Borgata Casino New Years Eve  A 6. my choice casinos in lake tahoe 9 percent revenue jump in Sin City, where the company is one of the largest operators, drove an overall increase of 2. choctaw casino vince neil 3 percent and offset weakness at some of Caesars’ regional properties. Revenue performance was driven by our Las Vegas region due to increased consumer demand, with particular strength in the hotel business, which continues to outpace prior years across properties,” said CEO Tony Rodio in a statement. Due in part to surging resort fees, room rates in the largest US gaming hub reached record highs in the first nine months of 2019. boomtown casino jobs reno That’s not good news for corporations and tourists. But there’s a payoff for operators and their investors.

Despite the pesky fees, Strip occupancy rates are shaping up nicely in the current quarter, say some analysts. “We believe that strong group bookings for Las Vegas Strip operators in 4Q are offsetting any transient pressures the surveys were picking up several weeks ago,” said Nomura gaming analyst Harry Curtis in a note out earlier today. Curtis points out that for the fourth quarter, Caesars room rates are already up 10. Sunset Station Casino Craps Wout 3 percent on a sequential basis. The company’s July through September occupancy rate in Las Vegas was 95. sycuan casino concerts 2021 thunder valley casino poker room phone number 6 percent, up from 92. 6 percent in the year-earlier period.

Key Insights and Expert Analysis

Thank Goodness For VegasWhile its third-quarter numbers in Las Vegas were strong, the same can’t be said of some of the other markets Caesars operates in. draftkings casino app Revenue outside of Sin City was flat or lower due tobrian christopher slot player increased competition. inside bellagio hotel and casino brian christopher slots tulsa hotel casino golden palace nueva galia “Other U. S. Poker Chips Casino Quality Kmdp net revenues declined million year over year due to competition in Atlantic City and Southern Indiana,” according to the company. black oak casino slots On the Boardwalk, the company operates three of the nine casinos – Bally’s, Caesars Palace, and Harrah’s. Bally’s in particular is viewed as having fallen well behind Caesars’ other properties, as well as Atlantic City rivals such as Borgata and Tropicana.

In the Hoosier State, Caesars runs four venues – including two Harrah’s properties. Bally’s Atlantic City has been mentioned as a possible divestment when Eldorado Resorts (NASDAQ:ERI) finalizes its . live casino philadelphia 3 billion takeover of Caesars, which is expected to happen in the first half of next year. Shareholders of both companies meet next week in Nevada to vote on the deal. big fish casino owner sycuan casino open Higher ExpensesCaesars said its operating expenses rose to 1 million in the recently completed quarter “due to recognition of 0 million in impairment charges related to land and buildings at Rio, and million additional expenses in 2019 associated with an extra half month of operations associated with the acquisition of Centaur Holdings, LLC. ”The company announced a sale/leaseback deal for the off-Strip Rio in September to Imperial Companies, a real estate investment firm, for 6. 3 million.

That transaction is expected to be finalized by the end of this year. lucky tiger casino games Caesars’ uptick in expenses will no doubt catch the eye of Eldorado, which has lonbrian christopher slot playerg pledged to pare spending at the acquired company by at least 0 million. The often-fraught relationship between Alvin Chau, the playboy CEO of Macau’s biggest junket operator, Suncity, and Malaysian-American model Mandy Lieu is over, The Straits Times reports. Golden Nugget Casino 200 Free Spins No Deposit Euyb Alvin Chau with his wife, Heidi Chan (left), and with “the other woman,” Mandy Lieu (right). (Image: Jaynestars. com)But it seems that Chau isn’t too sore about the whole thing. In fact, the split was amicable enough for him to bestow a parting gift to Lieu: a million breakup fee. peppermill casino utah

The relationship has been Asian tabloid fodder since the two met in 2014. And it was often fraught for one very specific reason: Heidi Chan, aka Mrs Chau. Online Poker Casino Baden Yguh Lieu was apparently not content to remain Chau’s mistress throughout their five-year relationship, during hard rock casino upcoming concerts