This will be an abbreviated version of news this week for the holiday. Marc needs to party too! Let’s get to it. The big news this week is that SLS Las Vegas was sold by Stockbridge to the Meruelo Group. According to the Las Vegas Review-Journal, the deal should become official by the third quarter.
May has been a busy month for the corporate entity Caesars Entertainment. You can see all of the press releases here but I’ll try to share the interesting information in easily digestible bites. Let’s roll!
People Suck – The Problem with (Vegas) People. But people are also what make Vegas wonderful. To be successful in Vegas at ANY time of year, you need to learn to navigate people.
Drink monitoring systems may not affect you if you’re visiting a video poker bar in a casino specifically to play video poker. It’s a different story if you’re passively playing video poker expecting complimentary drinks. The systems aren’t ubiquitous…yet.
Folks, I’ll cut to the chase – while Summer doesn’t officially start until June 20 or 21, Vegas is already heating up literally and welcomes back my favorite time of year. People complain about the heat in Vegas (it’s a dry heat), the unbearable scorch hitting you from every direction, and the dehydration that can never be quenched. Whatever! Drink more and use the sunscreen!
One of the best weekend’s of the year in Las Vegas will be coming to an end by the time you read this. The first Saturday in May brings gorgeous weather, the Kentucky Derby, a big fight, Cinco de Mayo parties, MLB games, NBA & NHL playoffs and more.
Your theoretical loss to the casino (your casino theo or average daily theoretical – ADT) is the way the casino calculates what you are worth to them. It’s not a theoretical win because every game that the casino offers has a house advantage and the payoff for a bet is always less than the odds of winning that bet.
Booking a hotel room in Las Vegas isn’t as simple as it used to be. Actually, just visiting the Vegas Strip isn’t as simple as it used to be either. The addition of resorts fees to advertised hotel room prices in Las Vegas over the years mean that your hotel room price isn’t what you’re being told it will be. But wait, there’s more! There is another fee if you plan on using a car in Las Vegas. Many casino operators on the Vegas Strip are now charging an hourly and daily parking fee for self-parking and valet. These parking fees are applicable to anyone with a car visiting or staying at the property.
First quarter earnings were great for the largest Las Vegas casino operators. New Year’s Eve bled into the first quarter. The extra day of revenue was helpful for casino operators. The year always starts with a bang. The Consumer Electronics Show (CES) is the largest convention and expo of the year with well over 100,000 attendees.
I usually go into the weekend with one or two pages of notes with the Las Vegas news. There are three pages of fun today. There’s a lot of information this week, so buckle up! I’ll try to keep everything short, sweet and easy to read.