One of the best weekend’s of the year in Las Vegas will be coming to an end by the time you read this. The first Saturday in May brings gorgeous weather, the Kentucky Derby, a big fight, Cinco de Mayo parties, MLB games, NBA & NHL playoffs and more.
Average Daily Hotel Room Prices In Las Vegas Break Record. The average daily room rate is the average of all Las Vegas hotels from every day of the week and does not include resort fees, parking fees, or taxes. So, while a midweek room in downtown Las Vegas might have been $30, a hotel room during CES on the Vegas Strip might have cost $270. Together the prices of the hotel rooms averaged $150 each.
The Borgata is next in line to become a part of the MGM Resorts International family. They didn’t reveal specifics for streamlining expenses or maximizing revenue on the earnings call. However, Borgata will become a part of the Mlife Rewards family in the 2nd quarter of the year.
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.
Happy Sunday! I hope your Thanksgiving weekend was as good as mine. Since the week was short, that means we’ll have less news than normal.
There was a lot of Vegas news that I’d like to discuss from last week, so let’s just hop into it. Gambling, Events and Tid-Bits
Earnings calls are boring AF. Earnings calls for casino operators aren’t entirely boring, they’re just boring. No AF. I just need to vent before diving into the MGM Resorts 3rd Quarter Earnings call this week.
These calls are intended provide information for financial investors in corporations and not for the public. I’m closer to the latter. I’m not an investor and I write for normal people that may not understand or care about the financial jargon. For the most part, I listen to these calls to see if there’s any news that mainstream news outlets don’t report or care about.
..And with this anchor as the grand plan, The Park was born, and on my recent trip to Vegas during a severe bought with the hangover demon, I got to explore this little piece of open space nestled between New York New York and the Monte Carlo..
In all my years visiting and living in Las Vegas, I’ve only seen a handful of shows. When I think
Rumor has it that MGM Resorts International is considering imploding Excalibur. The idea is that the low-end family hotel would be replaced with another..