MGM Resorts International and Caesars Entertainment Corp. on Tuesday announced reopening plans that will expand hotel and casino capacity in the city.
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MGM Resorts International said Tuesday it plans to reopen its Southern Nevada resort properties by early June and released a seven-point safety plan. (Las Vegas Review-Journal)
MGM expects to see “weakened demand” at its properties with reduced domestic and international travel restrictions, consumer fears and reduced consumer discretionary spending. (Michael Quine/Las Vegas Review-Journal)
Nevada Governor Steve Sisolak’s 30 day nonessential business closure shuts down 440 licensed casinos and leaves tens of thousands of employees out of work.
MGM Resorts International is selling the Bellagio property and leasing it back. This move gives the casino operator a cash infusion of more than $4 billion.MGM announced Tuesday that it reached a deal with New York financial giant The Blackstone Group.
The Las Vegas Strip turned off the lights for one hour to recognize Earth Hour.