Peter Luger — I of the names to the highest degree synonymous with the New House of York steak domiciliate have — is coming to the Las Vegas Strip and will unresolved inward Caesars Palace at the oddment of this year.
The combining of casinos and steak houses is tried and true, and Las Vegas is the epicenter of that marriage. Nearly every casino-resort on the Strip and downtown has a casual or high-end eatery targeting carnivorous diners, and in that respect are some iconic names among those restaurants.
That’s the stratosphere inwards which St. Peter the Apostle Luger operates. The restaurant, which opened its first of all location in New York in 1887, is Michelin-starred, and inward some circles, is believed to follow the first-class honours degree steak domiciliate inward New York.
We’re thrilled to follow bringing St. Peter Luger to Caesars Palace. It was vital for us to follow able-bodied to work to Las Vegas the same menu, the same ambiance and—most important—the same caliber boeuf that we are known for in New York, and Caesars was aligned with that vision,” said Simon Peter Luger President Amy Rubenstein inward a statement.
News of Simon Peter Luger coming to Caesars Palace arrives after a twelvemonth inward which the eatery lineup at the structured holiday resort was neutered inwards dramatic fashion, including the closures of Mesa Grill and Italian restaurant Rao’s.
Coup for Caesars
The primary sources of allure at Las Vegas integrated resorts, especially those inward the Caesars tier, are gaming and entertainment. But it’s good to operators to maintain robust restaurant lineups, including high-end venues, to forbid guests from departing for another locale simply to dine.
There’s also cache. Saint Peter Luger coming to Las Vegas is a coup for Caesars, not only when because it’s a venerable nominate inward the steak put up space, but also because it’s the 1st time the eating house operator is expanding inward 60 years. It is the first off clip it’s gap a location remote of New York. Its electric current locations are in Brooklyn and Great Neck.
When St. Peter Luger opens in Caesars, it testament follow positioned nigh MR CHOW. The financial statement doesn’t show what content will be at the steak joint. Its Brooklyn and Great Neck locations place just now 60 and 65 diners, respectively.
It’s also not shed light on how non-comped customers at the Caesars Peter Luger testament pay. At the deuce New York restaurants, deferred payment cards aren’t accepted. But those venues perform use up cash, debit entry cards, domiciliate accounts, and personal checks.
Change of Heart past Reeg?
One of the reasons Caesars Entertainment (NASDAQ:CZR) is unity of Wall Street’s favorite casino stocks is because CEO Uncle Tom Reeg and his management team up make an naturalized report for stabbing costs and boosting operating margins.
Along those lines, Caesars direction isn’t shy about trim or eliminating low-margin dining options, including buffets, at some locations. On an earnings group discussion call in with analysts shoemaker's last year, Reeg famously made some snarky remarks well-nigh in-casino dining, including “God forbid they (customers) stoppage at McDonald’s on the way home.”
While the St. Peter the Apostle Luger chess opening represents a departure from those comments, it is, after all, Peter Luger.
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