MGM to begin charging for parking at all Las Vegas resorts
http://www.reviewjournal.com/business/mgm-resorts-charge-parking-las-vegas-strip-casinos
Quote: MathExtremistNo mention of any changes to valet, and think about what a mess valet turns into if it stays free. Everyone who used to park for free will now spend the $5 on a valet tip rather than a parking charge.
Valet will be at least as much as general parking and probably a little bit more. Sadly, pretty much every big city has established charged parking so I see no reason it will fail here.
I will bet that Caesar's properties will start to charge within one year of MGM starting.
Quote: DRichValet will be at least as much as general parking and probably a little bit more. Sadly, pretty much every big city has established charged parking so I see no reason it will fail here.
I will bet that Caesar's properties will start to charge within one year of MGM starting.
It may not work here because of competition (airlines are able to charge many fees such as bag, fuel surcharge, seat selection because there are few airlines and thus a lack of competition). If there is a sufficient drop in revenue or visitors, most likely MGM will have to abandon this policy of charging for parking. And if this policy will generate decent profit w/o hurting its other revenues, then other casino will copy MGM.
Unlike 6/5 BJ policy, I think charging for parking will face consumer's resistance because parking covers much broader group consumers/players.
Quote: 777
Unlike 6/5 BJ policy, I think charging for parking will face consumer's resistance because parking covers much broader group consumers/players.
I compare it more to the "resort fees" being charged by all the strip casinos. It started small and Caesar's even advertised as the casino company that doesn;t charge resort fees. They figured out it would be more lucrative to just charge them too. The resort fees affect almost all of the tourists.
"We don't take this change lightly, "MGM Resorts Chief Operating Officer Corey Sanders said in a statement. "We recognize this is a significant departure from a long-established paradigm in the Las Vegas market.
However, after months of analysis, we believe these enhancements and new technology solutions will become welcome additions to our overall guest experience."
Business analysts will point to this years from now to explain the decline in tourist traffic and revenue in Vegas. As if competition isn't high enough now with casinos popping up in all the states in the east and midwest !
ON THE OTHER HAND, how do the downtown casinos get away with it ?
Quote: DRichI compare it more to the "resort fees" being charged by all the strip casinos. It started small and Caesar's even advertised as the casino company that doesn;t charge resort fees. They figured out it would be more lucrative to just charge them too. The resort fees affect almost all of the tourists.
Resort fees are somewhat "hidden," and even if consumers are aware of the fees, it can be a hassle, time consuming or big inconvenience to search for alternatives. And for parking, consumers can easily find alternatives with quick planning or instant decision.
Time will tell...
Quote: JohnnyQAnd I call BS on this one:...
And you really expect these people to tell you the truth?
Well, I do believe this statement from the article:Quote: IbeatyouracesAnd you really expect these people to tell you the truth?
The parking program is part MGM's profit growth initiative that the company announced last year. The idea is to increase cash flow by $300 million annually by 2017.
Good news for the taxi drivers and the monorail if fewer people rent cars ?
Quote: online article
MGM Resorts has 35,310 rooms and 37,000 parking spots on the Strip, which come at a premium during major events. The parking fees will come at Mandalay Bay, Delano, Luxor, Excalibur, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand.
Valet parking will cost more, but some parking at the Circus Circus hotel and the Crystals and Mandalay Bay Place shopping centers will still be free, as will MGM's properties in Mississippi, Michigan and China.
Parking at some Strip hotels will be cheaper than others, and Clark County residents will get a grace period. Those in MGM's loyalty program can earn free parking rewards.
Does that mean I don't have to tip the valet?
ZCore13
Quote: HowManyI can only hope that this results in fewer tips for dealers.
That's very nice of you to wish that upon those that have nothing to do with the decision.
ZCore13
Quote: Zcore13That's very nice of you to wish that upon those that have nothing to do with the decision.
