We set up the latest big Vegas News story a week ago with our first Monday Vegas News. MGM Resorts is now operating The Cosmopolitan. Ta-Da!
We just finished a relatively slow news week in Las Vegas, except for news about WSOP moving to the Vegas Strip. News tends to slow down in Las Vegas after the final earnings reports heading into the holidays. Day-to-day marketing mostly evolves around holiday events and sales. Side note – check your favorite property for current deals. There are plenty available.
This week Caesars Entertainment, MGM Resorts, and Wynn Resorts reported earnings. This provides a lot of insight into Vegas Casino Earnings for 2021. Much like Station Casinos and Boyd Gaming earnings last week, there was a similar theme with the earnings calls. Casino corporations have learned how to effectively operate with a smaller staff and fewer amenities for guests.
I’m fresh off my first Vegas Vacation since 2019 and feel amazingly refreshed. This was four whole days eating, drinking, and gambling and not working in casinos. This is slightly different from my typical casino visits, which are usually for some kind of work. The Great Vegas Comeback has arrived!
Earlier this week, I went through the Momentum Rewards benefits for the Mohegan Sun Casino at Virgin Hotels Las Vegas. They appear to be different than other markets, so I did a deep dive. Another point of interest is the overall situation regarding Vegas Virgin Fees.
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.
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.
Let’s take a look at resort and parking fees for hotels away from the Vegas Strip. Since there are so many hotel-casinos around Las Vegas I’ll break them into sections for easier reading.
Vegas Fees Gone Wild | It seems that we are living in an age of travel “fees gone wild.” Is ancillary revenue becoming the cornerstone of financial success for hotel operations in Las Vegas?
When I first started visiting Las Vegas I couldn’t afford much beyond a hotel room and low limits gambling. I was 21’ish and didn’t have much money to my name…. Being nickeled and dimed by Las Vegas hotels every few months is obnoxious.
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