Las Vegas Sands announces new fees rules

las vegas sands q2 2018

Credits: Las Vegas Sands

The casinos and resorts company has raised its fees for visitors in Las Vegas, Nevada.

US.- Two casinos in Las Vegas city have updated their daily fees to US$45, as announced last week by the operating company Las Vegas Sands. Visitors at The Palazzo and The Venetian would have to check the new fees regulations starting this week. According to Deutsche Bank and Las Vegas Review-Journal data, the last announcement closes an 80 per cent of increase in the daily fees since the last three years.

he US$45 fee places both properties at the top of the fee scale among its Strip competitors. However, it is not alone in raising resort fees: so far in 2018, resort fees have been raised by between US$2 and US$5 to between US$30 and US$39 by The Blackstone Group-owned, The Cosmopolitan of Las Vegas, along with MGM Resorts International and Caesars Entertainment Corp. Las Vegas properties, according to multiple reports.

Las Vegas Sands has been restructuring its financial plans in the last week, as the American company also revealed that it sold the casino in Bethlehem, Pennsylvania, for US$1.3 billion. The property was acquired in a transaction that took place last week by Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama in the US.