Travel spending, including on transportation, hotels and attractions, is projected to fall by $355 billion this year, the group said.
The Strip
Your trusted Las Vegas Strip news source. Discover local updates, breaking news and headlines for the Las Vegas Strip here.
Employees will continue to receive benefits and pay during the closure, which is set to last through at least March 31.
Rates for hotel rooms during the upcoming NFL draft were already sliding last week as Las Vegas and other cities shut down to contain the spreading coronavirus.
MGM Resorts International is selling the Bellagio property and leasing it back, giving the casino operator a cash infusion of more than $4 billion.
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.
The former Fontainebleau — the blue-tinted tower that has blighted the Strip for a decade — is slated to open as the Drew in the second quarter of 2022.
It marks a rare real estate deal for the sleepy southern edge of the Strip and carries an unusual backstory, as the late owner — without his estranged wife’s knowledge — allegedly transferred the motel’s ownership to a trust he had formed with his mistress, according to court documents.
1
2
3
4
5
Eagles’ Sphere strategy: High prices, high expectations
Turmoil for M Resort owner Penn could affect Las Vegas-based Boyd Gaming
Why is Mesquite growing so fast?
Family owners of beloved Vegas restaurant involved in wild lawsuit
Report: Pending free agent says he will not re-sign with Knights