{"id":25150,"date":"2019-05-08T23:20:54","date_gmt":"2019-05-08T23:20:54","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=25150"},"modified":"2019-05-13T12:58:05","modified_gmt":"2019-05-13T12:58:05","slug":"is-las-vegas-spearheading-big-casino-industry-changes-5-things-to-know","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/is-las-vegas-spearheading-big-casino-industry-changes-5-things-to-know\/","title":{"rendered":"Is Las Vegas Spearheading Big Casino Industry Changes? 5 Things To Know"},"content":{"rendered":"<p>A large part of <strong>Las Vegas<\/strong>\u2018 appeal is that it\u2019s\u00a0always changing. Casinos want to keep their attractions and offerings constantly fresh, alluring and exciting so every trip is a bit of a new experience.<\/p>\n<p>Unfortunately, new fees and new gaming rules can be a bit confusing and frustrating for visitors that don\u2019t keep up with Sin City happenings on a regular basis.<\/p>\n<h2><span id=\"the_las_vegas_strips_two_casino_giants\">The Las Vegas Strip\u2019s two casino giants<\/span><\/h2>\n<p>The majority of the casinos and hotels on the Vegas Strip are operated by either <strong>Caesars Entertainment<\/strong> or <strong>MGM Resorts International<\/strong>. The latter operates <strong>10 casinos and 14 hotels<\/strong> on the Vegas Strip:<\/p>\n<ul>\n<li>Aria<\/li>\n<li>Bellagio<\/li>\n<li>Circus Circus<\/li>\n<li>*Delano (at Mandalay Bay)<\/li>\n<li>Excalibur<\/li>\n<li>Luxor<\/li>\n<li>Mandalay Bay<\/li>\n<li>MGM Grand<\/li>\n<li>The Mirage<\/li>\n<li>New York-New York<\/li>\n<li>*NoMad (at Park MGM)<\/li>\n<li>Park MGM<\/li>\n<li>*Signature (at MGM Grand)<\/li>\n<li>*Vdara (at Aria)<\/li>\n<\/ul>\n<p>*Denotes hotel within a hotel<\/p>\n<p>Caesars Entertainment operates <strong>nine\u00a0casinos and 10 hotels<\/strong> on the Vegas Strip. Note that Rio Las Vegas is not on the Vegas Strip.<\/p>\n<ul>\n<li>Bally\u2019s<\/li>\n<li>Caesars Palace<\/li>\n<li>The Cromwell<\/li>\n<li>Flamingo<\/li>\n<li>Harrah\u2019s<\/li>\n<li>The Linq<\/li>\n<li>Flamingo<\/li>\n<li>*Nobu (at Caesars Palace)<\/li>\n<li>Paris Las Vegas<\/li>\n<li>Planet Hollywood<\/li>\n<\/ul>\n<p>*Denotes hotel within a hotel.<\/p>\n<p>Las Vegas is much larger than these two casino-resort operators. However, most visitors to Las Vegas stay on the Vegas Strip and these two corporations help shape how Las Vegas is perceived in general.<\/p>\n<h2><span id=\"changes_are_coming\">Changes are coming<\/span><\/h2>\n<p>Both Caesars Entertainment and MGM Resorts are in the middle of <strong>major corporate changes<\/strong>. Given that their properties dominate the Strip, those changes will trickle down to visitors and be felt for years to come.<\/p>\n<p>Caesars Entertainment has a new CEO and Board of Directors that will shape the way the casino operates moving forward. MGM Resorts is in the middle of a two or three-year corporate reorganization.<\/p>\n<p>Some of the changes with these two major casino corporations might be minor while other changes might seem a bit more drastic. Here\u2019s what you might notice in Las Vegas from Caesars and MGM in the next year or so.<\/p>\n<h2><span id=\"1_a_sale_could_mean_fewer_caesars_rewards_casinos\">1 \u2013 A sale could mean fewer Caesars Rewards casinos<\/span><\/h2>\n<p>The Board of Directors at Caesars Entertainment recently <strong>named Tony Rodio as Chief Executive Officer<\/strong>. He\u2019s tasked with righting the ship for Caesars Entertainment properties around the world.