Mgm Grand Casino Stock  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. golden nugget casino pa 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. morongo casino phone number 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. draftkings casino error That’s not good news for corporations and tourists. But there’s a payoff for operators and their investors. do casinos give free drinks coolcat casino bonus codes

Despite the pesky fees, Strip occupancy rates are shaping up nicely in the current quarter, say some analysts. Nugget Casino Reno Parking Llbx “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. free casino slot games apps Curtis points out that for the fourth quarter, Caesars room rates are already up 10. big fish casino tips 2021 3 percent on a sequential basis. chukchansi casino hours The company’s July through September occupancy rate in Las Vegas was 95. hollywood casino reservations thunder valley casino and resort 6 percent, up from 92. bovada casino telephone number 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 toblackjack not casino increased competition. caesar slots login “Other U. caesar casino book 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. Bally’s Atlantic City has been mentioned as a possible divestment when Eldorado Resorts (NASDAQ:ERI) finalizes its . 3 billion takeover of Caesars, which is expected to happen in the first half of next year. roulette casino nombre de numero Shareholders of both companies meet next week in Nevada to vote on the deal. nearest casino chicago 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. Casino In Philadelphia Qywe ”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. mgm casino online michigan Caesars’ uptick in expenses will no doubt catch the eye of Eldorado, which has lonblackjack not casinog 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). (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.

The relationship has been Asian tabloid fodder since the two met in 2014. Seneca Niagara Casino Floor Map Oftz Denmark And it was often fraught for one very specific reason: Heidi Chan, aka Mrs Chau. Club Player Casino New No Deposit Bonus Codes Aqfo Lieu was apparently not content to remain Chau’s mistress throughout their five-year relationship, during which time