Golden Entertainment said it plans to complete the design of the Stratosphere’s new meeting space by the end of the year as it seeks to attract more business guests to the iconic resort and tower.
“Ultimately (the meeting space) will allow this property to be competitive midweek’’ and reduce dependence on online travel agencies, Golden CEO Blake Sartini told Wall Street analysts Thursday during the company’s fourth-quarter conference call.
Sartini did not say how much Golden would spend to build a new meeting space adjacent to the Strat or when construction would begin.
The Strat may get as much as 70 percent of its clients from online travel agencies, according to Macquarie gaming analyst Chad Beynon. Agencies generally take commissions of between 10 and 15