<\/p>\n<p>At the same time, they named a CEO the Board of Directors at Caesars Entertainment also announced a \u201cTransaction Committee.\u201d This group will consider ways to improve profitability for the company\u2013including a <a href=\"https:\/\/www.playusa.com\/eldorado-resorts-expansion\/\">potential sale<\/a> of some properties or the entire company.<\/p>\n<p>Rumors about Caesars Entertainment selling some or all of its Las Vegas properties have been floating around since last year. There\u2019s really no telling which, if any, Caesars Entertainment casinos will be sold.<\/p>\n<p>But where there\u2019s smoke there\u2019s often fire. <a href=\"https:\/\/www.playusa.com\/caesars-rewards-players-club\/\"><strong>Caesars Rewards<\/strong><\/a> (formerly Total Rewards) has approximately 50 million members. Many vacations at Caesars Las Vegas properties are booked through the loyalty club because of potential discounts.<\/p>\n<p>There could be fewer options for Caesars Rewards members visiting Las Vegas in the future.<\/p>\n<h2><span id=\"2_dynamic_pricing_at_mgm_resorts_properties\">2 \u2013 Dynamic pricing at MGM Resorts properties<\/span><\/h2>\n<p>On their most recent <a href=\"https:\/\/investors.mgmresorts.com\/investors\/news-releases\/press-release-details\/2019\/MGM-Resorts-International-Reports-First-Quarter-Financial-And-Operating-Results\/default.aspx\">earnings call<\/a>, MGM Resorts said that they <strong>plan to use dynamic pricing at their Las Vegas properties<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.business.com\/articles\/what-is-dynamic-pricing-and-how-does-it-affect-ecommerce\/\">Dynamic pricing<\/a> isn\u2019t a new or unique concept. Companies continuously<strong> adjust the prices of goods and services<\/strong> based on supply and demand with this pricing model. Rideshare companies, professional sports teams, and more companies use the dynamic pricing model for their goods and services.\u00a0 Thanks to Uber, some travelers may know dynamic pricing under a different name: \u201csurge pricing.\u201d<\/p>\n<p>The concept isn\u2019t new anywhere and it\u2019s not entirely new to Las Vegas. The Cosmopolitan has been using \u201choliday prices\u201d for more than five years. During certain holidays there are higher prices for everything from drinks at the Chandelier Bar to the Wicked Spoon buffet.<\/p>\n<p>MGM Resorts hasn\u2019t been specific to the rollout of dynamic pricing, it\u2019s already beginning, <a href=\"https:\/\/vitalvegas.com\/gift-shop-excalibur-surge-pricing\/\">according<\/a> to\u00a0Vital Vegas. The new pricing should make visiting their casinos and resorts during busy times a little more expensive.<\/p>\n<h2><span id=\"3_music_residencies_are_tops_in_strip_entertainment\">3 \u2013 Music residencies are tops in Strip entertainment<\/span><\/h2>\n<p>Last year, Caesars Entertainment parted ways with their entertainment booker, <strong>AEG<\/strong>. This was fairly underreported but residencies like <strong>Celine Dion<\/strong>,<strong> Elton John<\/strong>,<strong> Britney Spears<\/strong>,<strong> Jennifer Lopez<\/strong>\u00a0and others ended their shows.<\/p>\n<p>Caesars Entertainment just <a href=\"http:\/\/caesars.mediaroom.com\/2019-04-10-Caesars-Entertainment-Enhances-The-Colosseum-at-Caesars-Palace-with-Significant-Investments-in-Unique-Guest-Experience-and-Innovative-Technical-Elements\">signed a new co-promoter deal<\/a> with <strong>Live Nation<\/strong>, who just happens to be AEG\u2019s biggest competitor. The new partnership is already providing dividends with a flurry of <strong>new residency announcements.