CEO Tom Reeg commented on it throughout his firm’s second-quarter 2022 earnings name.

“It’s very clear the timeline that is laid out in the VICI documents that govern this. So we launched early this year, the deadline is by the end of the summer. And every deadline I’ve ever seen in deal land, the work goes into that deadline,” he stated.

The sale was not made that summer time, and Reeg was clear that Caesars didn’t have to promote the property.

“For us — and there’s — there are plenty of interested parties. Obviously, the financing environment is what it is. And if that’s going to impact what someone will pay, there is a level where we’re not going to chase it. I’m very happy to just clip the free cash flow and come back later,” he stated.

Caesars Leisure’s current financials:

  • 2023 full-year internet revenues: $11.5 billion
    Supply: Caesars Investor Relations
  • 2024 full-year internet revenues: $11.25 billion — a slight decline versus 2023.
    Supply: Caesars Investor Relations
  • 2024 GAAP internet loss: $278 million, in contrast with a internet earnings of $786 million in 2023. The swing was largely resulting from a tax-asset valuation adjustment tied to REIT leases.
    Supply: Caesars Investor Relations
  • This fall 2024 internet revenues: $2.80 billion, in contrast with $2.83 billion in This fall 2023.
    Supply: Caesars Investor Relations

Las Vegas welcomed greater than 41.7 million guests in 2024, based on the Las Vegas Conference and Guests Authority and whereas numbers are down in 2025, Sin Metropolis will nonetheless see round 40 million by 12 months’s finish, primarily based on LVCVA year-to-date journey numbers.

Associated: Legendary off-the-Las Vegas Strip on line casino makes shock comeback

(The Area Group will earn a fee if you happen to e-book a visit.)

Please make a free appointment with TheStreet’s Journey Agent Accomplice, Postcard Journey, or e-mail Amy Put up at amypost@postcardtravelplanning.com or name or textual content her at 386-383-2472.

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