Margaritaville Las Vegas to close April 15th 2024

Update from Las Vegas Review Journal: Margaritaville closing after more than 20 years on Las Vegas Strip

Come mid-April, there won’t be any more wasting away in Margaritaville, at least not on the Strip.

For more than 20 years, the restaurant has occupied a street-front space (about 30,000 square feet today) at the Flamingo. But the restaurant is closing after service on April 15, an employee who was not authorized to speak publicly confirmed for the Las Vegas Review-Journal. The restaurant’s reservations system is no longer taking bookings after April 15.

The closing was first hinted at by Las Vegas Locally in a March 14 post on X that suggested fans “visit before the end of May.”

Margaritaville, after the iconic song from singer Jimmy Buffet (who died in September), belongs to a hospitality group that now encompasses not just restaurant, but hotels, resorts, cruises, residences, and an official store selling branded pickleball paddles.

The shuttering of Margaritaville continues the food and drink changes occurring at the Flamingo, part of the Caesars Entertainment Inc. portfolio.

In August, the RJ broke the news that Lisa Vanderpump, the restaurateur and reality TV star, would be opening a spot at the Flamingo. In November, the RJ reported that chef Gordon Ramsay would be opening a place at the property. Both restaurants were referred to by code names.

Caesars later announced that Pinky’s by Vanderpump and Gordon Ramsay Burger were set to open in summer 2024. Representatives for Caesars did not return a request for comment on the closing of Margaritaville.

From Jimmy Buffett’s Margaritaville to Close at Flamingo

A longtime fixture at Flamingo Las Vegas, Margaritaville restaurant, is set to close this summer.

Margaritaville opened at Flamingo in 2003.

For two decades, Margaritaville has been a triumph of vibe and Jimmy Buffett’s brand over, you know, quality and value. Over time, Margaritaville has wasted away, and now Las Vegas will do what it does best, make something new.

Jimmy Buffett, a national treasure, passed away on September 1, 2023 at age 76, reportedly never having found his lost shaker of salt.

The impending closure of Margaritaville is unrelated to the death of Jimmy Buffett, however. It’s a lease thing.

The closure of Margaritaville follows the recent trend (at least at Caesars Entertainment) of casinos bringing restaurants in-house, rather than leasing space to third parties.

That’s why Caesars has so many deals with celebrity chefs. The venues are operated by Caesars Entertainment’s Food & Beverage team, and the chef gets a few percentage points (typically 5% of gross) to help with marketing, but otherwise Caesars keeps the lion’s share of the revenue.

In any other town, Margaritaville would be considered hugely successful, but for comparison purposes, Hell’s Kitchen (just across the street from Flamingo) makes about eight times the revenue as Margaritaville. Time to go.

Margaritaville’s footprint is a massive 32,000 square feet.

We warned you Margaritaville could close. Our sources are always right, eventually.

A lot changed at Margaritaville over the years. There used to be a whole thing where a woman in a bikini went down a waterslide into a giant blender and she was reeled out with a fishing hook.

Also closed a few years back was the 5 O’Clock Somewhere Bar, which later became Bird Bar. Bird Bar has closed to make way for a new Gordon Ramsay Burger.

One of our fondest Margaritaville memories (beyond wearing a balloon hat) was when the restaurant broke the world record for the World’s Largest Margarita. (We worked in social marketing at Caesars Entertainment at the time.)

The Lucky Rita was made with 2,125 gallons of tequila, 708 gallons of triple sec, 5,667 gallons of Margaritaville Margarita Mix and 22,304 limes.