We sent this email to these three CEOs: February 15, 2019
Dear Mr. Maddox (Wynn), Mr. Murren (MGM), and Mr. Frissora (Caesars),
Please forward this message to your Executive Office.
What kind of business purposely alienates a huge portion of their loyal customer base just to make short term gain? The answer: yours.
Recent decisions by your bean counters to charge for parking on the Las Vegas Strip demonstrate your disregard for Las Vegas locals, and the many visitors driving in from other states, such as California.
Here’s a video excerpt from the Jan. 31st meeting of the Las Vegas Investment Club discussing this crucial issue:
When a local drops $500 on dinner and a show, or on table games in your casino, it’s ludicrous for them to have to pay more for parking when they leave. Your official P.R. stance – that other cities across the U.S. charge for parking – is a poor excuse. Las Vegas isn’t just like any other city. We’re setting the standard and the pace for the global gaming marketplace, and our actions toward all of our customers should reflect that.
We give credit to your competitors – the Venetian and the Palazzo – for not succumbing to price gouging. We urge you to reconsider your parking policy immediately as our members, including many coveted Millennial investors, are joining Nevadans who’ve decided to take their business elsewhere.
We request a response on this issue from your office. We will distribute it to our members.
Las Vegas Investment Club
Las Vegas, Nevada