Pent-up demand to visit Las Vegas has boosted optimism for a strong recovery and underscored the pressing need to following ensure thousands of jobs are filled in casinos.
Casinos & Gaming
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Caesars Entertainment will join rival MGM Resorts in offering COVID-19 vaccine to employees on the Las Vegas Strip.
The lack of convention sand trade shows and fewer flights are the biggest reasons Strip properties are having greater financial angst than their locals counterparts.
The Southern Nevada Health District on Wednesday said it no longer recommends people who tested positive for COVID-19 be tested again.
Analysts knew May gaming win was going to be off, since casinos were closed and only sports apps and online poker provided revenue. But the $5.8M win was still a jolt.
Casino operators have enhanced their health and safety plans in recent months, with some installing thermal cameras at entrances to try to detect patrons with fevers.
Supply companies — those who work behind the scenes making sure Las Vegas resort-casinos are stocked up on food, clothes, fresh laundry and more — have also been hit by the COVID-19 pandemic.
Everi Holdings Inc. and Scientific Games Corp. are on the verge of commercializing digital wallet products that could bring cashless gaming solutions to Nevada casinos.
Vici Properties Inc. reported a 19 percent increase in net revenue Thursday compared to last year, earning $255 million in the first quarter.
MGM’s Las Vegas Strip properties were among the worst hit, with a 21 percent dip in revenue compared to the 10 percent decline seen at regional properties.
The Las Vegas Convention and Visitors Authority confirmed what most tourism leaders already knew: The coronavirus devastated visitation to the city in March.
Scientific Games’ CEO Barry Cottle joins a growing list of gaming executives who are forfeiting pay during the pandemic.
While the timeline has been altered, experts remain confident Osaka — and other Japanese regions — will see integrated resorts in the near future.
Most Las Vegas gaming and tourism companies went from a 52-week high early this year to a 52-week low on March 18 with the closure of the state’s casinos.