The news in Las Vegas never ends. This week Caesars waited until Friday night at 11pm to release news that
Caesars just had their first investors call since emerging from bankruptcy and I have a lot spinning in my head. Corporate earnings calls usually focus on revenue. This call was used more to discuss the future plans for Caesars Entertainment.
To be clear, eSports isn’t new to Las Vegas.There has been a lot of buzz around the eSports for the past couple of years. The buzz comes with good reason. Marketing firm NewZoo projects that eSports revenue will reach $696 million by the end of 2017.
More Casino Renovations, Name a Soccer Team and More. Be sure to visit TravelZork every week for the latest travel and Vegas News!
For the past year, Caesars has been devoted to renovating their hotel rooms around the country. The reason for the upgrades is $imple. The new room products result in higher room rates. The interesting thing is that renovated Las Vegas hotel rooms are sort of a win-win for customers and the hotel operator.
Bally’s and Harrah’s Room Renovations, Mayweather Viewing and More. Count on TravelZork every week for all the Vegas News!
Most casino operators in Las Vegas prefer to have a revenue split close to MGM than Caesars. In fact, Caesars wants to have a revenue split closer to MGM Resorts. The two casino operators have different approaches to their companies. MGM Resorts is expanding with new casinos and a massive profit growth plan. Meanwhile, Caesars Entertainment is looking elsewhere to generate revenue.
Las Vegas never takes a break. There is so much news this week that the quick hits will be overflowing. Downtown Grand Planning A New Hotel Tower. There’s A Crane At Resorts World…….
One of the best weekend’s of the year in Las Vegas will be coming to an end by the time you read this. The first Saturday in May brings gorgeous weather, the Kentucky Derby, a big fight, Cinco de Mayo parties, MLB games, NBA & NHL playoffs and more.
Las Vegas has evolved in ways that you would have never expected 10 years ago. Restaurants and dining are now generating almost the same amount of revenue for casino operators as gaming. Today, the action in Las Vegas takes place in more locations than just casinos.
Advertisement - Privacy and Cookie Policy Disclosure