ZCore13
Far too many dealers have an entitlement mentality. Recently at the Golden Nugget I witnessed a dealer berate a shy tourist after placing a $1 bet for the dealer.
The dealer said "This is The Golden Nugget, not Jerry's Nugget. You must tip $5 minimum." The tourist was scared, confused after 5 minutes of constant badgering from the dealer and left.
Quote: HowManyFar too many dealers have an entitlement mentality. Recently at the Golden Nugget I witnessed a dealer berate a shy tourist after placing a $1 bet for the dealer.
The dealer said "This is The Golden Nugget, not Jerry's Nugget. You must tip $5 minimum." The tourist was scared, confused after 5 minutes of constant badgering from the dealer and left.
So then that person deserves less tips/income. That's based on his work performance. Not on corporate charging for parking.
ZCore13
https://wizardofvegas.com/articles/Free-Parking/
They just can't resist! Next year will listen to them whine some more about not enough revenues actually coming from the gambling side!!!
Quote: JohnnyQAnd I call BS on this one:
"We don't take this change lightly, "MGM Resorts Chief Operating Officer Corey Sanders said in a statement. "We recognize this is a significant departure from a long-established paradigm in the Las Vegas market.
However, after months of analysis, we believe these enhancements and new technology solutions will become welcome additions to our overall guest experience."
Business analysts will point to this years from now to explain the decline in tourist traffic and revenue in Vegas. As if competition isn't high enough now with casinos popping up in all the states in the east and midwest !
ON THE OTHER HAND, how do the downtown casinos get away with it ?
Do you really think they will lose business over it? If they do then it is probably going to be the people that they don't want anyways.
I have no problem with anyone charging for parking as long as there is a way to get validated which would include food, show, or gambling. If they charge for you to come pay to see a show then that is BS. However, I would not not go because of it, I would just complain about it.
Quote: GWAE
I have no problem with anyone charging for parking as long as there is a way to get validated which would include food, show, or gambling. If they charge for you to come pay to see a show then that is BS. However, I would not not go because of it, I would just complain about it.
This is why society is what it is today. People are allowing themselves to be slow boiled alive. Just say no to for fee parking and 6/5 Blackjack. No to resort fees and don't play any kind of slot without a decent promo.
Since MGM has moved in the direction of drawing people to the strip, that don't gamble and in some cases aren't even of age to gamble, by hosting events like I-heart-radio and other music venue that draw young crowds and presumably will be doing likewise with a hockey arena drawing 20,000 people to the area 41 times a year for a hockey game, plus whatever other events are held at that arena, I am not surprised they want to generate some parking revenue. As I said, they may not be getting gambling revenue from these crowds.
MGM with it's properties all located on the strip, draws many out of town visitors that fly into town. I would be interested to know what percentage of these people actually rent a car. I think most take some sort of shuttle or cab from the airport and then ride the deuce or take taxicabs. For those that rent a car there better be some sort of provision for free parking or you will drive them to other properties.
Now here's the big group. Every weekend, and especially any kind of 3-day, holiday, or big fight weekend, there is a ton of car traffic that comes from southern California. Again, if there is no provision to offer these people free parking, and MGM intends to charge these people for parking, they will lose this crowd. And these are people that not only gamble, but spend money at the clubs, restaurants and high end shops even if they don't gamble.
Max, you may be right with that but for the out of towners these things are just park of a vacation. That's how they are getting away with it. For locals it all totally blows but MGM probably prefers the out of towner ploppies to the locals.
Hey look at it this way, they will probably have free parking on myvegas.
It's all the same. I paid over $800 for Disney tickets for the family and paid additional for parking. $600 for 2 Madonna tickets and paid extra for parking. Every Cardinals, Diamondback, Coyote's and Suns game has parking costs, even when I had Cardinal season tickets.
Explain why someone who parks at a prime spot casino and then walks around the strip, visits the M&M store, sees a movie, then eats somewhere other than where they parked, has any special rights to free parking?
