Most Las Vegas gaming and tourism companies went from a 52-week high early this year to a 52-week low on March 18 with the closure of the state’s casinos.
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It used to be that casino CEOs might do a promotional video or appear on camera to promote a resort. Nowadays, it’s more about reassuring employees.
In what will be the last big total for gaming win and taxes collected for a while, the state’s casinos exceeded the $1 billion win level for the third straight month in February.
The American Gaming Association on Saturday said 910 casinos — 92 percent of the total nationwide — have closed their doors in a bid to slow the spread of the virus.
Silverton CEO Craig Cavileer said the property has stayed in compliance with shutdown protocols for the hotel-casino while keeping the 150-room Hyatt Place open.
In a statistics-heavy appeal to the state’s six congressional representatives and senators, association President and CEO Virginia Valentine explained that Nevada would be hurt more than any other state because of its dependence on tourism.
R&R Partners principle Bill Vassiliadis has seen shutdowns and downturns before and expects Las Vegas to come back strong once the coronavirus measures are over.
Hotel-casino employees worked toward complying with Gov. Steve Sisolak’s move to close all nonessential Nevada businesses for 30 days in an effort to curb the spread of COVID-19.
For at least the next 30 days, casinos on the Las Vegas Strip and across Nevada will sit empty. No tourists. No jackpots. No entertainment. No buffets.
St. Patrick’s Day revelers at Rock & Reilly’s pub watched Gov. Steve Sisolak’s news conference announcing the 30-day closure of casinos and other nonessential business. After the conference, REM’s “It’s the End of the World as We Know it” played at the pub.