Experts in Nevada’s gaming and tourism industries say Las Vegas is returning faster than many thought it might.
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Industry watchers say the Palms — recently sold to the San Manuel Band of Mission Indians for $650 million — holds opportunity to create future success stories.
U.S. commercial gaming surpassed $11 billion in revenue in the first quarter, matching the industry’s highest-ever quarterly total.
With a number of positive trends emerging in recent weeks, gaming industry analysts are bullish on a speedy recovery in Las Vegas.
The Nevada Gaming Control Board is pushing licensees to get workers vaccinated quickly, and they’re responding with some offering incentives like gift cards and paid time off.
Older gamblers have started to return to casinos as vaccines become more widespread.
New U.S. guidance on travel could drive more tourism to destinations like Las Vegas, experts say.
Reduced COVID cases, increases in vaccination numbers and the relaxation of restrictions are producing greater optimism that visitors will have fun in Las Vegas.
The testing protocols are meant to strengthen health and safety standards and assist tourists from states with strict travel restrictions, according to the companies.
Metrics like foot traffic, gaming revenue and occupancy rates in the Reno area are closing in on pre-pandemic levels ahead of Clark County.