Caesars Cuts Comps, Desperate Promos, Casino Closing, Oz Arrives & The Death of Las Vegas?

Aug 5, 2025

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Episode Description

This week earnings reports and stats came rolling in to indicate whether Las Vegas is really struggling or not. While some numbers do indicate a pullback in visitation, the gaming numbers were actually quite positive giving us mixed results. We also dive into a few earnings calls to see what is driving the good and what they have to say about the rest of the year.

In other news Boring Company is expanding with another loop system in Nashville. We also discuss: Venetian removing their LOVE sign, stats showing how local gamblers differ from tourists, 3 rules for living in Las Vegas, Plaza's Jonny Suite, GVR's $200 million renovation, the John Wick Experience and how you can score the Aviator's cool new roulette jacket.

Episode Guide

• 0:00 Vegas blue pool water
• 0:30 The Fall of Vegas? Rough visitor numbers for June
• 2:12 Looking at visitor numbers over the years
• 3:16 How REVPar in June compares to the past - More revenue per room?
• 5:05 The worst takes on the Vegas slowdown
• 7:45 Will Las Vegas shift back towards the gambler?
• 8:58 A look back at 2008 Caesars Total Rewards
• 10:30 Caesars - lower drink prices & less comps for elites
• 12:55 Carversteak’s tricky prix fixe menu
• 15:15 NYNY pizza bargain?
• 16:11 Hogs & Heifers announces new Downtown Vegas location
• 17:22 Is Downtown Grand in serious financial trouble?
• 18:07 Another Vegas casino is closing soon - End of $3.99 AYCE spagetti!
• 20:12 Venetian’s new Wizard of Oz activation
• 22:12 Westgate brings back Elvis 1969
• 23:48 Fontainebleau may be getting desperate - Tons of new promos
• 26:29 Resorts World - strangest comp ever?
• 27:47 The wider slowdown is worse for the newest Vegas casinos

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