Tag: Caesars EntertainmentView All Tags
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.
The company is seeking help with some $20 billion in debt, but executives want you to know you don't have to seek out a new gaming home. Friday, Total Rewards members received an email from Caesars pledging that its players club will continue as is. And, that if you dropped in soon(ish) and threw some money around, they'd make it worth your while:
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After months of negotiations and even longer of speculation, Caesars Entertainment has finally filed for Chapter 11 bankruptcy. Paperwork placing its operating unit, Caesars Entertainment Operating Co., into bankruptcy was filed in Chicago.
The casino giant is billions upon billions in debt, but while some creditors are on board with the bankruptcy, others are fighting against it. Bloomberg reports that "lower-ranking creditors.. say the restructuring accord Caesars worked out with a select noteholder group unfairly protects the company's interest at their expense." Caesars listed about $20 billion in liabilities and is looking to halve that.
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