TravelZork Las Vegas News 16 September 2018 Vegas News | Much Ado About Caesars News
September 16, 2018 Marc

Vegas News | Much Ado About Caesars News

Caesars news dominates in and around Las Vegas this week. Last week they released an investors presentation and this week they held a meeting with investors at the 2018 Gaming & Lodging Conference.

TravelZork Las Vegas News 13 May 2018 Vegas News | MGM Resorts News and Three Renovations
May 13, 2018 Marc

Vegas News | MGM Resorts News and Three Renovations

We’re a week removed from the Kentucky Derby and Cinco De Mayo weekend in Las Vegas. I didn’t think I’d feel this way but Derby Day felt incomplete without a big fight. I haven’t been a boxing fan for a few years but the excitement a big fight brings to Las Vegas is unmatched. Boxing also brings in the biggest customers according to MGM Resorts.

Casino Earnings Reports Casino Financial
April 26, 2018 Marc

[Jimbo needs a hug] MGM Resorts Earnings and Park MGM Delays

There’s no way to sugar coat MGM Resorts first quarter earnings. I opened the quarterly MGM Resorts earnings presentation as soon as I woke up and saw a slew of red down arrows. After a cup of coffee and actually spending time reading the why there were red arrows it’s easy to see that MGM Resorts just had a bad quarter.

Casino Earnings Reports Casino Financial
October 24, 2017 Marc

Caesars Entertainment Investors Call And Presentation Notes

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.

Caesars Looks Outside Of Casinos For Revenue
July 15, 2017 Marc

Caesars Looks Outside Of Casinos For Revenue

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.

SLS Las Vegas
June 2, 2017 Marc

What Does The Meruelo Group Have Planned For SLS Las Vegas?

What is Planned for SLS Las Vegas? After just over three years of operations, SLS Las Vegas was sold last week. The casino resort that was built on the bones of the Sahara was sold by Stockbridge Real Estate to the Meruelo Group for an undisclosed amount.

Casino Earnings Reports Casino Financial
May 4, 2017 Marc

First Quarter Was Great For Las Vegas Casino Operators

First quarter earnings were great for the largest Las Vegas casino operators. New Year’s Eve bled into the first quarter. The extra day of revenue was helpful for casino operators. The year always starts with a bang. The Consumer Electronics Show (CES) is the largest convention and expo of the year with well over 100,000 attendees.