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.
Park MGM, Boyd Gaming Crushing, Free Show By The Killers + much much more. Count on TravelZork every week for all the Vegas News!
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.
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.
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.
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.
The Las Vegas Convention and Visitors Authority (LVCVA) released their annual Las Vegas Visitor Profile last week. This is a snapshot of the average visitor to Las Vegas + Renovations, Gambling and more.