Furloughs at Caesars Entertainment Corp. are expected to impact roughly 90 percent of its employees at its domestic-owned properties, as well as corporate staff.
Casinos & Gaming
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Coronavirus quarantines and border restrictions are continuing to take their toll on casinos in Macao with March gross gaming revenue down 79.7% and the quarter off 60%.
Casino industry analysts say the coronavirus outbreak won’t kill the merger deal between Eldorado Resorts and Caesars Entertainment, but the delay could up the price tag.
Blackjack may not have a world tournament like poker, or even the highest Clark County win amount like baccarat, but it does get its own holiday.
While most of Wall Street started to bounce back Monday after the plunge markets took last week, many local casino operators’ shares continued to drop.
Las Vegas-based Everi Holdings had record revenue and cash flow in the fourth quarter and anticipates no problems delivering casino products in upcoming quarters.
A Las Vegas player had an extra day in February to celebrate a jackpot.
Slot machines at Four Queens were still not fully operational as of midday Monday in a five-day malfunction that caused nearly every slot machine to be out of service.
The Macao government’s decision to close casinos for 15 days to slow the spread of the coronavirus resulted in a huge revenue drop during the month of Chinese New Year.
After reporting positive third quarter earnings, International Game Technology revealed Monday that its executive vice president and chief financial officer has resigned.
Jennifer Roberts has been a fixture in Nevada gaming regulation and at UNLV, but is now heading to Tennessee to head that state’s new sports wagering operation.
After leaving resort fees steady for more than a year, MGM Resorts International has increased them at Aria, Vdara and Bellagio.
If all went according to plan, visitors — by now — would see an arena with a retractable roof and a five-star hotel developed by ex-NBA player Jackie Robinson on the Las Vegas Strip.
Las Vegas resorts are packed with guests, and the economy is on strong footing. But hotel-casino construction has had a spotty track record since the recession.
Matt Wilson, the former president and managing director of Aristocrat Americas, is slated to join Scientific Games sometime next year.
