Facing a potential downturn in business due to concerns of local casino companies nickel-and-diming customers, some resorts have begun rolling out summer promotions targeted at local residents.
The Strat has introduced its “Summer of Value” pricing, which features midweek hotel stays for $49 a night and weekend stays for $99, inclusive of all taxes and fees.
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This deal also includes a $25 dining credit at Strat restaurants and complimentary access to the observation deck.
This initiative follows the Plaza’s enticing offer of an all-inclusive $125 per person per night rate available until late August.
The Las Vegas Convention and Visitors Authority maintains a list of local deals, which can be found in the Locals Unlocked Las Vegas section of VisitLasVegas.com.
The deals aimed at residents seeking “staycations” include:
A gaming industry analyst has reported a decline in second-quarter hotel room rates in Las Vegas, indicating a potentially softening market.
However, Barry Jonas from Truist Securities remains skeptical of the Las Vegas Convention and Visitors Authority’s explanation, which links this to consumer uncertainty.
In his Tuesday report, Jonas noted that the drop in rates is typical during warmer months.
He monitors rates from MGM Resorts International and Caesars Entertainment, which operate 20 hotels on the Strip.
“Our latest survey shows continued rate weakness as we enter the summer,” he noted, adding that Q2 rates are down year-over-year, with April showing growth but May and June reflecting declines.
Jonas mentioned that shorter booking windows might be affecting perceived rates, and while the LVCVA cited consumer uncertainty, he believes it’s too early to label the situation as structural.
He expects to get a clearer picture after meeting with Strip resort management next week.
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The newest casino on the Strip, Fontainebleau, is enhancing its player loyalty program to attract more gamblers.
Recently announced changes include a better earning rate on slot machines—one play point for every $2.50 wagered, compared to the previous $5 rate.
The program also features a year-long promotion, increased free play for new members, and an extended earning window for existing players, which will remain in effect through August 31.
New members receive $10 in slot free play upon signing up and can earn up to $1,000 in additional free play after accumulating 500 Play Points.
Members enjoy discounts of up to 30 percent on accommodations, 5 percent back at various bars and restaurants, and added perks such as late checkout and waived resort fees.
Fontainebleau’s “Cash Back” promotion allows players to convert points into cash—$20 for every 5,000 Play Points earned.
The luxury resort opened in December 2023, following nearly two decades of delays, and features 3,644 hotel rooms, a 150,000-square-foot casino, fine dining options, and a venue capable of accommodating 5,000 guests.
Recently, gaming regulators revealed an investigation into potential anti-money laundering compliance at the property.
At the same time, the casino has also downsized its table games staff, citing ongoing evaluations of business needs.
You’ll check back here regularly to stay updated on the news.
