Analysts have estimated the closures will cause the 41 casinos to lose $1 billion. The government said it intends to distribute $1.24 billion to businesses affected by the shutdown.
Casinos & Gaming
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After the second full day of a shutdown in Macao, the normally bustling streets were empty and stock shares for Las Vegas Sands, Wynn Resorts and MGM Resorts were down.
Macao will shut almost all businesses, including casinos, for a week starting Monday as a COVID-19 outbreak showed few signs of abating, Macao Daily reported.
Leaders across the country say the end of COVID-19 testing for passengers arriving in the United States from overseas should increase visitation and spending.
Slot machine manufacturers have made their products flashier and combined with pent-up demand resulting from the pandemic, revenue records have been falling since 2021.
Las Vegas casinos moved swiftly after Gov. Steve Sisolak announced the immediate end of Nevada’s indoor mask mandate Thursday morning, taking down signs that had stood as a reminder to guests to keep their faces covered.
With COVID-19 infections on the rise as a result of the omicron variant and thousands of people expected for New Year’s Eve celebrations, agents will step up inspections.
The company will soon require unvaccinated hourly employees to pay $38 for each on-site COVID-19 test, and those who don’t comply will not be allowed to work.
MGM CEO Bill Hornbuckle said Monday that just 90 out of more than 6,000 workers affected by the company’s mandatory vaccine policy left the company rather than get the COVID-19 vaccine.
MGM Resorts International and Westgate implemented new policies in recent months that require some employees to be vaccinated. Both policies took effect Friday.
A new policy took effect Monday that requires COVID-19 vaccination as a condition of employment for all new hires, Resorts World said in a statement.
G2E, also known as the Global Gaming Expo, is the latest trade show to impose a vaccination rule ahead of its in-person return.
A Carson City tavern, The Timbers, received its second complaint from the Nevada Gaming Control Board for failing to enforce Gov. Sisolak’s coronavirus mask mandate.
MGM Resorts International will soon require COVID-19 vaccines for all new hires and current salaried employees across the U.S.
Caesars Entertainment brought in $2.5 billion in net revenues during the quarter ending June 30, nearly 20 times what the company generated in the same period of 2020, officials shared during earnings call.