India’s biggest lodging company, Oyo Hotels and Homes, has purchased the Hooters Hotel and Casino for $135 million. Highgate, a New York-based hotel and investment management company, is partnering with Oyo in what will be called Oyo Hotel and Casino when the deal closes, possibly within the next month. Founded in 2013, Oyo claims to be “the world’s third-largest chain of hotels, homes, managed living and workspaces,” with more than 23,000 hotels and 125,000 vacation homes globally. Given Hooters’ distinct marketing focus, the rebranding figures to be extensive.
$1.99er down: It wasn’t that long ago that Las Vegas was famous for 99-cent breakfasts. Now there are no more under $2. The last of the $1.99ers bit the dust when Henderson’s Club Fortune raised its price to $2.99. Even with the increase, it’s still the lowest price in town for a full breakfast of eggs, bacon, hash browns and toast, but it’s not alone. A second $2.99 breakfast is served at the Silver Nugget in North Las Vegas.
Go-karts at Neonopolis: Veteran race-car driver Gene Woods, who runs an outdoor go-kart experience near the Strip, has opened another Gene Woods Racing Experience, this one located at Neonopolis downtown. It’s the latest addition to the Neonopolis complex, joining Cat’s Meow karaoke bar and House of Selfies.
Question: Last year Steve Wynn was listed as the highest compensated executive in Las Vegas. Now that he’s out of the picture, who’s on top?
Answer: Sands Corp.’s Sheldon Adelson led the list of highest-paid casino executives in 2018, with $24 million in total compensation. He was followed by Wynn Las Vegas’ Matt Maddox ($17 million), Caesars Entertainment’s Mark Frissora ($13.2 million), MGM Resorts International’s Jim Murren ($12.8 million), and Boyd Gaming Corp.’s Keith Smith ($7.8 million). It’s the same five at the top of the list as last year, with the exception of Maddox in place of Wynn.
For more information about current Las Vegas shows, buffets, coupons and good deals, go to LasVegasAdvisor.com.