Archive for March, 2009

Harrah’s May Auction WSOP to Online Casinos

Monday, March 23rd, 2009

The Las Vegas based company Harrah’s Entertainment has been experiencing some rather tough economic times recently and is apparently looking for assets to sell off to other companies and investors in order to secure their footing throughout the rough time that they are facing.

As a corporation Harrah’s entertainment would surely love to hold on to the WSOP (World Series of poker) rights as long as possible especially since the UIGEA is rumored to be lifted at some point in the not so distant future. If the laws were lifted then the Las Vegas Company would surely create their own online casino or even a string of online casinos and run an online version of the WSOP.

However, unfortunately the economy is what it is and there is seemingly no time to look for other ventures or opportunities. The Harrah’s corporation must act now and save the assets that they do hold at the time.

The sale of the WSOP is likely to bring in quite a few wagering members of the online casino world and is likely to raise enough revenue for the company to cover their backs for a little while at least. Next on the list of things to sell in order to stay afloat will be the Las Vegas Rio hotel and casino.
Surely the company will do anything in their powers to hold on to what they have but there is no guarantee that there is a light at the end of tunnel at this point. The company reported losses of more than $4 billion dollars in just the last quarter overall and is looking for ways to recapture their position.

Low Rates May Not Last Forever

Thursday, March 19th, 2009

Great deals to Las Vegas have been quite the buzz in recent times. It seems that you can have a modest or not so modest weekend in Las Vegas for half of the cost that it has been in times past and the hotels are happy to throw in bonus packages and all the luxuries for just a quarter of the price. Of course hotels are likely banking on the fact that most visitors will be spending money at the table and the rest of the gambling facilities where the casino makes the majority of their money anywhere.

However, with the new proposed tax increase on hotel room rates the ideas of staying at a hotel for almost free will quickly disappear. The tax increase is a suggested 3 percent making hotel taxes as high as 13 percent. If the changes do take affect they are going to do so in a few months starting with the month of July.

So if you were considering a stay in Las Vegas at a low rate without extra fees and costs associated with the room rate than it may be a good idea to get to Vegas within the next few months to follow in the next little while.

The projected revenue from the taxes will go directly to benefit the city and state and the projections show that the new taxes will yield roughly $233 million within the first and second year of the implementation.

Green Transportation in Las Vegas

Tuesday, March 17th, 2009

When you think of green with Las Vegas in mind the first thought is more likely about the Benjamin’s than it is about transportation, but this time we are talking about transportation within the Las Vegas area! There is now a company called Earth Buses and Limousines and they specialize in offering luxurious services with professional drivers and great service, all while keeping this planet a brighter, safer and cleaner place to live.

The company now offers service within the Las Vegas area concentrating on the Las Vegas Strip , offering professional transportation with preset appointments as well as service on a last minute basis. The greenhouse gas emissions are much less than that of any other comparable transportation and the prices for the transportation and all the services is very competitive with others in the industry.

After the technology show as well as other conventions in Las Vegas all pointed in the direction of all things green and cutting costs across the board this was a natural step in the green direction.

Las Vegas is one of the first cities to be doing this starting with luxury transportation and likely moving to overall transportation as well. Many other US cities are likely to move in the same direction as well as are companies in the other industries.

Jumping on the green train will not just be a way of for the city to make money and cut costs but also a way to pay it forward to the environment and everyone enjoying the lavish resources.