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.
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Older gamblers have started to return to casinos as vaccines become more widespread.
The Fremont Street Experience drew thousands of people last year. It’s the second major Las Vegas Valley event designed to ring in the new year that will not happen.
After 78 days of silence, Las Vegas casinos will come back to life Thursday, welcoming back the gaming and tourism that serves as Nevada’s lifeblood.
Las Vegas’ jobless rate was by far the highest among major American cities in April, new data shows, underscoring the coronavirus pandemic’s financial carnage in Southern Nevada.
While many people in the industry may not feel much like celebrating these days, the U.S. Travel Association and the LVCVA plan to do just that this week.
It’s too early to know the financial impact of the cancellations, but last year the Las Vegas conventions and business meetings generated $6.3 billion of direct economic impact and about 6.6 million business travelers, according to a report from the Las Vegas Convention and Visitors Authority.
Flights between Las Vegas and South Korea are set to be suspended next week due to ongoing concerns regarding the coronavirus outbreak.
Inbound travel to the U.S. is expected to fall 6 percent over the next three months compared to the same period in 2019 amid the coronavirus outbreak, according to a Tuesday report from the U.S. Travel Association.