Las Vegas is essentially shutdown to slow the spread of coronavirus. You know that by now so I won’t rehash what’s going on. We have a few updates on the business side of things as well as information about how the different players clubs will be affected by the shutdown.
Eldorado Purchased Caesars
Coronavirus is now a national emergency. As you’d imagine, the travel and live entertainment industries are getting crushed since people are trying to stay away from each other. Las Vegas is a vacation and entertainment town and there’s a lot happening…and not happening.
The Vegas News this week will start with a little storytime that starts in college and continues today in casinos. (Don’t worry, we will get to New Caesars soon enough….)
Quarterly casino earnings calls and reports often have information that we can use to look at the current and future state of the companies. The calls, specifically, don’t have major breaking news. This week Red Rock Resorts (AKA Station Casinos) dropped a news bomb that was news but not all that surprising. Let’s just get to it because this is probably the biggest story to hit Las Vegas during the week. Plus, we will be talking (again) about Vegas fees.
Sometimes there’s big news in Las Vegas. Then again, sometimes there’s little news in Las Vegas There’s a lot of interesting Vegas News…………….
What a week! Eldorado finally purchased Caesars Entertainment and SLS Las Vegas will once again become the Sahara. There are a lot of moving parts with the Caesars deal but I’ll try to keep it to Las Vegas and loyalty.