Lumiere Place

RobbyD · PostFeb 03, 2011#18762011-02-03T07:56+00:00

It could be lies and conspiracies, I suppose, but the P-D article mentioned that SLeeK was successful by any measure...

I really have to believe that if Downtown residency rates hit the projections, given the price points of most residences, something a bit more glam and high-end isn't a ridiculous idea to continue for Downtown St. Louis...

...This isn't Vegas!? Cartman (central), are you sure? Guess that's why I haven't found those Celine tix online. #$%#. But Lumiere Place is a great alternative for St. Louisans when a Vegas hankering hits on Tues night...Most of our families nad their friends are gonna hit the "boats" in the county anyway to answer the hillbilly question!

the central scrutinizer · PostFeb 03, 2011#18772011-02-03T18:18+00:00

jmmnq6 wrote:Looks like Stadium Sports Bar is opening in the Sleek spot. Standard sports bar with a ton of TVs. Opening in the Spring.

Non-smoking? I know casinos have an exemption, but I think that's only on the casino floor, right?

jmstokes · PostFeb 07, 2011#18782011-02-07T16:11+00:00

Correct, only on the casino floor. Restaurants are nonsmoking.

the central scrutinizer · PostFeb 07, 2011#18792011-02-07T22:03+00:00

jmstokes wrote:Correct, only on the casino floor. Restaurants are nonsmoking.

Cool. Then I shall try out the new sports bar when it opens! Hopefully they'll have several giant projection screens.

RobbyD · PostApr 18, 2011#18802011-04-18T15:52+00:00

From Stlmag.com...

If anyone (besides us) was wondering why it's taken so long to convert SleeK, Lumiere's former steakhouse, into the Stadium Sports Bar and Grill, we have the answer. Several of them.

Opening is guessed to be in another month...(FYI They will have a rueben that feeds four with leftovers)

http://www.stlmag.com/Blogs/Relish/Apri ... and-Grill/

PostMay 10, 2011#18812011-05-10T16:31+00:00

Pics of the new Stadium Sports B&G are up on Facebook...

If a sports bar could be called stunning, this place is it (at least from the pics)...I've already heard a couple of good reviews from friends on the food...Look for a Fox Sports broadcast booth in there as well...

moorlander · PostJun 17, 2013#18822013-06-17T14:42+00:00

I knew something had to give but I wasn't expecting this. I'm very interested to see how this plays out... Who would be possible suitors for the new property? Penn National Gaming already owns Argosy and Hollywood, Ameristar is being purchased and Harrahs just left the area. I don't know about MGM or Ceasers but I think Hard Rock would be a very good fit here.

Pinnacle to sell Lumiere Place, Four Seasons St. Louis

Pinnacle Entertainment Inc. officials plan to sell its Lumiere Place Casino, Hotel Lumiere and the Four Seasons Hotel in St. Louis and its hotel development project in Lake Charles, La., in order to appease the Federal Trade Commission so that it can complete its planned acquisition of Ameristar Casinos Inc.

http://www.bizjournals.com/stlouis/news ... 1371480065

wabash · PostJun 17, 2013#18832013-06-17T19:16+00:00

The best possibility would be if Wynn Resorts bought it, but I don't think they have any properties outside of Las Vegas and Macau.

arch city · PostJun 17, 2013#18842013-06-17T20:48+00:00

moorlander wrote:I knew something had to give but I wasn't expecting this. I'm very interested to see how this plays out... Who would be possible suitors for the new property? Penn National Gaming already owns Argosy and Hollywood, Ameristar is being purchased and Harrahs just left the area. I don't know about MGM or Ceasers but I think Hard Rock would be a very good fit here.

St. Louis-based (Creve Coeur) Isle of Capri, Inc. could buy it. Although they are based in St. Louis, IOC has no casinos in metro St. Louis.

However, would ISLE be as good to St. Louis City as Pinnacle has been?

stlien · PostJun 17, 2013#18852013-06-17T22:48+00:00

arch city wrote:However, would ISLE be as good to St. Louis City as Pinnacle has been?

Would they need to be?

Presbyterian · PostJul 09, 2013#18862013-07-09T01:07+00:00

Good news for Pinnacle from a seller's perspective. Travel + Leisure

[/i] just ranked the Four Seasons the Number 4 urban hotel in the United States.

http://www.bizjournals.com/stlouis/blog ... ravel.html

vpr611 · PostJul 09, 2013#18872013-07-09T14:03+00:00

Unofficially I have heard rumors from a few people in the hospitality industry that Four Season has wanted out of this deal for some time, despite being one of the best urban hotels their sales are no where near the level they would like to be.

And in all honest how often do you see a Four Seasons Hotel, next to an Econo Lodge, abandon buildings, and a sea of parking lots. I have a feeling that Pinnacle is keeping them there with some type of incentives. Hopefully once the sale of Lumière Place is finalized we don't see the Four Seasons brand disappear from St.Louis.

There is a lot of potential, if Pinnacle would have delivered Phase II like they had planned, however now we are getting another building torn down for even more parking. I would actually applaud Pinnacle, if they would have at least built a new garage with possible ground level build out. Personally I cannot wait for a new owner, hopefully a local one.

wabash · PostJul 09, 2013#18882013-07-09T14:14+00:00

What building is getting torn down for parking?