<\/strong><\/p>\n<p><strong>Journey<\/strong> and <strong>Sting<\/strong> will have residencies at Caesars Palace. <strong>Paula Abdul<\/strong> will take over the showroom from the soon-to-depart <em>Donnie &amp; Marie<\/em> show.<\/p>\n<p>The deal with Live Nation is national. Some of the Caesars Entertainment engagements in Las Vegas could end up stopping at other casinos around the county. If this sounds familiar, it\u2019s because MGM Resorts currently books some of their limited engagements at multiple locations as well. Perhaps other cities want to follow the Vegas model and get a piece of the acts, some of which have been immensely popular moneymakers.<\/p>\n<p>MGM properties also have some headlining residencies sure to keep Caesars on its toes: <strong>Aerosmith<\/strong>, <strong>Janet Jackson<\/strong> and <strong>Bruno Mars<\/strong>, not to mention <strong>Lady Gaga<\/strong>\u2018s wildly successful <em>Engima<\/em> and <em>Jazz &amp; Piano<\/em> shows.<\/p>\n<h2><span id=\"4_mgm_resorts_casinos_are_replacing_some_staff_with_robots\">4 \u2013 MGM Resorts casinos are replacing some staff with robots<\/span><\/h2>\n<p>MGM Resorts is in the middle of a<strong> corporate reorganization<\/strong>. By the end of the second quarter (June), MGM Resorts will have <a href=\"https:\/\/www.washingtonpost.com\/national\/mgm-resorts-announces-254-layoffs-says-more-job-cuts-coming\/2019\/04\/25\/d21a31d2-67a3-11e9-a698-2a8f808c9cfb_story.html\">laid off more than 1,000 employees<\/a> as part of their <strong>MGM 2020<\/strong> plan. The program started by laying off executives but is now impacting supervisors, managers, and even\u00a0<a href=\"https:\/\/www.nevadacurrent.com\/blog\/mgm-layoffs-a-bloodbath-not-confined-to-management\/\">entry-level<\/a> employees.<\/p>\n<p>It\u2019s easy to glance over the corporate layoffs since those employees may not directly impact a visit to a Las Vegas casino-resort. But having fewer supervisors, managers and staff at each property will change the experience when visiting the various MGM Resorts properties in Las Vegas.<\/p>\n<p>The remaining supervisors and managers will now take direction from groups being called the \u201cCenters of Excellence\u201d or \u201cCOE\u201d (see <a href=\"https:\/\/s22.q4cdn.com\/513010314\/files\/doc_financials\/quarterly\/2019\/q1\/1Q19_Earnings-Presentation.pdf\">page 16<\/a> of the MGM earnings presentation for specific responsibilities). These 18 COE\u2019s will streamline how the casino, hotel, bars, and restaurants at each property operate. While fewer employees will save money, this could impact the personal touch casino guests have become accustomed to over the years.<\/p>\n<p>The next part of the MGM 2020 plan will be to create more efficiency through technology. For example, they\u2019re already using <a href=\"https:\/\/www.cdcgamingreports.com\/robot-bartenders-are-mixing-drinks-at-mgm-springfield-and-the-technology-is-now-headed-to-las-vegas-casinos\/\">automation to make drinks<\/a> at <strong>MGM Springfield<\/strong>. This and other automation will come to Las Vegas to streamline the process. This will replace some employees but\u00a0<em>shouldn\u2019t<\/em> change interactions with guest visiting bars.