financelaw360.com··1 min·For: Owner, Revenue, GM, Investor
Appeals Court Revives AC Hotel Dynamic Pricing Suit
The Third Circuit has revived a class action lawsuit challenging dynamic-pricing algorithms used by Atlantic City hotel-casinos. The lawsuit alleges that algorithmic price-setting tools facilitated illegal antitrust price coordination among competing properties.
Key Takeaways
- 1Third Circuit reinstated an antitrust lawsuit targeting dynamic-pricing software in Atlantic City.
- 2Plaintiffs allege algorithmic pricing tools led to inflated room rates across competing hotel-casinos.
- 3The decision could establish legal precedent for algorithmic revenue management practices industry-wide.
Source: law360.com
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