Hyatt Corporation has just purchased the Dream Hotel Group. Does this acquisition give them some ammunition for MGM on the south end of the Strip?
The MGM Cosmopolitan Las Vegas acquisition was a game-changer for the company. Not only did MGM solidify its position on the west side of the Strip but it also picked up one of the hottest properties with a higher ADR (average daily rate for a room). Its sale of Mirage will help finance the purchase. In the realty world, it’s pretty straightforward. MGM is now the owner of Cosmo-Vegas operations.
On Tuesday, I went to a small media gathering at Tuscany for the opening of the new Circa Sports location. Afterward, I saw a couple of friends from Florida for the first time in years. I saw more people in three hours than the entire year to date, and that was just the beginning. Wow, Vegas is packed.
When I was thinking of a fun way to summarize the Vegas News this week a lyric from the band Thursday came to mind. “It starts and stops and starts and stops again” is basically how the casino industry has been operating for the past few weeks…actually years. Have a look.
Readers of this column know TheInveterateGambler has been bouncing around the casinos of Atlantic City for decades. It was with this in mind that recent news of another “ownership” change to the Revel/Ocean Resort Property spurred a fantasy of what he would do to “tweak” the Ocean Resort Casino Atlantic City.
Boyd Gaming has been doing great business in Las Vegas over the past couple of years. The locals casinos and downtown casinos have been attracting locals and tourists alike. Their earnings call and report for the second quarter was further proof of that.
While a complete overview of the Ocean Resort Casino loyalty program called Ocean PREMIERE will be forthcoming, we know there is a lot of curiosity and interest about Ocean Resort’s relationship with Hyatt and the World of Hyatt loyalty program.
I received a pre-approved offer for the Mlife Rewards MasterCard and pulled the trigger after ZorkFest. This is not an overly generous offer, but with no yearly fee and no foreign transaction fees this is an opportunity to build a relationship with Mlife and earn some perks before even stepping into a property.
Living the MGM Mlife – World of Hyatt Partnership | What it means for the frequent traveler is that you don’t necessarily need to gamble to get Mlife perks as high as Gold.
One of my favorite conversations is sweet spots in loyalty programs. Be it casino, hotel or airline programs it is always fun to imagine how one can reach top tier elite status with the least amount of spend. I was actually discussing CHEAP Hyatt Elite Status with my buddy John the other day, as it references to Hyatt Globalist status. Globalist (formerly Hyatt Diamond) is now the top published tier for Hyatt loyalty.
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