The average daily room rate for hotels on the Las Vegas Strip hit a high last year, topping $200 a night.
About 90% of the pigs’ diet comes from casino food scraps but when the pandemic shut down major strip hotels, thousands of pigs went hungry. A federal lawsuit has been filed in Nevada alleging that most hotel casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices.damages for hotel patrons who booked rooms in Las Vegas since 2019.
The complaint alleges that casino giants MGM Resorts International and Caesars Entertainment, along with Treasure Island and Wynn Resorts, shared information with a company that used pricing algorithms to "maximize market-wide prices." It accuses the resorts and Rainmaker Group Unlimited, a revenue management company owned by Cendyn Group, of "algorithmic-driven price-fixing … at the expense of consumers and in violation of antitrust laws."The strip on Las Vegas Boulevard is seen on May 30, 2002 in Las Vegas, Nevada.
The suit is looking for unspecified monetary damages for "tens of thousands if not hundreds of thousands" of people based on alleged antitrust violations of the federal Sherman Act.spokesperson provided a statement saying, "The claims against MGM Resorts are factually inaccurate, and we intend to defend ourselves vigorously against these meritless claims.
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