Will Vaccines in Las Vegas Help to Reboot the Economy?

Las Vegas Strip View

Las Vegas remains the hardest-hit city from an economic standpoint in the country. For nearly a year, officials here have been working hard to increase tourism rates in the safest way possible. Many now believe that with enough vaccines in Las Vegas, the city’s economy could quickly recover.

Analysts seem torn on what to expect this year. Some believe we’ll see major casino hubs experience huge increases in tourism and gambling revenue. Others feel we could continue the same trend set in March of last year.

Let’s take a look at how things could change in Las Vegas over the next 12 months.

Las Vegas Casinos Push to Increase Tourism Rates

Prior to 2020, Las Vegas was one of the most-visited cities in the United States. More than 40 million individuals visited the city every single year. Many of these tourists were international, coming in from all different parts of the world.

Beginning in March of last year, the tourism industry here came to a screeching halt. All of the casinos in this city were forced to shut down. Travel restrictions were implemented around the country and the Las Vegas International Airport closed down several of its concourses.

It wasn’t until June that the casinos in Las Vegas finally reopened. Over the next few months, tourism rates began to gradually increase in the city. The colder months approached and visitation numbers started to fall once again.

The year ended with significant drops in gaming revenue when compared to the same months in 2019. It’s an extremely difficult situation for the casinos in Las Vegas. Many have been forced to close down during the week to cut down on costs.

These casinos are still trying to boost their tourism rates. It’s proving to be extremely difficult. The country is in a difficult position right now and not many individuals are choosing to travel. It’s unclear when exactly things will begin getting back to normal.

Many are now speculating what will help the tourist situation here. There is one strategy that many feel will help things right now.

Calls to Increase Vaccines in Las Vegas Continue

Las Vegas is far from being the only city to see its tourism industry hurting right now. All major cities that rely on visitors are taking hits every single month. Even the top travel analysts are having a difficult time predicting when things will get back to the way things were in 2019.

There are many ways that city officials are working to increase tourism numbers. Travel deals and intense safety regulations are one way to achieve that goal. Of course, many people still have concerns over their health when considering travel.

The calls to increase vaccines in Las Vegas are ramping up right now. Most believe these are the key to increasing travel around the world. Getting casino workers vaccinated will also help the casino industry in the city deal with the current situation.

Governor Sisolak has approved a measure to add casino workers to the “prioritized” list of individuals for the vaccine. The goal is to set up to 45,000 vaccine shots a week for Las Vegas residents.

Virginia Valentine, president of the Nevada Resort Association, spoke about the benefits of seeing more vaccines in Las Vegas to the media this week.

“The more Nevadans are swiftly vaccinated, the sooner our transmission rates decrease across the community,” she said. “We believe this will provide peace of mind to visitors and influence their travel decisions against other communities where the rates of vaccination among front staff would be less certain.”

There are now many in the casino and tourism industry pushing to get this vaccine distribution plan up and running. It could help to significantly increase tourism rates throughout Nevada. We’ll continue offering more updates on this situation over the next few weeks!

Here’s What is Set to Open in Las Vegas This Year

Not everything is doom and gloom over in Sin City. Over the next 12 months, several incredible casino-resorts are preparing to open their doors here. Many are hoping these new properties will help to significantly boost tourism rates here.

The biggest and most-anticipated is Resorts World Las Vegas. This venue is set to open in the northern area of the Las Vegas Strip, across from the popular Wynn Las Vegas Casino-Resort. It’s the most expensive gambling venue ever built in the city.

More details about Resorts World have come out over the past few months. The owners of this venue are doing everything they can to make this the next-big-thing in Las Vegas. This venue will finally open its doors to the public this summer.

Many are also looking forward to seeing the Virgin Hotel-Casino. This is Virgin’s first foray into the casino industry. It is located where the former Hard Rock Hotel-Casino sat, not far from the Las Vegas Strip.

This Virgin hotel is expected to be one of the coolest new properties off the Strip. We’ve seen a large number of popular new hotel-casinos being built in different areas of Las Vegas lately. The Virgin property is delaying its opening date to a later day this year.

Hopefully, we’ll see more vaccines in Las Vegas over the next couple of months. Do you think this will help to increase tourism rates in the city? Let us know in the comments section below!

Plaza Las Vegas Officially Opens Wheel of Fortune Slot Area!

Casino Wheel of Fortune Slot Machine

Las Vegas casinos are still in recovery mode. Most of them are working to come up with new ways to increase their visitation numbers. New reports claim that the Plaza Las Vegas has officially opened up a new Wheel of Fortune slot area.

