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.
It’s ZorkFest weekend and we’re all in Atlantic City! I’m skipping a Pai Gow session at Bally’s right now so I can gather any interesting news from Las Vegas that I can find. Writing about Las Vegas is fun but it’s, even more, fun when there’s a casino 30 seconds away.
Caesars just had their first investors call since emerging from bankruptcy and I have a lot spinning in my head. Corporate earnings calls usually focus on revenue. This call was used more to discuss the future plans for Caesars Entertainment.
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