This week in Las Vegas was dominated by one story. No, it wasn’t MGM Resorts announcing new sustainable sourcing goals for eggs and chickens. Just prior to reporting earnings, MGM Resorts sent out a press release that Jim Murren, Chairman and Chief Executive Officer, informed the Company’s Board of Directors that he will step down from his positions before his contract expires.
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.
Let’s call this week the calm before the storm. It was a relatively quiet week in Las Vegas aside from the Palms Casino Resort drama (details on that shortly). The Global Gaming Expo (G2E) is in just over a week. Casino operators and gaming manufacturers will have lots of news for us around the gaming conference.