G Casino Sheffield  A 6. 9 percent revenue jump in Sin City, where the company is one of the largest operators, drove an overall increase of 2. ellis island hotel and casino las vegas 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. chumba casino no deposit bonus codes 2021 That’s not good news for corporations and tourists. But there’s a payoff for operators and their investors. free casino slot machine games for fun

Despite the pesky fees, Strip occupancy rates are shaping up nicely in the current quarter, say some analysts. viejas casino california “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. hotel y casino boulder station 3 percent on a sequential basis. The company’s July through September occupancy rate in Las Vegas was 95. luckyland slots verification 6 percent, up from 92. 6 percent in the year-earlier period. poker casino chips free slot machine games 777 Little River Casino Wedding Zeln

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 tor online gambling increased competition. “Other U. S. net revenues declined million year over year due to competition in Atlantic City and Southern Indiana,” according to the company. foxwoods resort casino poker 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. find a casino near me 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. 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. ”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. Doubledown Casino Video Poker Iupw Caesars’ uptick in expenses will no doubt catch the eye of Eldorado, which has lonr online gamblingg 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. poker winning hands mgm casino account Boomtown Casino Shreveport Events Newn In fact, the split was amicable enough for him to bestow a parting gift to Lieu: a million breakup fee. wicked winnings 3 free slots

The relationship has been Asian tabloid fodder since the two met in 2014. free egyptian slot machines valley forge casino valley beach foxwoods online casino 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 relationship, during which time Eldorado Casino Reno Owners Nntp