Tag: Caesars EntertainmentView All Tags
Caesars Entertainment has lost that loving feeling now that Gary Loveman has transitioned out of his role as CEO to make way for Mark Frissora, a former Hertz rental car executive, who left the rental car company on questionable terms last September. Loveman will still stay on as a company chairman tasked with overseeing the bankruptcy restructuring of Caesars.
Howard Stutz of the LVRJ reports that the
Steve Wynn twinFrissora will earn $1.8 million a year in salary with the potential to earn up to 150 percent of his base salary in bonus credits pay.
younger Bizarro Wynn Frissora, who was appointed in February, has already been "working closely with the senior team and pursuing opportunities to increase productivity." Obviously, that's just pure corporate drivel but there's no doubt time machine Steve Frissora has some work to do in getting the Caesars brand into a healthier position. Caesars Entertainment leads the gaming industry with $22.8 billion in long-term debt, of which $18.4 billion is in a Chapter 11 bankruptcy reorganization.
We'll be looking forward to watching
pre mid-life crisis SW Frissora make his moves.
Have any helpful suggestions for Caesars' new CEO? Put 'em in comments below!
[Photo via Bloomberg]
The D Hotel / Merchandise / Shopping / Online / MGM Resorts / MGM Grand / Aria / Caesars Entertainment / High Roller / Caesars Palace / Paris / The Cromwell / Harrah's / Flamingo / → All Tags
The D is the latest Las Vegas casino-hotel to offer merchandise from their property for purchase online. The new merch store called The D Shop (like the store in the casino) offers a variety of items from art you'll find in the hotel rooms to more traditional merchandise with their logo like t-shirts, coffee mugs and hats. In all, there are 26 items available for purchase on The D Shop online.
Hopefully, you aren't burgered out from Memorial Day because we've got some mouth-watering news--Thursday, May 28 is National Burger Day!
There are tons of amazing places on The Strip to enjoy a delish burger including Strip Burger, Shake Shack, White Castle, Burger Bar, BLT Burger, Umani Burger, and many more, including the newest burger joint to hit Vegas, Cafe 6 at Palms Place.
But you know who REALLY loves burgers? Caesars Entertainment. They've compiled this list of their burger joints with featured burgers to order. Check 'em out below. And remember Total Rewards members do get small discounts off their meals.
Toby Keith’s I Love This Bar and Grill (inside Harrah’s Las Vegas)
Toby Keith’s has two amazing burgers worth mentioning: the Caprese Burger with sliced tomato, mozzarella and fresh basil topped with a balsamic reduction, and the Over the Border Burger with chili con queso sauce, pico de gallo, tortilla strips and spicy sour cream on a jalapeño bun (you had us at chili con queso!). The burgers are new to the menu but should be priced around $15.99.
Hotel Deals / Vegas Observations / Downtown / The Strip / Survival Strategies / MGM Resorts / Caesars Entertainment / → All Tags
We’re not quite sure why, but summertime always seems to bring out hotel offers that are all about dining credit. We saw it last year, mainly at the Downtown hotels that don’t contain pools, and suspected that it might be a way to compensate guests for the lack of an important summer amenity.
Now, many of last year’s deals are back, pool season is well underway, and quite a few new names are getting in on this type of offer as the summer season winds up. What’s prompting these promotions now? Your guess is as good as ours, but we’re not going to complain about a free meal.
We’re not entirely sure what exactly happened at Caesars Entertainment’s bankruptcy hearings but Total Rewards must have been a large part of the discussion. Since Caesars filed for bankruptcy earlier this year, their Total Rewards marketing has gone into overdrive. It makes sense since the database of customers is huge and there's minimal actual cost for these promotions.
You may remember that Total Rewards offered a 50% bonus on the first 50,000 Tier Credits you earned through March 31. This could equate to as many as 25,000 extra Tier Credits. It would take some money but if you planned on spending it anyway, the bonus was a nice boost.