ZCore13
Quote: Zcore13Anyone ever been to Disneyland and pay for parking? How about a sporting event? A concert? The State Fair?
It's all the same. I paid over $800 for Disney tickets for the family and paid additional for parking. $600 for 2 Madonna tickets and paid extra for parking. Every Cardinals, Diamondback, Coyote's and Suns game has parking costs, even when I had Cardinal season tickets.
Explain why someone who parks at a prime spot casino and then walks around the strip, visits the M&M store, sees a movie, then eats somewhere other than where they parked, has any special rights to free parking?
ZCore13
I'm all for people who have players club cards above the lowest tier getting free parking. Its already proven these customers are going to spend.
Quote: Zcore13Anyone ever been to Disneyland and pay for parking? How about a sporting event? A concert? The State Fair?
It's all the same. I paid over $800 for Disney tickets for the family and paid additional for parking. $600 for 2 Madonna tickets and paid extra for parking. Every Cardinals, Diamondback, Coyote's and Suns game has parking costs, even when I had Cardinal season tickets.
Explain why someone who parks at a prime spot casino and then walks around the strip, visits the M&M store, sees a movie, then eats somewhere other than where they parked, has any special rights to free parking?
ZCore13
I had free parking for Madonna
Of course no one has any FREE rights to anything in Vegas.Quote: Zcore13Explain why someone who parks at a prime spot casino and then walks around the strip, visits the M&M store, sees a movie, then eats somewhere other than where they parked, has any special rights to free parking?
And I believe it is in the interest of the gambling consumer for the casinos they go to to be financially healthy (so they can maintain their properties, offer good deals, etc).
BUT a corporation also needs to be willing to face the short AND long term business consequences of their decisions. In the long term there is a chance it will (eventually) be good for their bottom-line and "accepted" by everyone. And there is a chance it won't.
Many Posts have already mentioned the "acceptance" of Resort Fees and 6/5 blackjack.
And I do think this could reduce the # of visitors to Vegas when Vegas takes away all the little perks like free parking, etc, etc that set it apart from other tourist attractions that also offer gambling.
If I was implementing this, I would not charge parking for overnight guests of the hotel.
OK, that's the End of MGM bashing in this post.
I do like that M-LIFE is the main participant with myVegas ! I just redeemed gold points for tix to see KA and ZARKANA for Mrs. Q and I on our next trip this Spring.
Quote: GWAE
ON THE OTHER HAND, how do the downtown casinos get away with it ?
Do you really think they will lose business over it? If they do then it is probably going to be the people that they don't want anyways.
I have no problem with anyone charging for parking as long as there is a way to get validated which would include food, show, or gambling. If they charge for you to come pay to see a show then that is BS. However, I would not not go because of it, I would just complain about it.
Validation is a pain. Easy to forget, etc.
My position on these things is that it takes time. There's a tipping point in the zeitgeist where people start saying things to each other like, "Vegas is such a rip off." Then it becomes a bit of common wisdom. Then the conversations go on to, "what is so special about Vegas anyway? We have 90% of this stuff close to home."
People do talk about the bad odds on all the games at the poker table, more so than they used to in my estimation. They bitch about resort fees all the time.
Speaking of poker, Venetian raised the rake to $5 w/ no promo and dropped the comps to $1 Hr. People were sure grumbling about it.
Vegas is an institution with a lot of momentum and there's a "special" reason to come seemingly every other weekend. That's not going to flip over night because of 6 to 5 blackjack, but it can flip over a generation. Look at horse racing.
Problem is, all the corporate managers don't care about 10 years from now. They care about making their bonuses right now.
Quote: RigondeauxValidation is a pain. Easy to forget, etc.
My position on these things is that it takes time. There's a tipping point in the zeitgeist where people start saying things to each other like, "Vegas is such a rip off." Then it becomes a bit of common wisdom. Then the conversations go on to, "what is so special about Vegas anyway? We have 90% of this stuff close to home."
People do talk about the bad odds on all the games at the poker table, more so than they used to in my estimation. They bitch about resort fees all the time.
