What we hope to demonstrate very quickly for Mystic Lake is that this advanced forecasting and optimization software can ensure rooms will always be available for their most valuable guests.
Atlanta, GA (PRWEB) March 17, 2014
The Rainmaker Group, a world leader in automated forecasting and profit optimization software and services for the Gaming & Hospitality industry, today announced that Mystic Lake Casino Hotel, in Prior Lake, Minn., will implement TribalREV®, Rainmaker’s comprehensive revenue management software solution provided as a managed service. The two entities finalized the agreement in mid-January and the solution will be implemented in the first quarter of 2014.
Billed as the largest casino resort destination in Minnesota, Mystic Lake offers 586 well-appointed guest rooms and suites, nearly 100 Blackjack tables, more than 4,000 of the most popular slots and a state-of-the-art high stakes bingo hall, a wide variety of restaurants and bars, an indoor pool, whirlpool and sauna, and a 2,100 seat venue (The Mystic Showroom) for world-class entertainment.
Today’s dynamic gaming environment, increased competition, and the lingering recession have forced operators to be smarter and operate more efficiently. Fortunately, the dramatic increases in data-storage and processing capabilities have allowed Rainmaker to undertake steadily more complex analysis for customers ranging from a 128-room hotel to a 5,000-room resort. The revenue increases typically come from small adjustments in room rates — moving nightly rates by $10 to $25 to make sure that rooms are priced to achieve the greatest value.
TribalREV leverages Rainmaker’s award-winning GuestREV® software, combined with a seasoned revenue management expert. “The power and promise of TribalREV lies in the GuestREV® software itself,” said John Wallace, Rainmaker President, Gaming/Hospitality. “What we hope to demonstrate very quickly for Mystic Lake is that this advanced forecasting and optimization software can ensure rooms will always be available for their most valuable guests. The service component of TribalREV, in effect, gives federally recognized, sovereign Native American tribes such as Mystic Lake virtually the same technological and human-resource capability as many of the world’s largest casino resorts.”
About Mystic Lake Casino Hotel, Prior Lake, MN
Mystic Lake Casino Hotel® is owned and operated by the Shakopee Mdewakanton Sioux Community (SMSC) in Prior Lake, Minnesota. With 4,200 employees, the SMSC is the largest employer in Scott County. Mystic Lake’s 586 room hotel offers well- appointed guest rooms and suites updated with the latest amenities such as flat screen TVs and complimentary WiFi access. In addition, all hotel guests receive free valet parking, a complimentary pass to Dakotah Sport and Fitness Health Center, and free local phone calls. Visit http://www.mysticlake.com for more information about the Midwest’s premier gaming facility – offering gaming, dining, headline performers, unique special events, championship golf, and luxurious accommodations.
The Rainmaker Group is the market-leading provider of automated Revenue Management and profit optimization software solutions for the Gaming, Hospitality and Multifamily Housing industries. An innovator and thought leader in the highly specialized revenue optimization field, Rainmaker leverages cutting-edge research in order to bring clients the most sophisticated systems. Whether GuestREV®, TribalREV®, GroupREV® or ReelREV™, all Rainmaker solutions for Gaming & Hospitality provide clients a strategic advantage in achieving the highest profitability from their assets. Rainmaker solutions are used to manage over 150,000 rooms for companies such as Atlantis The Palm Dubai, Caesars Entertainment, MGM Resorts International, Omni Hotels & Resorts, Wynn Las Vegas, and many others, and they support the operations of leading tribal clients such as Viejas Casino, Mohegan Sun, Foxwoods Resort Casino, Seneca Gaming Corporation, Agua Caliente, and more. Rainmaker is a Microsoft Gold Certified Partner headquartered in northern Atlanta, GA, and has for three years running ranked on the Inc. 5000 list among America’s top fastest growing, privately held companies. For more information, visit http://www.LetItRain.com.