Showing posts with label Alex. Show all posts
Showing posts with label Alex. Show all posts

Thursday, February 3, 2011

Money Can't Buy You Class... But It Will Buy You Ass

Remember the discussion that ensued when Wynn Las Vegas suddenly and shockingly decided to close Alex last month?

Well, this just confirms what we were saying all along.

Beverage revenue rose 7 percent during the last fiscal period, to $909.6 million, for the 39 Strip casinos generating annual revenue of at least $1 million. Strip beverage revenue rose 2 percent in fiscal 2009. The Strip accounted for 66 percent of beverage revenue from the state’s highest-grossing casinos.

The booming nightclub industry in Las Vegas, including the emergence of a 24-hour, pool-centered party scene and a slew of elaborate new clubs and drink menus, is partly responsible for the increase, analysts say.

New clubs and lounges at CityCenter, Encore and Hard Rock Hotel, which opened a rooftop bar and pool as part of its expansion last year, are among the new venues noted in the report.

Today’s opulent nightclubs offer a potentially more expensive experience than the more mundane drinking holes of years past, said Brian Gordon, a principal with Las Vegas consulting firm Applied Analysis.

During conference calls with Wall Street analysts last year, Wynn Resorts CEO Steve Wynn highlighted the runaway success of Surrender nightclub and the attached Beach Club at Encore, which opened May 25.

The performance of its nightclub venues in Las Vegas stands in “sharp contrast to the softness in the market,” while generating high profit margins, Wynn told investors. The company reported a 16 percent increase in food and beverage revenue in the third quarter, in large part because of the new venues, surpassing revenue generated in other departments, with the exception of gambling.

It's all about the money, honey. And right now, the money is being made in the day/nightlife industry. That's why MGM, Caesars, Wynn, and LVS are all falling over each other to open more clubs and revolve more and more of the other amenities in their casinos around their nightclubs.



When just looking at the bottom line, why should Steve Wynn care about maintain extraordinary culinary standards at his hotels' restaurants when the money is being made at Surrender, XS, Encore Beach Club, Tryst, and Blush, and Wynn executives suspect most within the target demographic group for their clubs don't really care for the "fru-fru eating" offered at restaurants like Alex? Never mind that Wynncore now risks losing its entire foodie reputation. It's all about the dollar signs, baby.

So are we supposed to expect more of this in the future? Or is this just another fad that will change and/or die? And does Las Vegas' reputation as a great foodie destination hang in the balance?

Saturday, January 15, 2011

Final Thoughts on Alex

In the coming days, I'll finally be sharing with you some good eats I've enjoyed this past week. But before I go there, I want to share some final thoughts on this weekend's saddest event. Eric Gladstone nailed it IMHO in Las Vegas Weekly.

[...T]his isn’t just another closing, because even on a street loaded with star chef dining, Alex wasn’t just another restaurant. It began life as the crown jewel of the dining-focused Wynn resort. It’s arguably the most lavishly romantic and elegantly served restaurant on the Strip. It’s also helmed by Alex Stratta, a James Beard-award-winning chef who trained with Alain Ducasse and Daniel Boulud and legitimized Bellagio’s ambitious fine-dining program before moving with Steve Wynn to his new namesake. It represented, almost uniquely, not just an established star bringing his talent to town, but also one making his reputation exclusively in Las Vegas, with plenty of awards and accolades to show for it.

So what happened? “High-end French dining is not what people want these days,” was virtually the only explanation from Wynn Resorts PR. Considering that Wynn has long been considered a visionary when it comes to dining in Las Vegas (now a major business component, thanks to him), that’s a statement to be taken with some seriousness. But inside sources indicate the closing of Alex doesn’t signify a change in diners’ desires so much as a change in the willingness of a resort to subsidize a business that had not been highly profitable for some time—if ever. At least part of that failure must be blamed on marketing. Alex undoubtedly suffered from a perception—even within the Wynn organization—as “high-end French dining,” which it wasn’t, entirely. The restaurant was also tucked away in the property, without much promotional signage. [...]

Of course, every Vegas resort makes decisions about how to reinvest in itself. Wynn recently placed big bets on Encore Beach Club and Surrender; signed Garth Brooks and Twyla Tharp’s Sinatra: Dance With Me; initiated a major room remodeling; and opened La Cave wine bar and Lakeside Grill. Meanwhile, Chef Richard Chen, who made Wing Lei one of the country’s only Michelin-starred Chinese restaurants, quietly departed, and former XS nightclub co-owner Victor Drai was rather loudly bought/ushered out. Now comes news that talented master baker Frederic Robert has left, too. A well-sourced rumor claims the next restaurant there will be—wait for it—a gourmet burger concept.

Taken as a whole, these moves send a clear message: The patron who would best appreciate Alex is no longer the target of Wynn/Encore.

So what does this mean? Let me explain.

