Lawsuit: Vegas Strip resorts used vendor to fix hotel rates
Source: Associated Press
Lawsuit: Vegas Strip resorts used vendor to fix hotel rates
By KEN RITTER
January 27, 2023
LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices.
The complaint filed Wednesday in U.S. District Court in Las Vegas alleges that casino giants MGM Resorts International and Caesars Entertainment, along with Treasure Island and Wynn Resorts, share information with a company that used pricing algorithms to “maximize market-wide prices.”
It accuses the resorts and Rainmaker Group Unlimited, a revenue management company owned by Cendyn Group, of “algorithmic-driven price-fixing … at the expense of consumers and in violation of antitrust laws.”
The Associated Press sent an email to Rainmaker seeking comment. Michael Bennett, a representative of Boca Raton, Florida-based Cendyn, declined to comment.
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Read more: https://apnews.com/article/mgm-resorts-international-las-vegas-business-lawsuits-f34d6cb7f170fc414702ee66d75b5f7a
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