With property values increasing around the new stadium what other barriers do developers face? (Michael Quine/Las Vegas Review-Journal)
MGM Resorts International plans to raise their resort fees at some properties. The timing or size of the fee increase wasn’t given, but hinted they might soon push them up to Caesars’ level. Caesars raised resort fees at their eight Las Vegas Strip properties on Feb. 1. The rise in resort and other fees, like parking, will help offset inevitably higher labor costs, executives said. MGM spokeswoman Mary Hynes says the market “has experienced recent increases, and we subsequently anticipate making adjustments in the near future.” In January, MGM announced it would increase parking fees at 11 of its 12 Strip properties.