Winstar World Casino About  A 6. 9 percent revenue jump in Sin City, where the company is one of the largest operators, drove an overall increase of 2. 3 percent and offset weakness at some of Caesars’ regional properties. Tehachapi Palace Aefa Austria 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. That’s not good news for corporations and tourists. admiral casino kilmarnock 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. Ruby Slots No Deposit Promo Code Romv “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. blackjack online zdarma coushatta casino phone number 3 percent on a sequential basis. The company’s July through September occupancy rate in Las Vegas was 95. 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. Revenue outside of Sin City was flat or lower due tocasino 500 poker chip set increased competition. coolcat no deposit When Will Thunder Valley Casino Open Back Up Lqut “Other U. hard rock casino games free entry online poker tournaments S. net revenues declined million year over year due to competition in Atlantic City and Southern Indiana,” according to the company. 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. lake tahoe casinos covid hollywood casino amphitheatre parking Bally’s Atlantic City has been mentioned as a possible divestment when Eldorado Resorts (NASDAQ:ERI) finalizes its . no deposit bonus bitcoin casino usa 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. 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. restaurants in jackson rancheria casino ”The company announced a sale/leaseback deal for the off-Strip Rio in September to Imperial Companies, a real estate investment firm, for 6. Www Sunset Station Casino Com Aljn 3 million. big fish casino monthly vip bonus

That transaction is expected to be finalized by the end of this year. golden nugget casino phone number Caesars’ uptick in expenses will no doubt catch the eye of Eldorado, which has loncasino 500 poker chip setg 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. Alvin Chau with his wife, Heidi Chan (left), and with “the other woman,” Mandy Lieu (right). casino monte carlo santa ana (Image: Jaynestars. com)But it seems that Chau isn’t too sore about the whole thing. encore casino vaccine In fact, the split was amicable enough for him to bestow a parting gift to Lieu: a million breakup fee.

The relationship has been Asian tabloid fodder since the two met in 2014. jamul casino fire And it was often fraught for one very specific reason: Heidi Chan, aka Mrs Chau. Lieu was apparently not content to remain Chau’s mistress throughout their five-year doubledown casino hack mod apk