I read an article on Vital Vegas reporting gossip that the Tournament of Kings show at Excalibur is going to close, and that sales have been soft due to MGM's new pay-for-parking policy. It also says that retail sales have fallen by about 30%. Of course, MGM denies this, but I hope it's true. In fact, I hope it hurts their quarterly earnings so much that they have to reverse course and apologize for their greediness and arrogance. I did my part this week. I took advantage of two MyVegas rewards at MGM properties Tuesday night - a buffet at Excalibur (meh), and the Zumanity show at NYNY (ok, but I wouldn't have paid for it). The only money I spent was the tip for the waitress at the buffet. I parked at the Tropicana and took the pedestrian bridges to NYNY and Excalibur, so I didn't pay to park either. I refuse to spend a nickel at any of their properties, and I won't gamble at them either. Screw 'em!
Well, I've been staying downtown and off-strip for a long time now, and I don't anticipate as much of the corporate squeeze at those properties any time soon. If and when they get out of hand, I'll gamble locally and vacation elsewhere.
I sort of hope it bites them too. I have no plans to park at any MGM property. I may eat there if the group I'm going with wants too. I also will run $100 through VP at the Bellagio sports book because that's tradition. But I'm not dumping my bankroll there this time. CET gets my love this trip.
I will still continue to patronize MGM and enjoy the shorter waits at check-in and valet (free with tier) as the strip is my preferred destination. If they aren't seeing the profit growth from these moves I'm sure they'll be back to the status quo soon enough.
MGM says there are no plans to close the show. http://www.lasvegasnow.com/news/mgm-no-plans-to-close-tournament-of-kings I'll take them at their word even though the denied the parking reports, too. I won't bank on them having taking a hit because of parking until them quarterly reports drop. I will laugh my ass if it is true, though.
I don't drive to Vegas so this doesn't directly affect me, but I get the indignation. At some point as a consumer you get to where you draw a "line in the sand" and refuse to frequent a business that's gouging you. Mlife's been good to me for years though, so at least for the near future I'll continue to take them up on the comped nights and free food/bev. Will be staying at PH for my next trip though, better offer.
As long as I am Gold I will still use MGM properties . I don't like total rewards properties, but we got comped 5 nights at Paris and only 3 nights at the Mirage. So since we have never stayed at Parris will give it a go. Maybe we will find a new home. I hope MGM does not pull a profit this quarter or any time for that matter. Until the fees go away but I think the fees are here to stay.