Las Vegas hotel-casinos are offering midweek promotions to attract customers during off-peak travel times. (Las Vegas Review-Journal)
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Last week, Caesars Entertainment Corp. announced that it would reopen its fifth casino, Bally’s, this month. Meanwhile, Las Vegas Sands Corp. is set to close its Palazzo hotel tower on weekdays, limiting its available rooms for the majority of the week. The moves have sent mixed messages on just how many rooms resorts are filling in mid-July, a little over a month since reopening.
On May 22, the casino operator issued letters warning of possible impending layoffs . affecting anywhere between 25 and 60 percent of employees. The company had approximately 10,000 employees in Nevada.
The state Gaming Control Board on Tuesday reported a May casino win of $5.8 million, down 99.4 percent from May 2019.
Avi Resort & Casino plans to suspend all operations in its hotel and casino starting Monday at midnight through July 10.
Experts say smoking can spread the COVID-19 coronavirus. But not because of airborne particulates. The virus could spread from a smoker’s likely pattern of fingers-to-mouth-to-gaming-device. (Las Vegas Review-Journal)
Japan is getting ready to issue three highly coveted gaming licenses. The country’s gaming market is estimated to be worth more than $25 billion a year once resorts open in 2025. If the estimates stand up, Japan would become the second-largest gaming market in the world behind Chinese gaming enclave Macau. MGM and at least eight other companies had been vying for the Japanese licenses. In 2019 Las Vegas Sands Corp. and Wynn Resorts Ltd. turned their attention to other areas. Caesars Entertainment Corp. dropped out of the race altogether. MGM teamed up with Japanese financial services group Orix for its bid for a gaming license. MGM/Orix group was the only one to participate in the RFP process. “We think MGM is in a very good position in Osaka at this point” – Union Gaming analyst John DeCree (Las Vegas Review-Journal)
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
MGM Resorts International is planning to power Las Vegas Strip casinos using solar arrays. MGM Resorts is partnering with a Chicago-based renewable developer on a new 100-megawatt photovoltaic array set to go online in 2020, about 25 miles northeast of Las Vegas. The dedicated solar array will be capable of supplying up to 90 percent of daytime demand at the company’s 13 Las Vegas casinos. The array will consist of 336,000 solar panels capable of producing enough power for about 27,000 homes. Construction is slated to start next year, and is expected to employ about 350 people during construction . All of the electricity generated by the array will go to MGM Resorts under a 20-year agreement.
The Culinary union will ask Las Vegas casinos and hotels to supply guest room attendants with panic buttons amid national attention to the issue of workplace sexual harassment. The proposal is part of the union’s demands as it readies for talks for 50,000 of its 57,000 employees on a five-year contract with casinos next month, said Bethany Khan, a spokeswoman for Culinary Local 226. Panic buttons would allow guest room attendants to notify security if they are in an uncomfortable or threatening situation. The union will be renegotiating contracts with Caesars, MGM Resorts International and several downtown casinos starting in mid February.