When I was thinking of a fun way to summarize the Vegas News this week a lyric from the band Thursday came to mind. “It starts and stops and starts and stops again” is basically how the casino industry has been operating for the past few weeks…actually years. Have a look.
This week was another look into the future of Las Vegas. Two off-strip casinos that I used to love visiting as a tourist but not as much as a local are turning over a new leaf.
It almost seems as if Las Vegas is reinventing itself seemingly more than ever. Since then the economy has improved and prices have been slowly creeping back to normal. Las Vegas is back on the upswing.
The news is often lost in a headline or a tweet. This week we saw an example of that with the Cosmopolitan.
Much of the news in Las Vegas for this week comes from the Global Gaming Expo (G2E). The casino business doesn’t entirely stop but it comes close.
Let’s get to the Vegas News right away since my intro bleeds into the first story. Palace-Station Renovations And Sportsbook
By the time you read this, I’ll be enjoying my summer vacation on the Vegas Strip. I’ll be staying in a casino and will be as immersed in Vegas for a week. It’s always fun to be a tourist in Las Vegas instead of someone on a mission to do X, Y, Z before going home.
We’re a week removed from the Kentucky Derby and Cinco De Mayo weekend in Las Vegas. I didn’t think I’d feel this way but Derby Day felt incomplete without a big fight. I haven’t been a boxing fan for a few years but the excitement a big fight brings to Las Vegas is unmatched. Boxing also brings in the biggest customers according to MGM Resorts.
There’s no way to sugar coat MGM Resorts first quarter earnings. I opened the quarterly MGM Resorts earnings presentation as soon as I woke up and saw a slew of red down arrows. After a cup of coffee and actually spending time reading the why there were red arrows it’s easy to see that MGM Resorts just had a bad quarter.
I think the cold temperatures slowed down the newsmakers in Las Vegas this week. That’s the only way I can explain the lack of actual news. In fact, after MGM Resorts International reported earnings it seems as though everyone in Las Vegas went out for ramen to warm up from the freezing cold temperatures.