Hooters Casino Hotel is located in Las Vegas, Nevada, and is a hotel-casino. Hooters Casino Hotel is also home to five restaurants. Built on the site of San Remo Casino.
Its staff are famous for their ample cleavages, but the financial assets of the Hooters hotel-casino on the Las Vegas Strip aren't looking so good.
Yesterday the owners filed for bankruptcy, listing assets worth $10 to $50 million against liabilities of $162 million.
The hotel was re-branded as Hooters in 2006, but has suffered substantial cash flow problems -- its casino has never made money -- as well as very mixed feedback from customers....read the rest
Hooters celebrated its 25th anniversary last year, but it's not clear if its Las Vegas casino will make it to 4.
Hooters Casino Hotel opened just off the Las Vegas Strip 3 1/2 years ago, hoping to add some spice to what had been the frumpy Hotel San Remo. Its ownership group includes some of the founders of Hooters restaurant chain, which was launched in Clearwater in 1983.
However, the casino hasn't been nearly the success Hooters restaurants have been. On Friday, the business entity that controls Hooters Casino Hotel, named 155 East Tropicana LLC, announced it lost $5.1 million in the three months ended June 30. That compares with a profit of $2.4 million in the same three months in 2008....read the rest
Now that the $225 million purchase of the Hooters casino hotel appears to be nearing a close, the buying company says that it will ditch the owl theme when it takes control. The plan is to redevelop and rebrand the resort to court the high-end visitor, rather than the perceived lower-demographic Hooters crowd. Indications are that the 727-room hotel will be completely remodeled to the tune of about $130 million. It hasn't been decided whether the property will close during the work....read the rest