Hopefully, you had a great Thanksgiving with friends and family. It’s now time to look ahead to the holiday season in Las Vegas. Thanksgiving week is usually a slow time for news in Las Vegas as many companies aren’t working on Thursday or Friday. Since Wednesday is a partial day for some, there are really only a couple of days for casinos to get the news out.
It’s always fun to write about some of the “soft changes” going on in Las Vegas. Sometimes it’s “Sin City,” and other times, it’s a place to play Skee-Ball or stuff yourself with bad shrimp. But there’s always time for a Caesars Entertainment update, since they are always adding something new. Here’s what I’ve got.
The MGM Cosmopolitan Las Vegas acquisition was a game-changer for the company. Not only did MGM solidify its position on the west side of the Strip but it also picked up one of the hottest properties with a higher ADR (average daily rate for a room). Its sale of Mirage will help finance the purchase. In the realty world, it’s pretty straightforward. MGM is now the owner of Cosmo-Vegas operations.