Posted on: November 8, 2024, 01:33h.
Last updated on: November 8, 2024, 01:33h.
The Venetian Resort on the Las Vegas Strip has struck a deal with one of the country’s largest tribal casinos located in California about 60 miles southeast of Los Angeles.
The Venetian is teaming up with Pechanga Resort Casino in Temecula, CA, in what’s being billed as the first-ever marketing agreement between a major commercial casino resort on the Las Vegas Strip and a tribal-owned and operated casino resort.
The Pechanga Band of Indians and Venetian Resort have entered into a strategic partnership that will allow rewards members of both integrated resort properties to use their loyalty points for unforgettable experiences at both destinations. Rewards members of the two casinos will also receive exclusive invitations to events, promotions, and special happenings at the resorts.
We are excited to welcome Pechanga guests to The Venetian Resort and providing our Venetian Rewards guests to experience Pechanga, a top casino destination in Southern California,” said Danny Ruiz, chief gaming officer of The Venetian. “Together, we’re offering our guests exclusive perks and seamless access to experiences at both destinations, and a chance to enjoy the best of both worlds like never before.”
“Our team at Pechanga is always looking for unique and truly special ways we can deliver incredible experiences and luxury to our guests,” added Ken Perez, president of the Pechanga Development Corporation. “We’re looking forward to this partnership with such a respected and sought after brand as The Venetian Resort in the Las Vegas hospitality and casino landscape.”
Landmark Partnership
The Venetian and Pechanga are two of the world’s largest casinos. They’re also two of the highest-rated gaming resorts in the U.S.
Pechanga was the only resort casino ranked among Condé Nast Traveler’s 2024 Top Resorts list. Readers’ Choice has ranked The Venetian among the top Las Vegas hotels every year since 2018.
The Venetian/Palazzo casinos span 225K square feet and offer about 1,500 slot machines and 210 live dealer table games, plus sports betting. The Palazzo High-Limit Gaming Lounge accounts for 15K square feet where slot spins range from $100 up to $5,000.
Pechanga features over 5,500 slots and 150 table games across 200K square feet of gaming space. Pechanga also offers a High-Limit Salon with over 200 slots and video poker machines.
Both resorts offer extraordinary culinary experiences, A-list entertainment, and luxury retail shopping.
The Venetian Resort has 7,100 hotel rooms, 44 restaurants and bars, and 2.3 million square feet of meeting space. Pechanga has 1,100 guestrooms, an outdoor pool complex spanning five football fields, 275K square feet of indoor and outdoor event space, 12 restaurants, and an 18-hole championship golf course.
Venetian Ownership
In March 2021, Las Vegas Sands agreed to sell The Venetian Resort and Palazzo, including the complex’s Expo and Convention Center, for $6.25 billion. Private equity giant Apollo Global Management paid $2.25 billion to assume the operational control of the resort, while Vici Properties, the real estate investment trust controlled by Caesars Entertainment, paid $4 billion to acquire the physical assets.
Vici leases The Venetian Resort to Apollo for $250 million a year. The rate is set to increase next year by 2% or the Consumer Price Index increase for 2025, up to a 3% maximum, whichever is greater.
