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HomeHotelsLas Vegas Hotels Accused of Rental Price Conspiracy in Class Action

Las Vegas Hotels Accused of Rental Price Conspiracy in Class Action



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  Las Vegas hotels accused of rental price conspiracy in class action

Excerpt from Reuters

Several major companies that run prominent hotels on the famous commercial strip near Las Vegas were hit with a consumer antitrust lawsuit in federal court on Wednesday accusing them of conspiring to keep hotel room rates artificially high.

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

The lawsuit, filed on behalf of a resident of Florida and a resident of Washington state who allege they stayed in defendants’ hotel rooms, claimed the group of hotel defendants, using shared data, could “defy supply and demand dynamics” in the hospitality industry.

Click here to read complete article at Reuters.



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