2023-01-26 01:54:00

Hagens Berman: Las Vegas Hotel Operators Sued for Alleged Scheme to Illegally Inflate Hotel Room Rates to

Logo Benzinga
Benzinga
By Business Wire

Class-action lawsuit says hotel companies colluded with third party, Rainmaker, in massive Las Vegas Strip collusion, price-fixing

Consumers who rented hotel rooms on the Las Vegas Strip filed a class-action lawsuit today accusing 4 of Vegas' largest gaming and hospitality companies of engaging in an illegal price-fixing scheme to raise the cost of hotel rooms, according to Hagens Berman.

The lawsuit alleges that Rainmaker, a revenue management platform used by an estimated 90% of Vegas Strip hotels, collects real-time pricing and supply information from competitors and provides room rental rate recommendations designed to unlawfully maximize profits for its hotel operator users. Attorneys say this algorithmic-driven price-fixing comes at the expense of consumers and in violation of antitrust laws.

Attorneys say that in a competitive market, hotel operators would price rooms independently and would fill as many rooms as possible. The sharing of pricing and capacity information through Rainmaker has displaced normal competitive pricing and lead to increased room prices, according to the lawsuit, and antitrust academics have roundly criticized this type of price and supply exchange as anticompetitive.

Continue read on benzinga.com

Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-25 16:30:00
The lawsuit alleges Jeronimo Logistics LLC violated the California Labor Code by failing to pay employees for all of their time worked. ORANGE, Calif., Jan....

Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-25 21:04:00
For the quarter ended December 31, 2022 (Compared to the quarter ended December 31, 2021) Travel Restrictions and Reduced Visitation Continue to Impact...

Logo Finextra
TechnologyBy Finextra2023-01-25 11:24:00
Source: FCA In a statement of objections issued today, the Financial Conduct Authority (FCA) alleges that Dollar East (International Travel & Money...

Logo The Business Journals
Business / Finance2023-01-25 20:24:22
Today we'll take a look at optimism and challenges ahead in the hotel industry. As many cities see utilization rates in the hospitality sector approaching...

Logo ESPN
Tennis2023-01-25 23:30:20
MADRID -- Former Barcelona defender Gerard Piqu's investment group Kosmos Tennis said Wednesday it has filed a multimillion-dollar lawsuit against the...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-25 18:00:20
Image source: Getty Images Airbnb is the leader in short-term housing rentals. And back in 2008, when the company first got off the ground, it was all...

Logo GlobeNewswire
TravelPress Release2023-01-25 18:36:00
Recent openings by the ground-breaking hospitality group include locations in Kyoto, Sydney, Brooklyn and Toronto NEW YORK, Jan. 25, 2023 (GLOBE NEWSWIRE) --...

Logo ESPN
GolfBy Mark Schlabach2023-01-25 13:59:13
Attorneys representing the PGA Tour are seeking to add Saudi Arabia's Public Investment Fund and the fund's governor, Yasir Othman Al-Rumayyan, as defendants...

Logo PR Newswire
TravelPress Release2023-01-25 21:04:00
For the quarter ended December 31, 2022 (Compared to the quarter ended December 31, 2021 ) – Travel Restrictions and Reduced Visitation Continue to Impact...

Logo PR Newswire
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Gemini Trust Company, LLC, and certain...

Logo Daily Mail
Business / FinanceBy Daily2023-01-25 22:13:50
The outspoken boss of Wetherspoon says that the ancient institution of the pub is at risk due to sky-high taxes. As he revealed sales are still below...

Logo The New York Times
Business / FinanceBy Maria Cramer2023-01-25 10:00:10
Third parties pay writers for posts praising or panning hotels, restaurants and other places they never visited. How review sites like Yelp and Tripadvisor...

Logo Marca
TennisBy G Riquelme2023-01-25 17:49:07
Kosmos, the events company chaired by Gerard Pique, has filed a million-dollar lawsuit against the International Tennis Federation (ITF) before the Court of...

Logo The Business Journals
Politics2023-01-25 16:12:16
This is not the first time Del. Jon Cardin has introduced a bill on this subject, but this time he wants to allow more companies to contribute to campaigns.

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-25 20:18:26
NEW YORK (AP) New York 's attorney general said Wednesday that Madison Square Garden may be violating anti-bias laws with its practice of barring lawyers...

Logo PR Newswire
TravelPress Release2023-01-25 14:45:00
Upscale brand's newest property debuts in sought-after 'Silicon Hills' technology corridor in Austin, Texas ROCKVILLE, Md., Jan. 25, 2023 /PRNewswire/ --...

Logo PR Newswire
QUEBEC CITY, Jan. 25, 2023 /CNW Telbec/ - Kaleido Croissance Inc., a pioneer in the field of education savings in Quebec, has announced that it will...

Logo The New York Times
GolfBy Alan Blinder2023-01-25 02:08:22
A federal judge will decide whether one of the tours leading avenues to investigate and challenge a new rival can be expanded. The PGA Tour intensified its...

Logo PR Newswire
IRVINE, Calif., Jan. 25, 2023 /PRNewswire/ -- ATIF Holdings Limited (NASDAQ: ATIF, hereafter referred to as "ATIF") announced that its client Vessel...

Logo The Business Journals
Business / Finance2023-01-25 17:20:51
As part of the agreement, the LLC stipulates it breached nonresidential leases in New Mexico and Florida and is responsible for nearly $3.5 million in unpaid...