Speaking of poker, Venetian raised the rake to $5 w/ no promo and dropped the comps to $1 Hr. People were sure grumbling about it.
Vegas is an institution with a lot of momentum and there's a "special" reason to come seemingly every other weekend. That's not going to flip over night because of 6 to 5 blackjack, but it can flip over a generation. Look at horse racing.
Problem is, all the corporate managers don't care about 10 years from now. They care about making their bonuses right now.
Well said.
Quote: beachbumbabsWell said.
Maybe, but most of it is irrelevent. I have the busiest poker room in Northern Az. $4 house rake plus $2 for promotions. .$0.50 per hour cash back. Poker players are never happy. They generally think they are more valuable then they are. Example:
We have Aces Cracked for $100, Royal Flush pays $100 (using 1 or 2 cards), Straight Flush pays $50 (using 1 or 2 cards) and Aces Full of Nines beaten for a Bad Beat Jackpot. All of these run 24 hours a day. Regulars will come in and ask if we are going to run any promotions today, knowing that we already have all of that going.
Judging things on what poker players say
ZCore13
I'm really disappointed with their continued move away from customer service.
https://wizardofvegas.com/articles/mgm-to-charge-parking/
Quote: Zcore13Maybe, but most of it is irrelevent. I have the busiest poker room in Northern Az. $4 house rake plus $2 for promotions. .$0.50 per hour cash back. Poker players are never happy. They generally think they are more valuable then they are. Example:
We have Aces Cracked for $100, Royal Flush pays $100 (using 1 or 2 cards), Straight Flush pays $50 (using 1 or 2 cards) and Aces Full of Nines beaten for a Bad Beat Jackpot. All of these run 24 hours a day. Regulars will come in and ask if we are going to run any promotions today, knowing that we already have all of that going.
Judging things on what poker players say
ZCore13
You probably have a somewhat captive pool and cater to more degeny players, which is cool. LA is horrible, but has the biggest rooms in the world, as I'm sure you know.
But we're talking about people flying in from around the country to be ripped off. Sure, poker players complain a lot, as do gamblers in general. They want bad beats, royals, comps and drawings.
But you don't have to be a whiner to complain about being nickle and dimed every time you take a step. The older die hards will keep coming, just as they still go to the track. But there is some point at which people get fed up and the rip offs become a joke, like bad airline food or waits at the DMV.
Institutional, massively popular stuff falls off often. Mentioned horse racing. Along with baseball, the other top 3 sport was boxing, not long ago at all. I bet no more than 5% of the American population knows who the heavyweight champ is and can name the triple crown winner. Imagine trying to convince someone in the time of Ali and Secretariat that they'd live to see that.
What do both sports have in common? Dishonesty, contempt for their audience and they tried to squeeze them for every penny possible in the short term.
Quote: Zcore13Anyone ever been to Disneyland and pay for parking? How about a sporting event? A concert? The State Fair?
It's all the same. I paid over $800 for Disney tickets for the family and paid additional for parking. $600 for 2 Madonna tickets and paid extra for parking. Every Cardinals, Diamondback, Coyote's and Suns game has parking costs, even when I had Cardinal season tickets.
Explain why someone who parks at a prime spot casino and then walks around the strip, visits the M&M store, sees a movie, then eats somewhere other than where they parked, has any special rights to free parking?
ZCore13
Gee, never expected this reply from you. Did you forget why the casino gives free drinks, buffets, special promotions, and such ?
So the player feels special and is more likely to gamble. I am like a lot of low limit players, only time I ever use valet parking is at a casino.
Starts a pleasant experience by walking directly from my car to a casino entrance. Plus no worries about remembering on what level I parked. Always make sure I have 2 or 3 dollars for a tip when leaving and appreciate the bottled water given me.
Contrast that with paying to park, finding a spot, leaving the casino and walking to my car, etc.
