Apollo Global Management is making a multibillion-dollar wager on America’s casino capital and hoping it’s rolling the dice on the way out of a national crisis, not on the way in.
Casinos & Gaming
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It seemed 2020 was going to be a transformative year for Southern Nevada. Then, the pandemic hit. But there’s much to look forward to in the months ahead.
When the Gaming Control Board ordered protective facial coverings at table games, the change was made because so many patrons weren’t wearing them voluntarily.
Clark County’s more than 200 licenced operators celebrated reopening properties Thursday, but the bigger question is whether they’ll be able to build on that success.
Guests won’t have to wear face coverings, smoking will be allowed and social distancing protocols will be tough to uphold as Nevada gaming tries to get back to normal.
Jim Murren never thought he’d stay in or even like Las Vegas when he left his Wall Street gig in 1998. Now, he’s fighting for the city he loves in his task force role.
Resorts wish they could have more visitors like Cincinnati resident Tony Iori, who hopes Las Vegas will be like it has been so that he can travel here as often as he has.
Former Nevada Gaming Commission Chairman Tony Alamo is conflicted on how Nevada should reopen because of his experience as a regulator and a medical doctor.
The state’s gaming tax is calculated based on a percentage of a casino’s win. Lost winnings means lost general fund tax revenue that supports government functions from schools to public safety.
The city’s resorts have good reasons to decline sheltering the homeless during the coronavirus outbreak, even though 150,000 hotel rooms will be empty over the next four weeks.
As National Problem Gambling Awareness Month comes to a close, responsible gaming advocates are fearful that the nation’s casino closures could lead to other problems.
R&R Partners principle Bill Vassiliadis has seen shutdowns and downturns before and expects Las Vegas to come back strong once the coronavirus measures are over.
When a local blogger posted a rumor that The Mirage was going to close, it hurt rank-and-file employees who depend on tips and gave social media a black eye.
No one saw the shutdown of 41 casinos in Macao for 15 days and Italian soccer teams playing in empty stadiums. Will Japan’s plans for resorts be the next to see changes?