Wheel of Fortune slot games are extremely popular. Many feel they offer the best opportunities to cash out of any slot game available today. Today, we’ll talk about how the Plaza Las Vegas has expanded in recent months.

Let’s get into it!

Las Vegas Casino Revenue Dropped Considerably in November

Over the past ten months, we’ve been reporting on the casino revenue figures in Nevada. For months, casinos here were earning almost nothing. Finally, in June, the casino industry here began operating once again.

Things began to improve over the summer. For a time, it seemed as if the casinos in Las Vegas were on the road to a full recovery. As the colder months approached, however, tourism numbers dropped and gaming revenue plummeted.

We recently heard news on the revenue figures for the month of November. This month proved to be one of the toughest for Las Vegas casinos in recent history. Revenue during November of 2020 dropped by an astounding 32.5% when compared to the same month in 2019.

Each casino is dealing with this situation in its own way. Many have been forced to close down during the weekdays. Others are offering unique deals in an attempt to bring in more visitors. Unfortunately, it seems unlikely that things will get back to normal here any time soon.

More games are becoming available in Las Vegas casinos every single month. The casinos here are constantly trying to offer their players more gaming options. That includes the Plaza Las Vegas, one of the most popular gaming venues off the Las Vegas Strip.

The Plaza Hotel-Casino in Las Vegas has been dealing with major issues over the past year. It’s now offering an exciting new gaming area.

Plaza Las Vegas Reveals New Wheel of Fortune Slot Area

Las Vegas is filled with some of the world’s best casino-resorts. Many feel that the best ones are all located on the Las Vegas Strip. Others are adamant that Downtown Las Vegas is home to the best hotels and gambling venues.

The Downtown area has been expanding over the years. It’s here that the Plaza Las Vegas is located. This property is home to an 80,000 square foot gaming floor and a number of world-class restaurants. Like all other casinos, the Plaza has been struggling lately.

The owners of this venue are working to change things around. This week, news broke that the Plaza is set to feature a new Wheel of Fortune-branded slot area. This zone covers 2,900 square feet and is located in the heart of the casino floor.

Casey P. Adras, the Plaza Hotel & Casino Director of Slot Operations, recently spoke about the debut of this new gaming area to the media.

“When Plaza Casino guests enter our new Wheel of Fortune Slots Zone, it is immediately apparent that they’re in Las Vegas’ epicenter of Wheel of Fortune slots fun,” Casey said. “We’ve collaborated with IGT to create a compelling space that delivers an exceptional guest experience, features the most in-demand Wheel of Fortune games and embodies the jackpot-paying legacy of the iconic slots brand.”

The IGT Wheel of Fortune slot game is considered the most successful of all-time. Since the games debuted in casinos around 25 years ago, they have paid over $3 billion in jackpots. The Plaza Hotel-Casino will now be the first to feature an entire area dedicated to this game.

It’s an exciting moment for this property. We’ll be sure to offer more information on this gambling area over the next few months!

Las Vegas CES 2021 is Set to Begin Today

As most are aware, Las Vegas is home to many of the biggest trade shows in the world. One of the most popular ones is CES, hosted in the city every year. Unfortunately, the 2021 CES event in Las Vegas will be unlike any other in the past.

This year’s event is being hosted entirely online. No visitors are allowed at the event in Las Vegas. It’s a major change and one that is already having a major impact. The city has likely lost millions of dollars due to CES being live-streamed online.

The event officially begins today! It will conclude on January 14. Many small businesses are struggling with the lack of visitors surrounding this event. Most are now looking ahead at how things will look at this time next year.

No one really knows when major trade shows and conventions will begin again. Obviously, these are a major part of the Las Vegas economy. The next few months will tell a lot about how things will look over the next few years.

Places like the Plaza Las Vegas are doing everything they can to stay afloat. It will be interesting to see how popular the new Wheel of Fortune slot area becomes. Stay tuned for updates!

Are you excited about the Plaza’s new Wheel of Fortune gaming area? Let us know in the comments section below!

Las Vegas Sands to Throw Hat in SportsBetting Arena

Las Vegas Sands Casinos

Las Vegas Sands is making a push into sports betting. A report from Bloomberg last week said that its acting chief executive officer Robert Goldstein is in the early stages of private talks with potential partners in the sports betting industry.

The company has long operated a retail sportsbook at its Venetian and Palazzo casinos in Las Vegas. However, these were outsourced to Cantor Gaming which is now a part of William Hill US, which in turn was acquired by Sands’ rival Caesars Entertainment Inc.

One of the strongest Balance Sheets

Often praised by industry analysts as having one of the strongest balance sheets among peer casino operators, Las Vegas Sands has enough resources to become a big player in the sports betting industry. It has a market capitalization of $44.42B and if Adelson’s proposal to sell the Venetian, Palazzo, and Sands Convention Center in the Las Vegas Strip, that would potentially be another $6B of assets.

