Looking back I think it’s safe to say that 2017 was an interesting year Las Vegas. There was plenty of news and I’m happy to say that we’ve never missed a week sharing the good, the bad, and the ugly of what’s happening in Las Vegas.
It’s been over a year since the announcement but you can finally start to see the vision MGM Resorts International has for the conversion of Monte Carlo to Park MGM. This is really just the beginning of the future.
My feelings on the casino drink monitoring systems at the Cosmopolitan, Caesars Entertainment, and MGM Resorts International casino bars are mixed. I generally don’t mind the systems, especially at the Cosmopolitan, but I’m not entirely happy they have to exist.
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To be clear, eSports isn’t new to Las Vegas.There has been a lot of buzz around the eSports for the past couple of years. The buzz comes with good reason. Marketing firm NewZoo projects that eSports revenue will reach $696 million by the end of 2017.
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Construction work at Monte Carlo is more of a burden on the company than they expected. The place was a wreck when I visited a few weeks ago. There are curtains and construction work being done everywhere. Monte Carlo is dragging down overall performance of the company. That said, it’s onward and upward.
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.
There was so much news in Las Vegas last week that I really don’t know where to start. There weren’t any bombshells but there was a lot of interesting tidbits. I’ll try to keep the analysis somewhat brief so I can get to most of the news.