Center for Gaming Research
UNLVGamingReseach on Facebook UNLVGaming on Twitter
UNLV
Paradise Misplaced
Las Vegas 1975

The Appraiser's Report: Spotlight on Las Vegas circa 1975

Las Vegas map, 1975
Las Vegas, 1975

 

In their quest to get mortgage financing for the Xanadu, its builders tapped Gary H. Kent to conduct a feasibility study and write an appraisal report.  The report was a detailed description of the current (1975) Las Vegas tourist and casino market. 

Given the economic vigor of the other Strip casinos, Kent concluded that the project would be a "highly feasible venture" if built and estimated its ultimate fair market value at $144 million. 

The appraisal included loads of financial data on casino and hotel operations on the Strip, as well as photos of all major Strip resorts.

Text of the Report:

Area and city information

Neighborhood description

The "Las Vegas Strip" Tourist Industry

Site Description

Summary of Findings: Hotel

Summary of Findings: Gaming

 

Hotel Statistics

Summary of existing "Strip" hotel facilities

Inner hotel ratios

Room rate comparison chart

Air and ground travel

Vacancy rates: Las Vegas vs. national

Available Strip hotel rooms and spending

Gaming Statistics

Income per device (21, roulette, craps)

Income per device (bac, keno

Income per device (slots)

Income per device (slots continued)

Annual income per gaming device

Gaming revenue/hotel/casino spending

Other Strip Casinos

Las Vegas Strip Map
Las Vegas Strip casino map, 1975
Aladdin
Aladdin Hotel
Caesars Palace
Caesars Palace
Castaways
Castaways
Circus Circus
Circus Circus
Desert Inn
Desert Inn
Dunes
Dunes Hotel
Flamingo
Flamingo Hotel
The Frontier
Frontier Hotel
Hacienda
Hacienda
Holiday Inn
Holiday Inn
The Landmark
Landmark
Las Vegas Hilton
Las Vegas Hilton
Marina
Marina
MGM Grand
MGM Grand
Riveria
Riviera
Royal Inn
Royal Inn
Sahara
Sahara
Sands
Sands
Stardust
Stardust
Thunderbird
Thunderbird
Tropicana
Tropicana
Photos of the site with original captions
Xanadu's neighborhood
"Neighborhood"

Looking southeasterly
Looking southeasterly at the subject from near its northwest corner

Looking northeasterly
Aerial view of the subject looking northeasterly

Looking southwesterly
Looking southwesterly at the subject from near its northeast corner

northerly look
Aerial view of the subject and the "Strip" looking northerly

Looking northwesterly
Looking northwesterly at the subject from near its southeast rear corner.  Photo shows Freeway ramp in the background

Looking northeasterly
Looking northeasterly at the subject from near its southwest corner.

main | history | outside | inside | Vegas 1975 | estimates | theme | Martin Stern | poem | about

Follow UNLVgaming on Follow unlvgaming on Twitter Twitter and UNLVGamingResearch on Facebook

© 2016 University of Nevada, Las Vegas. Do not copy or reuse without permission.


Last modified Wednesday, 02-Dec-2009 11:37:40 PST