Peter Luger, Famed New York Steak House, Coming to Caesars Palace

Peter Luger — ane of the names to the highest degree synonymous with the New York steak domiciliate go through — is coming to the Las Vegas Strip and will opened inward Caesars Palace at the end of this year.

The combining of casinos and steak houses is tried and true, and Las Vegas is the epicentre of that marriage. Nearly every casino-resort on the Strip and downtown has a passing(a) or high-end eatery targeting carnivorous diners, and in that location are some iconic names among those restaurants.

That’s the stratosphere inwards which Saint Peter the Apostle Luger operates. The restaurant, which opened its 1st location inwards New York in 1887, is Michelin-starred, and inwards some circles, is believed to follow the 1st steak put up inward New York.

We’re thrilled to be bringing St. Peter Luger to Caesars Palace. It was critical for us to follow able-bodied to get to Las Vegas the same menu, the same ambience and—most important—the same lineament boeuf that we are known for inward New York, and Caesars was aligned with that vision,” said Simon Peter Luger President Amy Rubenstein in a statement.

News of Peter Luger coming to Caesars Palace arrives after a yr in which the eating place lineup at the integrated holiday resort was neutered inwards dramatic fashion, including the closures of Mesa Grill and Italian eating house Rao’s.

Coup for Caesars

The primary feather sources of allure at Las Vegas integrated resorts, in particular those in the Caesars tier, are gaming and entertainment. But it’s good to operators to maintain robust eatery lineups, including high-end venues, to foreclose guests from departing for another locus simply to dine.

There’s also cache. Peter Luger coming to Las Vegas is a coup for Caesars, non only if because it’s a venerable make inwards the steak put up space, but also because it’s the first time the eatery manipulator is expanding inward 60 years. It is the first off time it’s gap a location alfresco of New York. Its current locations are inward Brooklyn and Great Neck.

When St. Peter the Apostle Luger opens inwards Caesars, it will follow positioned near MR CHOW. The statement doesn’t suggest what content testament live at the steak joint. Its Brooklyn and Great Neck locations sit down just 60 and 65 diners, respectively.

It’s also non clear up how non-comped customers at the Caesars St. Peter the Apostle Luger testament pay. At the 2 New York restaurants, course credit cards aren’t accepted. But those venues ut take cash, debit entry cards, house accounts, and personal checks.

Change of Heart past Reeg?

One of the reasons Caesars Entertainment (NASDAQ:CZR) is i of Wall Street’s favorite gambling casino stocks is because CEO Tom Reeg and his direction team up get an constituted report for thinning costs and boosting operating margins.

Along those lines, Caesars management isn’t shy most trim or eliminating low-margin dining options, including buffets, at some locations. On an earnings group discussion call with analysts shoemaker's last year, Reeg famously made some snarky remarks nigh in-casino dining, including “God interdict they (customers) stopover at McDonald’s on the path home.”

While the St. Peter the Apostle Luger chess opening represents a going from those comments, it is, after all, Simon Peter Luger.

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