Poker / Venetian / MGM Resorts / Wynn / WSOP / Rio / Caesars Entertainment / → All Tags
As of May 1, the Venetian will be the latest casino to disallow cash from being used to wager at the poker tables. The move comes several weeks after MGM Resorts announced it would be banning cash from the tables at all nine of its Strip poker rooms. The Wynn has since instituted the same policy. Under these new guidelines, players will be required to convert their cash to chips before the money is considered in play.
As we outlined in our previous report, the reason casinos are moving toward cashless tables is so that they can more closely track how much players are buying in for at the tables. The Bank Secrecy Act requires casinos to file a Currency Transaction Report for any player who buys in for more than $10,000 in chips. At table games such as blackjack and roulette, casinos have required that bets be placed with chips rather than cash for many years now. This makes it easy for casino personnel to track how much a player buys in for. At poker, however, the permission of players to bet with cash has made it easy for individuals to slip under the radar and conceivably go over the $10,000 threshold without the casino being aware of it.
A sign in the Venetian poker room (seen below) states that anybody purchasing $2,000 or more in chips will be required to do so themselves at the casino cage rather than using a chip runner. It is likely that players who approach the $10,000 threshold will be asked for identification, including a social security number, if they do not already have one on file.
Vegas Opinions / Caesars Entertainment / Total Rewards / Players Clubs / Comps / Gambling / Gaming / Vegas Observations / → All Tags
Caesars Entertainment, still navigating its way through a bankruptcy years in the making, is gambling with one of the most valuable assets in the casino industry. You probably know that we don’t mean the year old, $550 million dollar Ferris wheel. You might have guessed we’re talking about one of the mega resorts that line The Strip, but that’s not it. It’s the Total Rewards loyalty program, valued at more than a billion dollars, that is where all the action is.
Events / Earth Hour / The Strip / Off Strip / MGM Resorts / Station Casinos / Caesars Entertainment / → All Tags
Las Vegas will dim its lights on Saturday for the second time this year.
After going dark for Tark in February to mark the passing of iconic UNLV basketball coach Jerry Tarkanian, resorts and business both on and off the Strip will turn off the lights this weekend as part of a now annual Earth Hour tradition.
Once approved for the credit card, cardholders can typically enjoy perks such as:
○Automatic upgrade to Total Rewards Platinum tier status
○5X Rewards Credits for every $1 spent at Total Rewards destinations including hotel stays, gaming, dining, concert tickets and more
○2X earning on air travel, restaurants and gas
○Six-month free trial of CLEAR, which expedites security for approved travelers at Las Vegas and nine other CLEAR-enabled airports
This is going to be a transformative year for Caesars Entertainment, for better or worse. The company has already filed for bankruptcy and CEO Gary Loveman has announced plans to step down. New leadership will definitely have new ideas on how to turn things around, but some changes are already occurring.
Much of the bankruptcy reorganization will take place in the background. We'll never see much of the financial restructuring and that's okay. The things that will affect Caesars customers will be inside of their properties. The first two bits of news about the new Caesars Entertainment center around Total Rewards, their massive players club and marketing list.
Just weeks after filing for bankruptcy, another big announcement from Caesars Entertainment. The company's long-time CEO Gary Loveman will be stepping down in June. But, not stepping away.
The Las Vegas Review Journal reports Loveman will transition into a role as the company's chairman beginning July 1. His replacement has already been knighted. Mark Frissora, the former head of Hertz rental cars, will take over. Loveman has been with the gaming giant, in varying capacities, for some 27 years now. (Right click the hyperlink to trace his many roles.)
Vegas Observations / Flamingo / Imperial Palace / Caesars Entertainment / The Strip / Vegas Rumors / Housekeeping / → All Tags
Until its recent transformation into The LINQ Hotel, the hotel-casino formerly known as Imperial Palace served an important role in Vegas. Sure, it was the smoky dump of a casino that people scoped out just for laughs. And yes, the rooms were so cheap and hilariously awful that they afforded broke college kids on spring break the opportunity to stay center Strip. But, we’re talking about its most important role: making the rest of The Strip look good.
For years, you could stay anywhere else on Las Vegas Boulevard, pay any price, even get the worst of rooms right next to the noisy ice machine with a view of an AC unit and still say “well, at least it’s not Imperial Palace.” And, you would be absolutely correct in doing so.