[yesthatjallen]

When the Mob ran Vegas, food and rooms were cheap. It was a lost leader. The cheap rates ensured people would think they were getting such a great deal they would spend all their money in casinos and stay a long time.

Now the hotels and casinos are run by investment groups who have accountants who are squeezing tourists for every cent. Hotel parking is no longer free. Buffet's are expensive. Everything that was formerly cheap for free now has a fee.

Two different business models.

[WoofDog123]

i was fascinated when i read about the asset split structure caesars and mgm did, with the actual property ownership being sold to a holding company and being leased back to the casino publicly traded corp over x decades.

that kind of performance pressure contributes to exactly what you describe.