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Room reservations open for new SLS Las Vegas Hotel and Casino

Room reservations open for new SLS Las Vegas Hotel and Casino

Room reservations are now open for the new SLS Las Vegas Hotel and Casino. The resort announced the first rooms will be available beginning August 25. The property's grand opening celebration will be Labor Day weekend.

Reservations can be made through SLSlasvegas.com. Rooms will start at $109 per night on weekdays and $139 per night on weekends. The offer requires a two-night minimum stay and is valid from Sept. 1 through Dec. 27. There are some blackout dates.

The website will also allow people to book restaurant and nightlife venues along with tickets to events on the property.

Hospitality company sbe remodeled the Sahara Hotel and Casino to create the SLS Las Vegas. The newly remodeled resort will feature 1,600 rooms and suites, 30,000 square feet of convention and meeting space, along with new dining and nightlife options.

The Quad Workers Vote to Join Culinary Union

Workers at The Quad Resort and Hotel have joined the Culinary Workers Union Local 226 and Bartender Union Local 165.

The workers made their decision to join the union under a card-check neutrality agreement. The process allows workers to decide whether to join the union while the employer remains neutral.

On Wednesday, a independent, third party verified that a majority of workers signed union authorization cards, so the company recognized the union as the collective bargaining unit.

The Quad is owned by Caesars Entertainment, which already has a contract agreement for its other properties with the Culinary Union.

Negotiations for collective bargaining agreement to cover the workers at The Quad, which was formerly the Imperial Palace, will start shortly. 

MGM Resorts 4Q Loss Narrows as Expenses Decline

MGM Resorts 4Q Loss Narrows as Expenses Decline

LAS VEGAS (AP) -- MGM Resorts International's fourth-quarter loss narrowed, helped by reduced expenses.

The casino operator lost $38.3 million, or 8 cents per share, for the period ended December 31. That compares with a loss of $1.22 billion, or $2.50 per share, a year ago.

Analysts, whose estimates typically exclude one-time items, predicted a loss of a penny per share. Expenses declined to $2.2 billion from $2.72 billion.

Revenue rose 10 percent to $2.51 billion from $2.29 billion. Casino revenue climbed, as did revenue for rooms, food and beverages and entertainment. Wall Street forecast revenue of $2.47 billion.

MGM China's board also announced a $500 million special dividend on Wednesday. Shares of MGM Resorts shed 20 cents to $25.65 in premarket trading 45 minutes ahead of the market opening.

Progress Being Made on New Club on the Strip

Progress is being made on the newest megaclub coming to the Las Vegas Strip.

Drai's dayclub and nightclub is being built at the top of the new Cromwell boutique hotel. The creator is long-time nightclub owner Victor Drai, whose afterhours club was legendary night spot.

When finished, the $100 million club will have pools, DJs, and an amazing view of the Strip.

"I think it is going to be the prettiest background in the world, and you got an amazing experience between the outside and the inside will be all one," Drai said.

The Cromwell is at the corner of Las Vegas Boulevard and Flamingo Road. The old Bill's Gamblin' Hall and Saloon is being remodeled to create the new boutique hotel set to open later this year.

MGM Adds 27 Charging Stations for Electric Cars

LAS VEGAS (AP) -- Casino giant MGM Resorts International wants you to be able to charge your electric car while you gamble.

The company is installing 27 car charging stations at nine Las Vegas casinos, and at its corporate offices. The stations will free to use.

Chief Sustainability Officer Cindy Ortega says the company wants to make it easy for patrons to continue their sustainable habits while they use the hotel-casinos.

MGM has already installed charging stations at Mandalay Bay and MGM Grand on the Las Vegas Strip. The company expects to install the rest of the stations later this month.

 

Gambling Industry Fights Self on Internet Gambling

Gambling Industry Fights Self on Internet Gambling

LAS VEGAS (AP) -- Many experts believe online wagering is the future of gambling, but the casino industry is increasingly divided on the issue.

The latest evidence of the split comes Monday as the Coalition to Stop Internet Gambling launches the first commercial in a six-figure campaign warning of the dangers of legalized Internet gambling.

The group is supported by casino mogul Sheldon Adelson, CEO of Las Vegas Sands.

Meanwhile, the casino lobby has made the legalization of online gambling its signature issue for the year. Major members including Caesars Entertainment Corp. are taking steps to get into the market.

Morgan Stanley predicts that by 2020, online gambling in the U.S. will produce the same amount of revenue as Las Vegas and Atlantic City markets combined: $9.3 billion.