Business rebounded after the removal of restrictions by the Chinese central government on Jan. 8 and Chinese New Year celebrations.
Casinos & Gaming
For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.
Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.
October was an improved but overall subpar revenue month for the only place in China where gambling is legal.
A new policy to open borders in Macao has provided hope that the long period of slumping gaming revenue there is a thing of the past.
Analysts aren’t convinced there will be a tourism and revenue rebound anytime soon even though casinos have reopened and some restrictions are being lifted Tuesday.
While lockdowns end in Shanghai, Macao’s May gaming revenue continued its slide in 2022 with revenue at 41 casinos declining by 68 percent from last year.
China’s COVID-19 policies have hindered visitation, which affects properties controlled by Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International.
Experts say there are many hurdles to clear to improve the integrity of esports against match-fixers, cheaters and doping before betting on games should expand.
Billions of dollars in resort, entertainment and transportation construction projects are anticipated by the LVCVA, which issued a bulletin detailing the projects list.
IGT executives already are concerned about the impact of the omicron variant in certain markets, labor shortages, increases in supply-chain pressure and cost inflation.
Casinos in the Chinese enclave are hoping for 20,000 tourists a day for the Chinese Lunar New Year that began Tuesday as the COVID-19 pandemic continues to affect Macao.
Measures to halt COVID-19 spread were behind the 40 percent year-over-year decline, analysts say.
With an ownership change of The Venetian, Palazzo and Sands Expo Center coming soon, Las Vegas Sands Corp. begins the transition with The Venetian Expo.
Bally’s Corp.’s casino at Lake Tahoe is shutting down operations due to the oncoming Caldor Fire, but the hotel will continue to house firefighters and emergency workers.
A Nevada Gaming Control Board report last week showed how much slot machines kept and how much was paid back to players. Will that help you decide where to play?