Vegas Casinos Face Federal Investigations
Several Las Vegas casinos are looking at investigations from Federal agencies this week. MGM Resorts and Caesars Entertainment are dealing with separate issues in Nevada, and some in New Jersey. The Federal Trade Commission is looking at MGM’s handling of last year’s cyber attacks, and the company has sued the agency. Plus, the Department of Justice is looking at the possibility that Caesars colluded with other hotel operators to fix prices! Hello friends, Jay Todd here standing just outside of the MGM Grand. That was Ground Zero for last year’s cyber attacks that targeted several of their properties, along with…
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Caesars Accused of Hotel Price Fixing
The Federal Trade Commission and the Justice Department’s Antitrust Division have submitted a hotel price fixing statement to the District of New Jersey. It was filed in the ongoing case of Cornish-Adebiyi v. Caesars Entertainment, as announced earlier this month. This case revolves around the utilization of pricing algorithms by casino hotels, a practice that is increasingly drawing regulatory attention. In their statement, the agencies address hotel price fixing, and clarify that hotels cannot collaborate on setting room prices or employ algorithms to carry out actions that would be considered illegal if performed by individuals. The spotlight has been on…
Ellis Island Casino Renovations
Everyone else is doing it, so now there are plans for Ellis Island Casino renovations. The off-Strip property is making plans to expand their gaming floor and install a brand new sports book area. The resort will increase the property by more than 6,400 square feet, as indicated in the planning documents submitted to Clark County. Those planning documents indicate that Ellis Island Casino has eliminated the 2,800-square-foot microbrewery to facilitate this expansion. The forthcoming structure will be positioned much closer to the sidewalk, and it will incorporate rooftop access upon completion. Officials anticipate the project’s conclusion within eight to…
MGM Suit Against FTC Over Cyber Attacks
The cyber attacks in Vegas last year are back in the news, as an MGM suit against the Federal Trade Commission has been filed over its investigation into the matter. Those attacks crippled Caesars and MGM properties, and the suit filed in Washington federal court targets both the FTC and Lina Khan, the FTC chair. The MGM suit is pursuing “injunctive and declaratory relief” against the FTC. They allege that that the actions taken by the FTC and Khan have infringed upon their rights as guaranteed by the due process clause of the Fifth Amendment. This clause mandates that entities…
Las Vegas Monorail to Close Down?
Social media reports are notoriously unreliable… except for our posts, of course. And one recent post about the Las Vegas Monorail caught a lot of peoples attention, claiming that the service was to be shut down as early as 2028. So is there any truth to the rumor? According to Reuters, these rumors originated from a post on April 6th by Twitter user Las Vegas Issues. Screenshots of this post were subsequently circulated on various social media platforms, fueling further speculation. This would be especially strange if true, as the new Las Vegas baseball stadium had tentative plans to utilize…
