Peter Luger Is Coming To Las Vegas, Opening In Caesars This Yr
Posted on: January 11, 2022, 11:10h.
Last current on: January 11, 2022, 01:25h.
Peter Luger — 1 of the names most synonymous with the New York steak house knowledge — is coming to the Las Vegas Strip and will open in Caesars Palace at the conclusion of this 12 months.
The mix of casinos and steak properties is tried and true, and Las Vegas is the epicenter of that marriage. Almost every single casino-vacation resort on the Strip and downtown has a casual or superior-finish eatery targeting carnivorous diners, and there are some legendary names between those dining places.
That’s the stratosphere in which Peter Luger operates. The cafe, which opened its first spot in New York in 1887, is Michelin-starred, and in some circles, is believed to be the initially steak household in New York.
We’re thrilled to be bringing Peter Luger to Caesars Palace. It was critical for us to be in a position to provide to Las Vegas the exact same menu, the same ambiance and—most important—the very same good quality beef that we are recognised for in New York, and Caesars was aligned with that vision,” mentioned Peter Luger President Amy Rubenstein in a assertion.
News of Peter Luger coming to Caesars Palace arrives just after a 12 months in which the cafe lineup at the built-in vacation resort was altered in spectacular vogue, which include the closures of Mesa Grill and Italian cafe Rao’s.
Coup for Caesars
The major sources of allure at Las Vegas integrated resorts, particularly individuals in the Caesars tier, are gaming and leisure. But it is useful to operators to preserve robust cafe lineups, like higher-end venues, to reduce company from departing for an additional venue basically to dine.
There is also cache. Peter Luger coming to Las Vegas is a coup for Caesars, not only since it is a venerable identify in the steak house place, but also due to the fact it is the very first time the cafe operator is expanding in 60 decades. It is the very first time it is opening a site exterior of New York. Its existing locations are in Brooklyn and Good Neck.
When Peter Luger opens in Caesars, it will be positioned in the vicinity of MR CHOW. The assertion does not indicate what capacity will be at the steak joint. Its Brooklyn and Good Neck locations seat just 60 and 65 diners, respectively.
It is also not apparent how non-comped shoppers at the Caesars Peter Luger will pay. At the two New York dining establishments, credit history cards aren’t accepted. But people venues do acquire hard cash, debit playing cards, dwelling accounts, and own checks.
Transform of Coronary heart by Reeg?
A single of the reasons Caesars Amusement (NASDAQ:CZR) is one of Wall Street’s beloved on line casino shares is since CEO Tom Reeg and his administration team have an proven track record for reducing expenditures and boosting working margins.
Alongside individuals traces, Caesars administration is not shy about trimming or eliminating very low-margin dining selections, including buffets, at some spots. On an earnings meeting phone with analysts last 12 months, Reeg famously produced some snarky remarks about in-casino eating, like “God forbid they (buyers) cease at McDonald’s on the way property.”
Even though the Peter Luger opening represents a departure from individuals feedback, it is, following all, Peter Luger.