Resorts World Las Vegas

Vegas Casino Recovery Will be Slow and Measured

Many people are wondering how Las Vegas casino recovery will work after the pandemic. After all, the gaming industry in Nevada has faced numerous challenges over the past several years, including the Recession of 2008 and travel disruptions from the September 11th, 2001 terrorist attacks. However, since last month nearly 1,000 commercial casinos and Indian gaming properties in 43 states have been shut down completely. This is new territory. Nevada Governor Steve Sisolak has ordered social distancing guidelines and closed the states casinos and nonessential businesses to try to slow the Coronavirus. That order ends April 30, but most analysts…

Vegas Workers Won’t Be Coronavirus Guinea Pigs

Las Vegas workers are pushing back after their mayor, Carolyn Goodman, recently said that she wanted to reopen the Strip and convention centers before her city ‘dies’. It would seem that employees in Vegas do not share her enthusiasm for putting themselves on the front lines while the pandemic is still not fully under control in Nevada. “We’re not test subjects,” said Alexander Acosta, a banquet bartender with the Caesar Forum Conference Center, NBC News reported. “We’re people. We are employees.” Plans have been drawn up by leadership at Wynn Resorts and MGM, but Mayor Goodman has gone a step…

Wynn CEO Wants Las Vegas Strip Open in May

The head-honcho at Wynn Resorts says he wants to see the Las Vegas Strip open in early May… at least partially. Matt Maddox said that some resorts should open next month with “reduced occupancy” and various social distancing and sanitation protocols. Nevada Governor Steve Sisolak order all casinos closed for 30 days due to Coronavirus health concerns in mid-March. He later extended the closure end the end of April. It’s expected that Sisolak will reveal more about any potential plans for reopening later this week. While Maddox said he believes Nevada is “well-positioned” relative to other states with an eye…

The Push for a Las Vegas Reopen Date

The push for a specific date on a Las Vegas reopen has begun! Some casino operators want to open their doors in May, but Las Vegas Mayor Carolyn Goodman wants it done yesterday! But what would happen if we had a Las Vegas reopen tomorrow? We also cover news from Tribal Gaming as they deal with the Coronavirus closures, and say ‘thank you’ to an unlikely person. Hello friends! And welcome to week six of this global lockdown, shelter-in-place, end of the world pandemic we’re calling the Coronavirus! And I must say, I’m a bit disappointed. I mean we were…

Tribal Casino Closures Lose 300k Jobs and $4 Billion

We knew that Tribal casino closures were taking a tremendous toll on people and the economy, and now we have the numbers. The Coronavirus has put nearly 300,000 people employed by Tribal gaming out of work at a cost of over $4 billion in lost revenue. Meister Economic Consulting stated that following just the two week full closure of tribal casinos that $4.4 billion was lost in economic activity. That figure includes $969 million in lost wages, and $631 million in lost taxes and revenue sharing received by federal, state, and local governments. The stoppage of business also directly impacted…

Casino Players May Not Rush Back After Virus

There is no doubt that people are tired of being locked in their homes, but will casino players be willing to storm the doors when Las Vegas, Atlantic City and Tribal gaming open up again? Maybe not. A recent study of over a hundred slot and table game players in New Jersey found that only one out of ten plan to return as soon as casinos open. Most of them plan to proceed with some degree of caution. One stated they were “…ready to head back to the casinos, but I plan to wait a few weeks after the re-openings…