MGM CEO admits Las Vegas hotel prices are too high, saying “shame on us.” The executive called for more affordable rates to attract visitors amid rising travel costs, signaling potential changes ahead.
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MGM CEO acknowledged that high pricing contributed to a negative perception of Las Vegas, stating, “Shame on us” for not addressing the issue sooner, according to KSNV. Efforts to improve visitor experience are underway.
A prosecutor involved in the MGM and Sibella illegal gambling case is set to speak in Las Vegas, shedding light on the investigation and legal proceedings tied to the high-profile matter.
MGM CEO admits the company bears responsibility for soaring hotel prices in Las Vegas, saying “Shame on us.” The statement highlights growing concerns over affordability in the city’s hospitality sector.
MGM CEO addressed Las Vegas’ soaring prices, stating “Shame on us” for the high costs impacting visitors. The admission signals growing industry concern over affordability in the city’s tourism sector.
The “United States Casino Gambling Market Forecast and Company Analysis Report 2025-2033” on Yahoo Finance highlights key players like Las Vegas Sands, MGM, Caesars, and Wynn Resorts, projecting growth and strategic trends in the industry.
MGM and AEG have announced plans to break ground on a new arena on the Las Vegas Strip. The joint venture aims to boost entertainment options and attract major events to the iconic destination. Construction is set to begin soon.
MGM’s Las Vegas operations remain stable despite near-term economic concerns, Morningstar reports. Strong fundamentals and diversified offerings support resilience amid market uncertainties.