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.
There’s not much better than a week in Las Vegas without work. My summer Vegas vacation was really without a major flaw. Even gambling on the Vegas Strip wasn’t as awful as it’s been in the past. I’ll share some observations about Las Vegas over the next few weeks but today is for the Vegas News.
Vegas News | Hold On To Your Hat, There’s A Lot Of News This Week! Vegas news has been fairly sparse in the past few weeks. Well, that changes right now…
The news in Las Vegas never ends. This week Caesars waited until Friday night at 11pm to release news that
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.
More Casino Renovations, Name a Soccer Team and More. Be sure to visit TravelZork every week for the latest travel and Vegas News!
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.
Bally’s and Harrah’s Room Renovations, Mayweather Viewing and More. Count on TravelZork every week for all the Vegas News!
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.
It feels as if Las Vegas has been on a tear with news and rumors lately. I enjoyed finding time just sorting through the headlines. Well, June starts off on the other foot. There’s not much new or interesting to report. Expect this to be a quick look at what’s new in Las Vegas this week.