Las Vegas Sands is the biggest casino company in the world. However, it is the only United States-based casino operator which has not yet adopted a sports betting plan despite the U.S. sports betting market expanding rapidly since the U.S. Supreme Court repealed the Professional and Amateur Sports Protection Act of 1992 over two years ago.

Adelson’s Opposition to Online Gaming

Venturing into sports betting may mean embracing online gaming which has often come along with it. It can be recalled that Las Vegas Sands founder and longtime CEO Sheldon Adelson, who recently took a medical leave of absence, was always opposed to online gaming. The billionaire has always been among those who lobbied to prevent the legalization of online betting based on moral ground. Adelsen believed that online games like virtual slots made it very easy for players to lose money.

But like all the other casino operators, Las Vegas Sands is struggling to cope with the limitations brought about by the ongoing COVID-19 pandemic which has substantially affected the casino industry since March 2020. Even Sands’ properties outside the U.S. like Macau and Singapore are struggling with their bottom line figures. With no end to the pandemic yet in sight, online gaming has been viewed as one of the best ways for land-based casinos to diversify operations and generate more income.

Sheldon Adelson’s Health Forces Leave of Absence From LVS

Sheldon Adelson

Las Vegas Sands has been dealing with a variety of serious issues over the past year. To make things worse, the company’s founder and CEO is now in poor health. New reports indicate that Sheldon Adelson’s health problems have forced him to take a leave of absence from Las Vegas Sands.

There’s a lot happening with major Las Vegas casino companies right now. Today, we’ll talk about Adelson’s departure from LVS. We’ll also discuss some of the other plans that Las Vegas Sands has for the future.

Let’s get into it!

Las Vegas Sands Continues to Hint at Major Casino Sales

The city of Las Vegas is still struggling to bring in tourists. As a result, the casino companies here are seeing significantly lower revenue figures than they did in 2019. It’s a difficult situation that some feel will take years to fix.

Casino companies around the country have seen major drops in their monthly revenue figures. That includes Las Vegas Sands. As a result of these revenue drops, company officials have hinted towards selling some of their biggest venues in Las Vegas. That includes The Venetian and The Palazzo.

This announcement was surprising to hear. These two casino-resorts are some of the biggest and best in Las Vegas. Prior to 2020, these venues helped to bring Las Vegas Sands a huge amount of revenue every month.

It now seems this company no longer sees these venues as viable properties. There have been several other casino operators that expressed interest in taking control of these venues. As of now, Hard Rock International seems to be the most likely candidate.

Las Vegas Sands is clearly in a difficult situation. Unfortunately, CEO Sheldon Adelson is also dealing with serious health issues. These are now serious enough to force him out of his position as the leader of this company.

Adelson has been one of the most powerful men in the casino industry for years. We’re now beginning to hear more about the health problems that forced him away from the company.

Here’s What We Know About Sheldon Adelson’s Health Issues

Sheldon Adelson has been in the casino industry for decades. In recent years, reports began to circulate that he was dealing with serious health complications. He’s now 87 years old and some have questioned how long he would remain the leader of Las Vegas Sands.

This week, reports came out that shed more light on Sheldon Adelson’s health issues. It’s been confirmed that the CEO is now taking a leave of absence to undergo treatment for cancer. He “recently decided” to resume treatment for non-Hodgkin’s lymphoma.

Many knew that Sheldon was dealing with cancer. It wasn’t entirely clear how severe his case was, though. It’s now clear that things are serious enough to remove him from his position as the CEO of Las Vegas Sands.

Robert Goldstein will now take over as CEO of the company. He takes this position in one of the most difficult times in the company’s history. He and other officials will now need to further discuss the possibility of selling major Las Vegas properties.

Adelson is still optimistic about the future. Despite the difficulties, he feels that Las Vegas Sands will recover from the situation it finds itself in.

“Our properties in Las Vegas may be empty right now, but our hearts are full of hope for the future,” he said in a public statement late last year. 

Hope is that Adelson recovers soon. He played a big part in expanding the Las Vegas casino industry. We’ll continue offering updates on this situation over the next couple of months.

How Are Other Casino Companies Faring Right Now?

Las Vegas Sands is far from being the only company seeing its revenue figures drop. As we mentioned earlier, this is an issue that is affecting just about every major casino operator around the United States. Most analysts agree this is the hardest time in the history of the US casino industry.

Wynn Resorts has been seeing big dips in its revenue lately. Las Vegas isn’t entirely to blame for these issues. Wynn Resorts’ casinos in Massachusetts and Macau have also been losing money for the past ten months.

