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.
Caesars begins charging for Vegas parking, Oakland Raiders receive approval to move to Las Vegas, Skill Based Gaming at Planet Hollywood + Only In Vegas.
The Borgata is next in line to become a part of the MGM Resorts International family. They didn’t reveal specifics for streamlining expenses or maximizing revenue on the earnings call. However, Borgata will become a part of the Mlife Rewards family in the 2nd quarter of the year.
Casinos Shuffling The Deck. Changes at Lucky Dragon, Golden Gate, Monte Carlo and throughout the Vegas Strip. Plus, all the recent Vegas news.
Happy Vegas Super Bowl Sunday! If the new president really wants to make an impact on America, he’ll make Super Bowl Monday a holiday. Anyway, Las Vegas has been packed all weekend with football fans getting ready to watch and wager on The Big Game. The sports book this morning at Red Rock Casino was already buzzing.
Earnings calls are boring AF. Earnings calls for casino operators aren’t entirely boring, they’re just boring. No AF. I just need to vent before diving into the MGM Resorts 3rd Quarter Earnings call this week.
These calls are intended provide information for financial investors in corporations and not for the public. I’m closer to the latter. I’m not an investor and I write for normal people that may not understand or care about the financial jargon. For the most part, I listen to these calls to see if there’s any news that mainstream news outlets don’t report or care about.
Earlier this year we reported that the Monte Carlo would be renovated to become Park MGM with a boutique hotel named NoMad Las Vegas. The transformation into Park MGM is scheduled to be completed sometime in 2018.
Rumor has it that MGM Resorts International is considering imploding Excalibur. The idea is that the low-end family hotel would be replaced with another..
Park MGM will be the new name of the hotel currently known as Monte Carlo. NoMad Hotel will occupy 292 (approximately 10%) of the rooms at Park MGM.
Somehow MGM Resorts International pushed all other happenings in Las Vegas out of the picture and once again dominate the news cycle.