Most casino operators in Las Vegas prefer to have a revenue split close to MGM than Caesars. In fact, Caesars wants to have a revenue split closer to MGM Resorts. The two casino operators have different approaches to their companies. MGM Resorts is expanding with new casinos and a massive profit growth plan. Meanwhile, Caesars Entertainment is looking elsewhere to generate revenue.
It’s NASCAR weekend in Las Vegas, so let’s start the news at the track. There are over 100,000 people expected to visit Las Vegas for the races this weekend…… Robots Invade The Vegas Strip ? I wrote about robotic bars 2 or 3 years ago and wondered when they would be in Las Vegas. It looks as though it’s time for robot booze slingers to hit the Vegas Strip.
You know it’s a slow week in Las Vegas when the biggest news was discussing a business possibly filing paperwork. Early last week it was reported that the Oakland Raiders would file paperwork to potentially move to Las Vegas. By the end of the week, that report was confirmed by the NFL Network. The Raiders still have one step before everyone in Las Vegas can lose their mind.
I usually start the news of the week with something from the business side of Las Vegas. Today I want to begin with news in the casino. This has been the catalyst for many of us to fall in love with Las Vegas. It’s what keeps many of us visiting Las Vegas. Sure the restaurants, bars, and shows are great but the epicenter of the action has long been the casino.