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.
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.