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.
Luxury is defined as “the state of great comfort and extravagant living.” By definition, everything in Las Vegas could be considered luxurious. When I think of Las Vegas Hotel Luxury, I’m thinking the best of the best. Las Vegas does luxury the way few other cities in the world do. Great service and amenities are almost second nature and provided seemingly without effort.