Question of the Day - 07 April 2021

...after a swarm of locusts descends on it?

Not to compare Caesars to a horde of ravenous insects or anything like that...

Maybe I missed a memo, but I thought it was just a REIT thing with Vici. 

I had no idea Caesars was getting involved with the day to day operations. 

I am sorry to see the possibility of change so fast after the loss of Sheldon.  Have always enjoyed our stay and the tournaments.  My hope is they will not destroy a good thing. And no free parking, oh my!

I can't think of any of their acquisitions they made better. Yes, I'm including the Imperial Palace in this.   I see homogenized cost cutting in the future for both casinos.  

I think that Caesars will drive it right into the ground.........  How unfortunate as I love the Venetian/Palazzo.

The answer is competition. Competition in any industry makes it better for the consumer, any reduction in this is in my opinion bad. I really miss the old days when there was a lot of competition on the strip and it was wonderful.

I stopped going long ago to Caesars or any hotel related to it. The Venetian/Palazzo was my favourite on strip property and if Caesars get their mitts on it it will be a disaster. Caesars has become the McDonalds of casinos and not in a good way.

There are so many reasons and so many preferences. There may be one thing you like (or dislike) that will tilt your opinion. So leave it at better, worse, same and let the comments say why. I'm guessing the bulk of the answers will be "worse". It's easier to dislike one or more things than it is to like everything.

I believe that was my suggestion.  Thanks for using it!  I read your QoD every day.  Great feature. - Thomas D.

Thank you, Thomas D., for this poll suggestion and for letting us know it was you. 

 As an aside, as  I am a Poker Tournament player, I am mainly worried about the poker room - one of the better ones in Vegas, and hope they don't increase the juice that they take out of entry fees. 

Considering that Caesars was bought out by Eldorado during the pandemic,I'm not even sure what Caesars is going to be like, post pandemic.

There will be no change. ? Should read could things get worse they are 4-5 % less payback on slots compared to downtown and local casinos.  Video poker. How could it get worse. Is there any playable vp on strip if you are playing less than 25-100 dollar level. They have even reduced payback on those machine. Again you do not attract customers with decrease playback decrease 
Comps with parking fees and resort fees. I do agree they have good rooms. Their 75 dollar buffet?  I guess my lock has been bad but when I do a walkthrough I do not see items you see on utube   Most of time it is about level of Bellagio. Some better than Main Street Station when it was open   This is just my opinion 

There is no doubt Caesars has cut back on everything for loyal card members over recent years, but most of the those cutbacks I have seen were "following" cutbacks I saw on MGM. It's at the point I no longer go to any MGM property because of their attitude toward customers. No coffee machines. First to institute parking fees, resort fees, restriction of benefits throughout different cities in the country, ie. your LAS status does nothing for you in Detroit, etc. Main reason we don't frequent Venetian/Palazzo is the lack of other casinos affilitated with them throughout country. If Caesars under it's new management will stop taking away benefits and put back some from past years them taking over would be the best of all worlds!

Well, one could think of Ven/Pal as being sandwiched between Caesars and MGM, conceptually.  One of the few "themed" properties remaining; high end so to speak; good dining options; attractive interiors; every room a suite (though not really).  Could these positive aspects give Eldorado pause should they start to map out some locust action, as Kevin mentions?  Might they consider staying the course at least for a couple years, or even one year, to retain customer loyalty before dropping the cut-back bombs?  I've not been a Ven/Pal customer so I have no knowledge how "loose" their slots are right now, the VP schedules, table minimums and payouts.  I don't recall a TR where anybody raved about those things, i.e. "great VP."  So, in 12 months, maybe the same to retain customers?  

Awww, forget that.  Likely worse.

Candy

Maybe they'll add bevertainers!

and I usually avoid the Strip, but I wandered around this place a year ago, kinda nice.  Will it get de-themed?  What happens when you de-theme Italian?  They'll get lots more square footage when they fill in those canals.

I think it could only be the 'Same' if the current management of this facility is left alone to run it as they have been.  Otherwise, as your question notes, there are likely to be pluses and minuses that might balance out giving an overall similar experience, but not really the same.  

You might get a little more clear set of results by asking for a 1-10 rating, where 1 = 'They will drive it into the ground' and 10 = 'This is the best possible hope to fix this place'.  This would help those who expect modest changes in either direction.

I've always thought of Ven/Pal as upper class. When Mr Adelson was alive, all through COVID, he took care of his employees, like ANY good owner would have.  That didn't happen with other places. While I'd like to think that Caesars will take care of this place and NOT run it down, I'm sure (well, only 99%) they don't know how to keep a place up and have no desire to do so. Take and squeeze the money where they can, feed the bank accounts of all the top people, add more debt that will never be paid, and then jump ship.  Hopefully they don't squeeze it like they did Rio and end up with a shell of a place.  That would be sad on so many levels.  

I think you're right to Keep It Simple Stupid. There will be negative comments galore on this one, that is for sure. They should rename Caesar's... Mud seems appropriate.

I have not been a strip person for at least 8 years now,and with caesars getting their paws on another property is just another downfall.I am not a caesars fan at all ever since they started cutting me back on comps and such,and this all happened around 10 years or so,so the writing was on the wall that they were going to start gouging everybody.So being said not being a strip fan,i really don't know much about the Venetian,but if its how others said here,then you can bet caesars will ruin it totally.Caesars is just greedy how they keep buying up properties,and turning them into shit.Vegas was great when there were no one outfit owning multiple casinos and the boys from the midwest ran it.There were no problems like there is now,and instead of pushing people away they knew how to attract people instead.They took care of people and people kept coming back,Vegas is just a amusement park these days