Posted on: January 11, 2022, 11:10h.
Final up to date on: January 11, 2022, 11:46h.
Peter Luger — one of many names most synonymous with the New York steak home expertise — is coming to the Las Vegas Strip and can open in Caesars Palace on the finish of this yr.
The mix of casinos and steak homes is tried and true, and Las Vegas is the epicenter of that marriage. Practically each casino-resort on the Strip and downtown has a casual or high-end eatery focusing on carnivorous diners, and there are some iconic names amongst these eating places.
That’s the stratosphere through which Peter Luger operates. The restaurant, which opened its first location in New York in 1887, is Michelin-starred, and in some circles, is believed to be the primary steak home in New York.
We’re thrilled to be bringing Peter Luger to Caesars Palace. It was crucial for us to have the ability to convey to Las Vegas the identical menu, the identical ambiance and—most essential—the identical high quality beef that we’re recognized for in New York, and Caesars was aligned with that imaginative and prescient,” mentioned Peter Luger President Amy Rubenstein in a press release.
Information of Peter Luger coming to Caesars Palace arrives after a yr through which the restaurant lineup on the built-in resort was altered in dramatic style, together with the closures of Mesa Grill and Italian restaurant Rao’s.
Coup for Caesars
The first sources of attract at Las Vegas built-in resorts, significantly these within the Caesars tier, are gaming and leisure. Nevertheless it’s helpful to operators to keep up sturdy restaurant lineups, together with high-end venues, to stop company from departing for an additional venue merely to dine.
There’s additionally cache. Peter Luger coming to Las Vegas is a coup for Caesars, not solely as a result of it’s a venerable identify within the steak home house, but in addition as a result of it’s the primary time the restaurant operator is increasing in 60 years. It’s the first time it’s opening a location outdoors of New York. Its present places are in Brooklyn and Nice Neck.
When Peter Luger opens in Caesars, will probably be positioned close to MR CHOW. The assertion doesn’t point out what capability might be on the steak joint. Its Brooklyn and Nice Neck places seat simply 60 and 65 diners, respectively.
It’s additionally not clear how non-comped clients on the Caesars Peter Luger pays. On the two New York eating places, bank cards aren’t accepted. However these venues do take money, debit playing cards, home accounts, and private checks.
Change of Coronary heart by Reeg?
One of many causes Caesars Leisure (NASDAQ:CZR) is one of Wall Street’s favorite on line casino shares is as a result of CEO Tom Reeg and his administration staff have a longtime repute for chopping prices and boosting working margins.
Alongside these strains, Caesars administration isn’t shy about trimming or eliminating low-margin eating choices, together with buffets, at some places. On an earnings convention name with analysts final yr, Reeg famously made some snarky remarks about in-casino eating, together with “God forbid they (clients) cease at McDonald’s on the way in which residence.”
Whereas the Peter Luger opening represents a departure from these feedback, it’s, in spite of everything, Peter Luger.