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The Luxor has pretty much struggled for most of its life. It was built hurridly without much effort/thought, underwent a multi million $$$ refurb shortly after opening, and has still continued to struggle.
I think the book Super Casino touches on this subject.
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Super Casino has alot of material on the rise and early renovation of the Luxor.
It does point out that the Luxor was always profitable ($90M its first year, $86M the next) but that it underperformed and bosses believed repeat business would fall a lot once novelty wore off.