VEGAS.com explained

Vegas.com LLC
Type:Private company
Key People:Howard Lefkowitz was the original CEO and built the company to the national brand it eventually became.
Industry:Online Commerce
Hotel booking
Travel booking
Ticketing
Homepage:www.vegas.com
Location City:Las Vegas, Nevada
Location Country:United States

VEGAS.com, LLC is a destination-specific Online Travel Agency (OTA) founded in 1998 and headquartered in Las Vegas, Nevada. VEGAS.com provides extensive travel content and books discounted travel products including hotel rooms,[1] air-hotel packages, show tickets, tours, dining, golf, and other activities exclusively for the Las Vegas destination. VEGAS.com was one of The Greenspun Corporation's family of companies.[2] It is now owned by Remark Holdings,[3] the publicly traded company formerly known as Remark Media.[4]

History

Vegas.com was previously operated by The Las Vegas Sun, a newspaper distributed in Las Vegas.[5] In 2005, in a Chicago Tribune article, Vegas.com was ranked among the 50 most popular travel websites.[5]

In 2015, Las Vegas-based Remark Holdings (then known as Remark Media) acquired Vegas.com with the goal of making it the "go-to booking destination for new millennial travelers."[6] Remark Media paid a reported $15.5 million in cash and $9.5 million in stock, with $10 million in future stock options and up to $3 million depending on Vegas.com's performance in the following three years.[7]

Souvenir stores

The company also operates five souvenir stores in Las Vegas, in partnership with Marshall Retail Group.[8]

See also

References

Further reading

Notes and References

  1. News: Vegas poised to raise the stakes in new year . . December 10, 2004 . 16 November 2013 . Yancey, Kitty Bean.
  2. News: Las Vegas Sun parent realigns management . Las Vegas Review-Journal . November 28, 2012 . 16 November 2013 . Stutz, Howard.
  3. Web site: VEGAS.COM Remark Holdings. www.remarkholdings.com. en-US. 2017-10-25.
  4. Web site: Remark Media Announces Name Change to Remark Holdings, Inc.. Inc.. Remark Holdings. www.prnewswire.com. en. 2017-10-25.
  5. News: 50 most popular travel sites have hidden gems . . September 11, 2005 . 16 November 2013 . Frommer, Arthur.
  6. Web site: Remark Media Acquires Online Travel Destination Vegas.com. Inc.. Remark Media. www.prnewswire.com. en. 2017-10-25.
  7. News: Remark Media buys Vegas.com for $15.5 million plus stock. The Washington Times. 2017-10-25. en-US.
  8. News: Inside Business: Vegas.com, partner open souvenir shops . . May 21, 2008 . 16 November 2013.