The Encore Boston Harbor was hugely successful in Massachusetts not long after opening. Beginning in March, however, this casino began to see massive revenue declines. There is now a fear that all of the casinos in Massachusetts could close down again in the near future.

MGM Resorts has also been experiencing huge drops in revenue. All of the company’s casinos in Las Vegas have been suffering lately. MGM Springfield in Massachusetts is hurting, too. This company recently had its worst-ever month since opening to the public.

The country’s land-based casino industry is hurting right now. Sheldon Adelson’s health issues are likely to take a toll on Las Vegas Sands. Hopefully, we begin to see things improve over the next couple of months.

Are you surprised to hear about Sheldon Adelson? How do you think this will impact Las Vegas Sands? Let us know in the comments section below!

Here’s What You Need to Know About CES 2021 in Las Vegas

CES Event Logo

The very first CES event took place in New York City in June of 1967. Since that time, this massive trade show has taken place every single year, attracting technology enthusiasts from around the world. As many are aware, CES 2021 in Las Vegas is scheduled to take place early next week.

This event will be unlike any other in history. The changes being made are taking a serious toll on the city of Las Vegas. Today, we’ll be discussing the details of this important trade show.

Let’s get into it!

The Convention Industry in Las Vegas Took a Major Hit in 2020

In March, something completely unprecedented happened in the city of Las Vegas. It was this month that all of the casinos in the city shut down. This had never happened in the history of Las Vegas and had an immediate, devastating effect.

Tourism came to a screeching halt. Several of the main concourses in the Las Vegas International Airport closed down. The major casino-resorts here started seeing their revenue fall extremely quickly.

Things never completely recovered here. Over the course of the year, gambling revenue and tourism rates fluctuated. They both remained far below what was seen in 2019, though. Some analysts feel it could be years before we see those levels again.

The convention industry here took a major hit this year, too. Officials have prohibited these types of large gatherings for the entire year. It’s resulted in a massive revenue drop for many companies that rely on these conventions.

Things are clearly difficult here. No one knows how things will look at this time next year. Interestingly, there are now events taking place here that are being hosted entirely online. That includes the popular CES trade show.

This year’s CES will be unlike any others in history, though. We’re now beginning to hear more about the situation surrounding the event.

More Information About CES 2021 in Las Vegas is Coming Out

Most people have heard of CES before. This massive event has been taking place since the 60s and has become a showcase for incredible new technological achievements. All of the recent CES events have been taking place in Las Vegas.

This year’s CES is also slated to take place in the city of Las Vegas. It will be different than the ones in the past, though. CES 2021 in Las Vegas is being hosted entirely online. No attendees will be allowed this year, costing the city millions.

Things are still expected to be exciting, though. Many of the world’s biggest tech companies including Samsung, LG, and Sony will all be showcasing new items. There are expected to be some massive new announcements made over the next few days.

CES is also known for showcasing some incredible robots. This year will be no different! We’ve already begun to hear about some of the robots expected to be featured this year. That includes the Coro-Bot, an “antivirus disinfection robot” created by Hills Engineering in South Korea.

AMD Technology is slated to be one of the main companies focused on this year. Dr. Lisa Su, a keynote speaker for AMD, spoke about the company’s appearance at CES to the media this week.

“AMD technology is at the heart of some of today’s most popular consumer products and services,” Su said. “As we push the envelope on performance, we expand what is possible in personal computing, gaming and online services and experiences. I look forward to sharing exciting new technology developments at CES 2021, and what it will mean to the way we live, work, learn and play.”

CES 2021 in Las Vegas will run from January 11 to 14. Tickets for the virtual event are now being offered online. It will certainly be different, yet should still be a big hit with tech fans around the world.

Las Vegas Casinos Are Still Working to Promote Tourism

2020 proved that Las Vegas is a city that relies on tourism. For many months out of the year, the tourism industry here was almost non-existent. There is reason to be excited about the city next year and some analysts predict a major turnaround.

With effective vaccine distribution, travel could resume around the country. Many people will be looking for a vacation in major gambling hubs such as Las Vegas. Many of the biggest casino companies here are now working hard to promote trips later in the year.

We’re seeing an increase in Las Vegas deals popping up right now. That includes discounted room rates and show tickets. Casinos realize that these deals could be instrumental in getting the tourism industry back up and running.

No one really knows what to expect this year. Being optimistic certainly helps, though. If all goes according to plan, major gambling hubs like Las Vegas could find themselves in an even better position than they were in 2019.

CES 2021 in Las Vegas is just around the corner! Online attendees will have the opportunity to see some of the coolest new technological achievements. