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.
LAS VEGAS —
The Associated Press sent an email to Rainmaker seeking comment. Michael Bennett, a representative of Boca Raton, Florida-based Cendyn, declined to comment. MGM Resorts, which operates properties including Bellagio, New York-New York, MGM Grand and Mandalay Bay, responded Thursday with a statement calling the lawsuit “meritless.”
Caesars Entertainment operates Las Vegas Strip properties including Caesars Palace, Harrah’s, the Horseshoe, Paris Las Vegas and the Flamingo. “Rest assured, they watch each other,” Feldman said. “Then they can decide if they want to go above it, below it, or just ignore it.”The lawsuit points to concerns about algorithmic pricing identified in aOhlhausen defined a computer algorithm as a set of rules or instructions that can model thousands of “extremely complex and nuanced behaviors” in a fraction of a second “and react almost instantaneously to changes.
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