Vegas Hotels Hit With Lawsuit, Claiming Collusion Via Algorithm To Artificially Inflate Hotel Prices

A lawsuit filed in federal court in Nevada alleges hotel operators on the Las Vegas Strip colluded to overcharge visitors for rooms through an algorithm designed to artificially inflate prices above competitive levels, Las Vegas Review-Journal reported. Caesars Entertainment, Treasure Island, Wynn Resorts Holdings, and MGM Resorts International were named in the suit for allegedly sharing […] Source