Las Vegas hotels accused of rental price conspiracy

Several major hotels were hit with a lawsuit accusing them of conspiring to keep hotel room rates artificially high

Jan 27, 2023

The lawsuit in Nevada federal court alleged Caesars Entertainment, Treasure Island, Wynn Resorts Holdings and MGM Resorts International used shared pricing algorithms to set rates instead of making "independent pricing and supply decisions."

The defendants named in the lawsuit control more than two dozen hotels on the Las Vegas Strip, including Caesars Palace, Harrah's, Wynn, MGM Grand, according to the plaintiffs' lawyers at Hagens Berman Sobol Shapiro and Panish Shea Boyle Ravipudi.

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