Showing posts with label caesars palace. Show all posts
Showing posts with label caesars palace. Show all posts

Friday, November 20, 2009

here we go again.

These stories will never go away, will they? From the cornfields of Nebraska, reported all the way across the Pond:

Las Vegas gambler sues Caesars Palace claiming casino plied him with drugs

A Las Vegas gambler who lost $112 million (£67 million) in a year, is suing the owner of Caesars Palace, claiming casino staff "milked" him by plying him with alcohol and prescription drugs. Read more.

Has anyone seen the Albert Brooks movie Lost In America? I'm reminded of that.

The complainant's lawyer alleges Harrah's is to blame because "Mr. Watanabe was an obvious gambling addict."

Sorry, Mr. O'Donnell, as a dealer and floor supervisor, I don't have the ability to see the addiction on 'em.

Not to be callous, but at some point, personal responsibility needs to kick in.

Tuesday, October 21, 2008

caesars palace: "what sagging economy"?

Looks like the new Caesars Palace tower is ready for business. From Forbes:

Caesars Palace tops off sixth tower on Vegas Strip
By OSKAR GARCIA

Casino company Harrah's Entertainment Inc. topped off a 23-story tower at Caesars Palace on Tuesday as part of a $1 billion expansion at its flagship Las Vegas Strip resort.

The 665-room Octavius Tower is the sixth at Caesars and is part of an expansion the company hopes will help the hotel-casino compete with planned neighboring luxury resorts.

Gary Selesner, president of Caesars Palace, said expansion plans haven't changed, despite difficult economic conditions.

"This is all about the future," Selesner said. "We're building our capacity for the turnaround that will come, whether it's one, two or three years down the road."

Average Las Vegas hotel room rates for August were $107 per night, down 15.3 percent from August 2007. Occupancy was down, too, with 88.3 percent of rooms filled in August, down 2.9 percent compared with August 2007.

Read more.

I'm most struck by the last paragraph there, although Las Vegas is not going to go bust in the current economy. When the economy plunged after 9/11, many Vegas casinos and resorts merged to survive. There will be some fluctuation and lean times, but the economy will rebound.

I doubt anything could turn Vegas dark, quite honestly.