There is only one Disneyland in Florida. Lots of casinos in Las Vegas. And unlike concerts, the entertainment in casinos is pretty much the same. As for the free loading parkers, goes with the territory, like free play cashed and out the door.
Asked my wife and she summed it all one in one word GREED and she would definitely head to another casino.
If anyone needs to see a prime example of the failure of money grubbing, just look at the horrific example of Atlantic City. For years, people who lost hundreds of dollars in a session consistently cited the $5 and $10 parking fees as the No. 1 thing they disliked about visiting and playing in AC. Not only did the AC casinos NOT learn their lesson, but it looks as if MGM is determined to follow that idiotic path.Quote: Zcore13Anyone ever been to Disneyland and pay for parking? How about a sporting event? A concert? The State Fair?
Quote: justinchumpGee, never expected this reply from you. Did you forget why the casino gives free drinks, buffets, special promotions, and such ?
LOL New member today and you already know me? Welcome back whoever you are. All of those things you mentioned are changing. Free drinks are starting to be limited and based on play, not just sitting at a mschine. Most promotions are based on level of play. Food comps have been tightened up. Players behaviors have changed and casinos are reacting. Everything changes in life and you have to evolve to stay in business.
Quote: justinchumpso the player feels special and is more likely to gamble.
Those that gamble will still get that. They are trying to focus on those players and rid themselves of park and travel customers and low level players that get free drinks all day, take up a parking spot, eat a loss leader food special and go home.
Quote: justinchumpA sked my wife and she summed it all one in one word GREED and she would definitely head to another casino.
She is correct. The United States was built on greed. Is Walmart greedy? Sure. Sports leagues? Absolutely. Yours or hers employer? Probably them too. Greed is what brings innovation and change. Of course it has its bad things too, but you have to deal with the not so pleasant sometimes to be able to have use of the pleasant.
ZCore13
Quote: KeyserCharging for parking will create huge waiting times while exiting the parking garage.
The wait won't be as long as Mission146's wait for you to make good the bet you lost. C'mon man, pay up.
Quote: HowManyThe wait won't be as long as Mission146's wait for you to make good the bet you lost. C'mon man, pay up.
I parked in Las Vegas parking garages maybe 100 times in my life, & I don't know if I've ever laughed at the same time as more than two or three other people. I don't think a logjam leaving is a concern at all. Now not being a dick, that's a different story.
ZCore13
Quote: SanchoPanzaNot only did the AC casinos NOT learn their lesson, but it looks as if MGM is determined to follow that idiotic path.
I believe the MGM casino in AC, Borgata, has been the most successful and continues to be.
Quote: AsswhoopermcdaddyEnough is enough. Charging for parking is wrong. It may be profitable, but between your resort fees and overpriced minibars enough is enough. Stop trying to suck blood from from a stone. We come to Vegas to have fun, not pay a tollgate. It just makes me soooo mad, I might just take MGM properties off my preferred hotels list.
Better take CET properties off too then. They are next.
ZCore13
MGM, after numerous painful contortions by the state, is supposed to have no role in the management of the Borgata despite its half interest in the property. The business is nominally run entirely by Boyd. Anybody care to venture the over/under on when Boyd might start charging parking fees in LV?Quote: DRichI believe the MGM casino in AC, Borgata, has been the most successful and continues to be.
you're a guest, parking is free. Will the
MGM be charging hotel guests for
parking?
Quote: SanchoPanzaMGM, after numerous painful contortions by the state, is supposed to have no role in the management of the Borgata despite its half interest in the property. The business is nominally run entirely by Boyd. Anybody care to venture the over/under on when Boyd might start charging parking fees in LV?
You are 100% correct, but if you believe that they have hadn't a significant say in the property in the last ten years you are fooling yourself.
Thus the use of "supposedly" and "nominally." Just wanted to avoid "allegedly." ;)Quote: DRichYou are 100% correct, but if you believe that they have hadn't a significant say in the property in the last ten years you are fooling yourself.
