{"id":40117,"date":"2024-05-09T17:51:42","date_gmt":"2024-05-10T00:51:42","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=40117"},"modified":"2024-06-23T21:31:00","modified_gmt":"2024-06-24T04:31:00","slug":"el-cortez-to-undergo-20-million-augmentation-procedure","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/el-cortez-to-undergo-20-million-augmentation-procedure\/","title":{"rendered":"El Cortez to Undergo $20 Million Augmentation Procedure"},"content":{"rendered":"\n

One of the few remaining old-school Vegas casinos isn’t only not<\/em> ready to cash in its chips, it’s doubling down and getting rejuvenation surgery. Or something.<\/p>\n

Our beloved El Cortez has shared details of an upcoming $20 million upgrade. While $20 million may not sound like a lot in Strip dollars, it’s a metric ass-ton in downtown dollars.<\/p>\n

How much money does the El Cortez casino make? El Cortez in downtown Las Vegas reportedly generates less than $25 million a year in gaming revenue, and makes about $3 million in EBITDA (earnings before interest, taxes, depreciation and amortization). By comparison, Palms Las Vegas makes about $20 million in EBITDA. Sometimes, El Cortez operates in the red, so $20 million is a significant investment in improving the classic hotel-casino.<\/p>\n

Let’s see what’s in store for “ElCo.”<\/p>\n