Room revenue reported to the New Jersey Casino Control Commission has shown substantial increases, even while occupancy rates have fallen and gaming revenues have increased only modestly, the suits claim
August 23, 2023 at 02:09 PM
3 minute read
Atlantic City casino hotels just got hit with more guest-room price-fixing lawsuits after the first such suit prompted defendants to retain Skadden, Arps, Slate, Meagher & Flom; King & Spalding and Jones Day.
Two putative class actions were filed against the casinos on Monday, claiming their use of an algorithm called Rainmaker to maximize revenue from hotel rooms violates antitrust laws.
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Hard Rock Casino in Atlantic City, N.J. Credit: Credit: Racheal Grazias/Shutterstock.com