<\/p>\n<div class=\"redheader-cta tb_edit_table\">\n<div class=\"tb_editlinks\"><\/div>\n<div class=\"pusa-table cta\">\n<div class=\"sr-header\">\n<p>CHUMBA ACCEPTS US PLAYERS &amp; HAS REAL CASH PRIZES<\/p>\n<\/div>\n<ul class=\"pusa-list\">\n<li>\n<ul class=\"pusa-item\">\n<li class=\"pusa-logo\"><a class=\"thirstylink tb_ga_tracking logolinkclass\" href=\"https:\/\/www.playusa.com\/visit\/chumba-casino\/\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"thirstylinkimg\" title=\"Chumba Casino\" src=\"https:\/\/www.pokerscout.com\/wp-content\/uploads\/2019\/05\/chumba1-3.jpg\" alt=\"Chumba Casino\" \/><\/a><a class=\"thirstylink tb_ga_tracking\" title=\"Visit Chumba Casino\" href=\"https:\/\/www.playusa.com\/visit\/chumba-casino\/\" target=\"_blank\" rel=\"nofollow noopener\">Visit Chumba Casino<\/a><\/li>\n<li class=\"pusa-bonus\">$2 in Sweeps Cash FREEPLUS $10 when you deposit<\/li>\n<li class=\"pusa-details\"><a class=\"read\" href=\"https:\/\/www.playusa.com\/chumba\/\">Chumba Casino Review<\/a>\n<ul class=\"pusa-item-checklist tb-list-checklist\">\n<li><i class=\"fa fa-check\"><\/i>US Players Accepted<\/li>\n<li><i class=\"fa fa-check\"><\/i>$2 in Free-Play on Sign-up<\/li>\n<li><i class=\"fa fa-check\"><\/i>Deposit via Credit or Debit Card<\/li>\n<\/ul>\n<\/li>\n<li class=\"pusa-button\"><a class=\"thirstylink tb_ga_tracking cta-button i15-cta-button\" title=\"PLAY NOW\" href=\"https:\/\/www.playusa.com\/visit\/chumba-casino\/\" target=\"_blank\" rel=\"nofollow noopener\">PLAY NOW<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2><span id=\"5_las_vegas_parking_fees_arent_going_away_anytime_soon\">5 \u2013 Las Vegas parking fees aren\u2019t going away anytime soon<\/span><\/h2>\n<p>As April came to an end, <strong>Wynn Las Vegas<\/strong> <a href=\"https:\/\/www.latimes.com\/travel\/lasvegas\/la-tr-las-vegas-travel-free-parking-returns-wynn-encore-20190430-story.html\">stopped charging all guests for self-parking<\/a>. This probably has more to do with neighboring casinos than anything else. <strong>The Venetian<\/strong> and <strong>Treasure Island <\/strong>don\u2019t charge for parking.<\/p>\n<p>On their recent earnings call, MGM Resorts representatives said they have no plans to stop charging for self-parking or valet parking. Neither MGM Resorts or Caesars Entertainment plan to reduce any existing fees.<\/p>\n<p>The good news is that MGM Resorts doesn\u2019t plan on raising their fees. The same can\u2019t be said for Caesars Entertainment who recently increased their parking fees.<\/p>\n<p>The post <a href=\"https:\/\/www.playusa.com\/las-vegas-casino-changes\/\" rel=\"nofollow\">Is Las Vegas Spearheading Big Casino Industry Changes? 5 Things To Know<\/a> appeared first on <a href=\"https:\/\/www.playusa.com\/\" rel=\"nofollow\">Play USA<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A large part of Las Vegas\u2018 appeal is that it\u2019s\u00a0always changing. Casinos want to keep [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-25150","1":"post","2":"type-post","3":"status-publish","4":"format-link","5":"has-post-thumbnail","7":"category-news-category","8":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Las Vegas Spearheading Big Casino Industry Changes? 5 Things To Know -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/is-las-vegas-spearheading-big-casino-industry-changes-5-things-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Las Vegas Spearheading Big Casino Industry Changes? 5 Things To Know -\" \/>\n<meta property=\"og:description\" content=\"A large part of Las Vegas\u2018 appeal is that it\u2019s\u00a0always changing. 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