With a number of positive trends emerging in recent weeks, gaming industry analysts are bullish on a speedy recovery in Las Vegas.
Mike Shoro
Former Business Reporter
The former Eldorado Casino reopened Thursday night for the first time as The Pass, marking the latest chapter in the history of the Water Street property.
Allied Esports Entertainment, Inc. announced plans to sell its World Poker Tour to Element Partners, LLC for a $105 million, an increase over their previously agreed-upon price of $90.5 million.
The Pass casino, formerly the Eldorado, opens its doors Thursday night under new owners, promising updated look, dining and gaming options.
It had been 415 days ago when the Hard Rock Hotel closed. On Thursday night, the doors reopened with several flourishes, including a new owner and casino operator and a fresh look.
Many former Hard Rock employees took Virgin Hotels Las Vegas up on its offer to “Stick Around and Come Back,” a program that allowed those employees to do just that.
It was a pandemic Friday night on the Strip, the first since casino capacity limits lifted from 35 percent to 50 percent.
Renovation projects at the Rio that will bring “multiple Hyatt full-service offerings to Las Vegas,” according to a news release.
The Tuesday opening marked a first for Derek Stevens’ Circa Sports brand. It also could attract a new set of customers for both Tuscany and Circa, a Tuscany executive said.
Derek Stevens, the owner of downtown Las Vegas’ newest resort Circa, envisions his sports-betting brand growing across Nevada and the rest of the country.
Crowds flooded the Strip on Saturday, just two days before casino capacity restrictions increase to 50 percent from 35 percent on Monday.
Nevada is close to launching a vaccination campaign from R&R Partners.
Eligibility is expanding. High-risk residents 55 and older could also receive doses at pharmacies statewide starting next week.
Las Vegas-based Everi Holdings LLC built off third-quarter growth and closed out 2020 “guardedly optimistic” for continued growth to start 2021.
The iconic Stardust name is returning to the casino business, this time as a pair of online casinos bearing the brand of the now-gone Strip resort.
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