Caesars news dominates in and around Las Vegas this week. Last week they released an investors presentation and this week they held a meeting with investors at the 2018 Gaming & Lodging Conference.
Caesars begins charging for Vegas parking, Oakland Raiders receive approval to move to Las Vegas, Skill Based Gaming at Planet Hollywood + Only In Vegas.
You might have heard that there was a presidential election this week. There will be a new President next year and some people are happy while others are sad. I’m less concerned with the politics than the gambling. Go figure. This was a record-breaking year for a US presidential election around the world – but not in the country where the election was actually held. Sports books outside of the US saw record amounts of money wagered on who would become the next President. Some gamblers won bigly as Donald Trump was a long shot for much of the time.
There was a lot of hotel news last week but not all of it is relevant to your visits to Las Vegas. With that in mind, let’s start with the hotel news that actually matters in the near future. When the Blackstone Group purchased the Cosmopolitan in 2014, they detailed very specific plans to turn around the casino which didn’t have a profitable quarter since opening.