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.
Last week various casino operators shared the stage. Quarterly earnings reports can often contain interesting news.
How Casinos Are Reacting To Revenue Trends The UNLV Center For Gaming Research recently released a report looking at historical departmental