Alex Ihnen · PostJul 09, 2013#18892013-07-09T14:25+00:00

^ Sligo Steel, just north of existing lots. Also, the Ritz-Carlton, also underperforming, sits next to vacant lots in Clayton that are very poorly maintained.

robertn42 · PostJul 09, 2013#18902013-07-09T14:27+00:00

Even though they are local, ISLE, would probably not be a good fit for Lumiere. Their casino operations are small, typically rundown, and not in major metropolitan areas. I don't believe they could handle an operation of this size and stature. Should ISLE purchase Lumiere I would expect a contraction not expansion of operations.

vpr611 · PostJul 09, 2013#18912013-07-09T14:36+00:00

Here is a flashback, might Steve Wynn consider buying Lumiere Place from Pinnacle?

http://www.reviewjournal.com/columns-bl ... g-st-louis

Apr 19, 2010

Wynn and an entourage toured the downtown Lumiere Place and the recently opened River City in suburban St. Louis. The tour also included lunch at Hubert Keller’s Burger Bar at Lumiere (Keller also operates the Burger Bar at Mandalay Place on the Strip).

A reader from St. Louis emailed me over the weekend to say he asked employees at Lumiere about the blog item. The workers confirmed the visit.

So was Wynn, fresh off his abandonment of a planned $600 million casino project in Philadelphia, now shopping in other regional casino markets?

Last week, Las Vegas-based Pinnacle Entertainment said it was scrapping a second casino project in Lake Charles, La., to concentrate on its core properties.

In March, Pinnacle said it would close an aging third casino in St. Louis by this summer and would return that property’s gaming license to Missouri gaming regulators.

Some speculate Wynn might be angling for that gaming license.

moorlander · PostJul 09, 2013#18922013-07-09T15:36+00:00

Steve Wynn is real close with former Pinnacle CEO Dan Lee.

Dan Lee was very hands on with the build out of LP. I could see his new venture purchasing it.

Alex Ihnen · PostJul 09, 2013#18932013-07-09T16:03+00:00

There are a number of rumors I've heard about Wynn's visit. They pertain to his thoughts on the highway immediately next to the casino and how it sits as an island, separate from the city.

vpr611 · PostJul 09, 2013#18942013-07-09T17:29+00:00

Very interesting, that could be very cool if he were to get involved and work for the removal of the elevated portion of the highway.

In a perfect world I would love to see Wynn but Lumiere, build up the surrounding area, remove the highway, and have the Rams move just a little northeast onto the Riverfront in an open air stadium with a Bottle District type of development bridging the gap between the stadium and the Landing. One can dream.....

tbspqr · PostAug 17, 2013#18952013-08-17T02:42+00:00

http://www.stltoday.com/business/local/ ... 73c45.html

Lumiere casino sold to Tropicana for $260M
By Tim Bryant

Pinnacle Entertainment said Friday it will sell its Lumière Place casino and hotel complex on the St. Louis riverfront to Tropicana Entertainment for $260 million.

moorlander · PostAug 17, 2013#18962013-08-17T03:06+00:00

that's not good

beer city · PostAug 17, 2013#18972013-08-17T05:39+00:00

tbspqr wrote:http://www.stltoday.com/business/local/ ... 73c45.html

Lumiere casino sold to Tropicana for $260M
By Tim Bryant

Pinnacle Entertainment said Friday it will sell its Lumière Place casino and hotel complex on the St. Louis riverfront to Tropicana Entertainment for $260 million.

From the Article -

Icahn Enterprises, headed by investor Carl Icahn, owns 68 percent of Tropicana. Icahn bought most of the Tropicana properties out of bankruptcy in 2010 for $200 million

Spidey senses are tingling, thinking about Trans World, and Ralcorp - this dude has not been kind to this city.

roger wyoming II · PostAug 17, 2013#18982013-08-17T14:13+00:00

Just my 2c, but I imagine that it doesn't quite matter as much who owns a casino as much as say an airline or manufacturer. Icahn can screw Saint Louis pretty good with running the latter into the ground but not so much a casino.

dredger · PostAug 18, 2013#18992013-08-18T05:16+00:00

^ Tropicana like any other company can be burden with debt so I wouldn't agree wholeheartedly with your comments Roger. Tropicana takes on debt to buy the Lumiere Casino and Hotels, hotels are sold off at nice sum, and Ichan demands and gets a dividend pay out for the hotel sale. Yes, Tropicana as a company has another casino but also a debt burden that has to be serviced versus re investment back into the property. My opinion of casino is they have to reinvent themselves like any other entertainment driven business. Hopefully, I will be mistaken for what I perceive will happen and what will happen after the sale

Ichan might have a made a fortune, might have even made companies more profitable but honestly don't see him as soon some one who makes things bigger, better and stronger in my limited knowledge of his extensive investments.

wabash · PostAug 18, 2013#19002013-08-18T14:34+00:00

I find this line from the STLToday article troubling:

"According to Tropicana’s annual report, the company focuses on low-tax jurisdictions and slot machine play."

Table games make for a more lively, engaging casino environment. They also provide more jobs because they require dealers and attendants. Relying more heavily on slots makes for a lower cost, lower employment, and more mundane and depressing casino. Under Pinnacle ownership Lumiere has recently been converting floor space from slots to table games. I wonder if that will be reversed under Tropicana.

Lumiere Place

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