Early on, Steve Wynn wanted to outdo his own amazing work at Bellagio (including luring living legends like the Maccionis and up-and-coming culinary superstars like Julian Serrano to his new casino) by upping the luxury ante at Wynn Las Vegas to something we had never seen before. And yes, he was originally targeting a “more mature” clientele with top-notch restaurants like Alex, Daniel Boulud, and Wing Lei. But as The Great Recession raged on in 2009, room prices hit rock bottom, and Wynn had to offer deep discounts to keep occupancy high at Wynn LV & newly opened Encore, Mr. Steverino looked at what was happening elsewhere along The Strip and realized what he had to do to return his Las Vegas casinos to profitability.

(Hint: It wasn't about the food at the restaurant any more, but the party at the club later in the night.)

Without a doubt, Wynncore is still catering to high-end tourists. Look at their current room rates, store lineups, and restaurant prices for that matter. But instead of appealing to mature gourmands, Wynncore thinks its bread is better buttered by the "MTV celebutante wannabe" crowd hoping they can catch a glimpse of the newest, “hottest” reality stars shaking their groove thangs at Tryst/XS/Surrender. Basically, I think Wynncore is becoming a Strip five-star version of Hard Rock/Palms, if that makes any sense.

Frankly, it's a disturbing trend that frightens me. And we're not just seeing it at Wynncore, although it seems they're now leading the way in homogenizing and "casualizing" all their good eats. John Curtas offered a good quote in his last piece on Alex.

The rush to less formality, smaller plates and more options may, in the long run (and despite the hype of a brave new world of restaurant dining), signal nothing more than a retreat (and an excuse to retreat) from quality.

So am I anti-"tapas"? Hell to the no! Sometimes, I'm just in the mood for small plates. The tapas/small plates concept itself is not a bad thing.

Am I anti-"luxury fast food"? Honestly, this is something I'm still wrestling with. When well done, a "gourmet burger joint" or "pizza palace" can be quite delicious. But sometimes, I just have "slider" overload and I can't handle any more variations of the basic Italian American pizza "flatbread".

What I am genuinely concerned about, however, is when good restaurants are being sacrificed for the sake of "trendy" food fads. Contrary to what some may think, I believe there will always be room for good fine dining. And though some may forget this, one of Las Vegas' top attractions remains our array of top-notch gastronomic palaces. Maybe closing Alex will save Wynn Las Vegas money in the short term, but in the long term this may do Wynncore some real damage. They're only ripping apart their own culinary reputation in letting their fine dining lineup fall apart, and hopefully more Vegas casinos don't follow suit

Friday, January 7, 2011

Alex Closes... And the Whole (Vegas Foodie) World Mourns

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I'm still in shock. I guess that's why it's taken me this long to write this. Alex is going bye-bye!

I know, I know... It's a tragedy.

And even worse, the vast majority of us will probably never be able to see that space again. It's becoming a private party venue.

Yet again, a victim of "The Great Bummer" that's been The Great Recession?

Alex Stratta’s beacon of French cuisine at Wynn Las Vegas is closing. The nearly six-year-old Alex restaurant will close its doors after service on Saturday, January 15, giving diners just seven days (Alex is open Wednesday-Saturday) to stop by and pay homage to the Michelin two-star restaurant.

The beautiful space will remain intact for special events.

“I’m really bummed out,” chef Stratta said Thursday afternoon. “It was a good run. I guess it was just time.”

The lavish restaurant has been one of the jewels of the Wynn’s dining program, winning Forbes (formerly Mobil) Travel Five Star Awards and AAA Five Diamond Awards for the last five years straight, along with the highly coveted Michelin two-star rating in 2008 and 2009.

A Wynn representative pointed to the strains of the economy as the reason for the restaurant’s closing, adding that “high-end French dining is not what people want these days.” Stratta will stay on with the resort to continue running his more casual, Italian-influenced restaurant, Stratta, and perhaps to work on yet-to-be-determined projects.

So what does this mean? Without a doubt, Vegas loses one of its brightest culinary stars. And not only that, but Alex Stratta made his name here! He became a star here. And now, his flagship restaurant dies here.

And why? So that Wynn can have a "private party venue" for D List "celebutards" to get wasted before getting even more wasted at Surrender?

John Curtas is definitely onto something when he talks about the "slow, steady dismantling of whatever gourmet food/restaurant reputation [Wynn/Encore] sought to create". With Daniel Boulud leaving last year and Alex leaving this year, Wynn has lost two of its three (well-deserved IMHO) Michelin starred restaurants. And more importantly, Wynn has lost two solid houses of superb French cooking.

These last three years haven't been easy on Vegas, and so far 2011 looks to be another year of dramatic highs and lows. Just as foodies celebrate the exciting new restaurants at Cosmopolitan, we're left wondering (again) WTF is happening to Wynncore.

Sunday, December 12, 2010

How 'Bout This for a "Money Saving Meal"?!

H/T Eating Las Vegas for this!



Come on, look at that! That's what we call "real cooking".

I know I'd rather spend/save my money on that than this...





Why the hell does Food Network (FN) have not one, but TWO shows featuring this crazy lady? In my fantasy world, FN's lineup would consist of real chefs cooking us real food. When did we stop caring about real, good food?