Since our last Vegas News, I was finally able to spend substantial time at Fontainebleau. My thoughts on the property are mixed, but I had a great time. Even though it has been a rather slow start to the year, we’ll begin with some “chatter” about Fontainebleau and Super Bowl Info.
Here’s a preview of Fontainebleau. The casino floor looks great, and I can’t wait to check it out. Jonathan Halkyard, MGM Resorts CFO, recently spoke at the Leveraged Finance Conference. He mostly discussed how the Las Vegas Grand Prix weekend went from one of the slowest of the year to the “highest-grossing weekend in hotel revenue in the history of the company.”
MGM Resorts released earnings last week. I listen to the (casino earnings) calls because they usually offer some context to the financials in the reports.
I like to change the format of Vegas News every now and again. This week will be all Quick Hits-style with a bunch of embedded tweets with pictures for visual interest. Also, pay close attention to the Fontainebleau Room Preview, which is making this new casino resort seem “more real.”
Yep, another Las Vegas Grand Prix Update. There’s a large international following for F1, and the sport fascinates me. The intrigue is as much off the track as it is race related. The business angle is particularly interesting – especially as it relates to Las Vegas.
MGM was in the news for a few reasons last week. You already know about the MGM Rewards tier accelerator we slid into Vegas News before posting last week. This week? MGM New F1 Package.
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