Sammy Hagar’s LV Residency is Coming Together

One of the most famous rock and roll musicians of all time is planning an exciting new residency in Las Vegas. According to new reports, Sammy Hagar’s LV residency will take place at the STRAT Hotel & Casino in northern Las Vegas. It’s expected to be one of the best new shows in the city.

Sammy Hagar In Concert

Las Vegas is home to a huge number of popular musicians. Unfortunately, many fear that the spreading coronavirus may reduce tourism rates here. Today, we’ll look at Hagar’s plans in Las Vegas, and discuss how the city may fare for the rest of 2020.

Let’s get into it!

Las Vegas STRAT Proves to Be a Major Upgrade

There was a time when the Las Vegas Stratosphere was considered one of the coolest properties in Las Vegas. It first opened to the public in 1996 as the second-tallest freestanding observation tower in the Western Hemisphere. It also featured a hotel and casino for guests.

As time went on, however, the Stratosphere began losing revenue. Many felt its location at the north end of the Las Vegas Strip made it unappealing for many visitors. In more recent years, many criticized the hotel’s lack of renovations.

Ownership of this venue has changed hands several times over the years. In June of 2017, it was announced that Golden Entertainment was taking control of this property. The company eventually announced a massive renovation for this venue.

Golden Entertainment renamed this property the STRAT. Half of the hotel’s rooms went over a major renovation. The 80,000 square-foot casino was also changed.

Many famous individuals attended the re-opening of this Las Vegas hotel & casino. This includes Sammy Hagar. Now, it appears that Hagar is preparing a brand new “party” residency in this venue and many are beginning to get excited.

Plans for Sammy Hagar’s LV Residency Are Revealed

Sammy Hagar is one of the most famous musicians in the world. He first launched onto the music scene through his band Montrose. In 1985, he truly became a superstar after replacing David Lee Roth as the lead singer of Van Halen.

Back in January, news began to surface that Hagar was planning a residency at the STRAT Hotel & Casino. According to the Las Vegas Review-Journal, Sammy Hagar’s LV residency is set to begin sometime this June.

“I want to create the ultimate environment where I can throw the ultimate party, like I have done in Cabo for 30 years for my birthday, but at another time of year here in Las Vegas, which is really the party capital of the world,” Hagar told the media. “I hate to put Cabo second to anything, but I feel in this case it’s gotta take second place to Las Vegas.”

Hagar is known for putting on raucous parties. He owns the Cabo Wabo Cantina venue on the Las Vegas Strip which regularly puts on exciting shows for guests. It sounds like he wants to bring something similar to his new residency at the STRAT.

This is just one of many famous Las Vegas residencies. Unfortunately, many now fear that the city’s tourism industry may begin taking a serious hit due to the coronavirus. Here’s what we know about the situation so far.

Coronavirus Fears Continue to Escalate in Las Vegas

For more than two months, a coronavirus that originated in Wuhan, China has been spreading around the world. This virus, called Covid-19, is proving extremely difficult to contain. It’s already infected more than 100,000 individuals around the world and killed thousands.

It’s begun to hit the United States. Washington, California and New York are all experiencing major outbreaks. Many feel that in time, every state in the country will become infected.

Cases of the coronavirus in Clark County, Nevada are beginning to emerge. For this reason, many Las Vegas casino companies are seeing their stock prices plummet. There are fears that no one will want to travel to Las Vegas due to the potential to be exposed to Covid-19.

As of now, things don’t appear to be too bad. There hasn’t been a major drop-off in hotel occupancy in the city. If more infections begin to pop up here, however, this is likely to change.

Hopefully, Sammy Hagar’s LV residency is a success. He may be able to help bring in more visitors to the STRAT Hotel & Casino. Stay tuned for updates over the next few months!

Hard Rock International Could Soon Break Into Las Vegas

Hard Rock International is one of the biggest and most successful hotel-casino companies in the country. Interestingly, it hasn’t ever managed to run a major venue in Las Vegas. This week, the Chairman of Hard Rock International told the media he’s interested in purchasing a LV Strip property.

Jim Allen Hard Rock CEO

Today, we’re going to look at the details of the recent Hard Rock Las Vegas property sale. We’ll also talk about how soon Hard Rock International could break into Sin City. Let’s get into it!

Hard Rock Las Vegas Property Sold to Virgin Hotels

Back in the early 90s, owners of the Hard Rock Cafe revealed that they were planning to construct a new hotel-casino in Las Vegas. In 1995, this venue officially opened its doors in Paradise, not far from the Las Vegas Strip. It proved to be a success, drawing in both tourists and locals to the casino floor.

Florida’s Seminole Tribe purchased Hard Rock International in 2007 for nearly $1 billion. This new deal excluded rights to operate the Las Vegas property.

In 2006, Morgans Hotel Group agreed to purchase this hotel-casino. As part of the deal, MHG agreed to keep using the Hard Rock name. Over the next five years, ownership of this venue switched several times.

Unfortunately, the casino’s revenue began falling. Since 2008, it struggled to bring in guests and casino players, leading many to call for its sale. In March of 2019, this sale was officially finalized.

Owners announced that they’d sold their Las Vegas property to Virgin Hotels. The Richard Branson-run Virgin Hotels is breaking into the Vegas market for the first time. The company has officially closed this hotel with an opening date scheduled for late 2020.

At first, it looked as if the Hard Rock brand was permanently leaving the Las Vegas market. This does not appear to be the case anymore.

Chairman of Hard Rock International Wants a Las Vegas Property

For fans of the Hard Rock brand, it was a shame to see the Las Vegas property go up for sale.

Jim Allen, chairman of Hard Rock International, recently told the media that he’s interested in opening a hotel-casino here. According to new reports, Allen has been planning a Las Vegas property purchase for months.

Allen claims that the Las Vegas Strip is “certainly” one of the possibilities for a new hotel-casino. He also told the media that Vegas would be “a great opportunity for our brand.”

As of now, it appears that Allen is interested in purchasing Planet Hollywood, or Bally’s. Both of these venues are located in prime locations on the Strip.

Brendan Bussman, a partner at Global Market Advisors, believes that purchasing a Strip property will not be easy.

“There will probably be multiple properties interested,” Bussmann said. “There’s only a few good parcels on the Strip you can do something with.”

The Timing for a Strip Purchase Might be Perfect

This might be the most ideal time for Hard Rock International to make the move into Las Vegas. Several major casino companies here are interested in selling their Strip properties. MGM Resorts, for example, just sold its Circus Circus and Bellagio properties last week!

Eldorado Resorts is another company that’s looking to sell a major hotel-casino. The company is set to acquire Caesars Entertainment soon and wants to get rid of a Strip venue to help make up for the $17.3 billion that it cost to purchase the company.

The purchase of a Las Vegas Strip property may also help Hard Rock’s chances of breaking into the Japanese market. Hard Rock International is making it clear that they’re interested in opening one of the three casino-resorts in Japan.

Las Vegas remains the gold standard for casino companies. Owning a property on the Strip here would be huge for the company’s portfolio. Lawmakers in Japan are currently deciding which US casino companies to grant a gambling license.

We may see Hard Rock return to Las Vegas very soon. Make sure to stay tuned for more news on the situation over the next few weeks!