This is been a whirlwind Vegas News week. There was at least one different casino operator reporting quarterly earnings every day + MGM Getting Dynamic, Ruffin Might Buy Caesars and A Lot More…..
This is a different kind of earnings season for the casino corporations. It’s both boring and intriguing. (Hint: Caesars Drama) + All the Vegas News scoop!
It’s earnings season and we’re in the middle of a bunch of corporate news (MGM Earnings) from and about casinos in Las Vegas + Vegas News Scoop…….
It almost seems as if Las Vegas is reinventing itself seemingly more than ever. Since then the economy has improved and prices have been slowly creeping back to normal. Las Vegas is back on the upswing.
Vegas News | We just finished a rather insane news week in Las Vegas. The quarterly earnings calls always offer insight into how casino corporations operate.
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.
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.
Another Vegas Resort Fee Increase – Another Emergency Call From Wynn and all the Vegas scoop brought to you every week!
I think the cold temperatures slowed down the newsmakers in Las Vegas this week. That’s the only way I can explain the lack of actual news. In fact, after MGM Resorts International reported earnings it seems as though everyone in Las Vegas went out for ramen to warm up from the freezing cold temperatures.
I knew there was big news coming from Wynn Resorts today. On top of a massive revenue increase, Steve Wynn dropped a Las Vegas news bomb.