Group and convention business continues to improve for Caesars.Patrick’s Day, Spring Break, and the beginning of pool season. March is an incredibly busy month in Las Vegas with college basketball all month, NASCAR during the first weekend, the CONAGG expo, St.Similar to MGM Resorts, Caesars is looking forward to a busy March. Caesars had a busy fourth quarter and that’s leading into a busy 2023. Coincidentally, a friend staying at PLANET HOLLYWOOD Las Vegas Resort last week said the rooms are starting to look run down. These rooms were renovated before the Covid-19 pandemic.Any changes to Caesars’ properties will happen outside of Las Vegas. Caesars’ CEO Tom Reeg said that it’s “hard to express how strong Vegas is now.” However, the company has zero plans to update, upgrade or renovate any of its Las Vegas casinos.Caesars Entertainment reported earnings last week.The earnings report and accompanying call fall in line with the other casino corporations that reported earnings over the past few weeks. Oh, and a last-minute addition about a new promotion (announced on March 1st): MGM Rewards Daily Tier Status Accelerator, which somewhat mimics the current Caesars Rewards Loyalty Program Daily Tier Promotion. Here’s a quick overview of what the company discussed about Las Vegas. More Vegas News MaTravelZork Las Vegas News – 2023 Caesars EarningsĬaesars didn’t have much information beyond finances during its earnings call.
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