MGM: Meet the new boss, same as the interim boss

If Sheldon Adelson keeps this up we’ll have to name him Man of the Year. The Las Vegas Sands CEO has extended salaries and health benefits to Venelazzo employees through October 31. Wrote Adelson, “I’m confident our business in Asia is trending the right direction, but Las Vegas may take more time to recover. It is my unequivocal belief, however—informed by more than 70 years of business experience—that our industry will get back to a regular pace at some point in the future … To my knowledge, we are the only company in our industry and likely one of the few in the broader hospitality industry who [sic] has not furloughed or laid off employees because of the COVID-19 pandemic.” Notice that Adelson says “a” regular pace. Post-Covid Las Vegas may never be the same.

Jottings: Like it needs any more trouble, the Palms Casino suffered a fire on the sixth floor yesterday. The damage does not appear to have been serious … Not only is Atomic Liquors branching out into the Arts District in Las Vegas, hostelry is coming, too. Hotel Cloé, a four-story boutique hotel, is underway. When completed it will have 74 rooms … VitalVegas has a plausible theory for that woozy-looking new Caesars Entertainment logo. It may be shout-out to ancient Roman coins, which were of irregular shape. Said one VV reader, “If you have to explain a logo then it doesn’t work” … Carl Icahn is no longer the power behind the Caesars throne. The mogul has sold down his stake in the company from 11% to 2%. CZR shares, already wilting because of the company’s (over)exposure on the Las Vegas Strip, continued to decline at the news.