Hotel Deals Las Vegas Nevada


Posted by Admin

Hotel Deals Las Vegas Nevada

Hotel Deals Las Vegas Nevada

Warren “Doc” Bayley was part of the last generation of casino owners who operated without funding from banks or Wall Street. Bayley was a California hotel operator with a taste for big risks, and in 1955, he found one large enough to suit him.

Doc Bayley Opens The Hacienda

The National Corporation was building a hotel on the Las Vegas Strip called Lady Luck, but had lost confidence in the project. There was talk that Vegas had too many hotel rooms, and new casinos were doomed to failure. Bayley offered to buy into the project as a partner. He would operate the hotel, National would run the casino. National agreed to the deal but then went under. Bayley pressed ahead, opening the hotel without a casino in June of 1956.

Bayley’s new hotel, renamed the Hacienda, was immediately in danger of bankruptcy. It was kept afloat by other hotels, which sent their overflow guests to the Hacienda since it didn’t have a competing casino. Bayley was at his creative best, paying bills with casino chips when he was out of cash.