LAS VEGAS (AP) – The latest on the plan by MGM Resorts International to charge for parking on the Las Vegas Strip (all times local):
12:40 p.m.
An analyst says MGM Resorts International is taking a gamble as the first major casino company to charge for parking on the Las Vegas Strip.
The casino giant said Friday that it will start charging $10 or less for overnight self-parking at most of its properties in the spring.
Gambling analyst Alex Bumazhny with Fitch Ratings says it’s standard to offer free parking at U.S. casinos. He says the MGM fee is also more than double the $4 charged by casinos in rival Atlantic City.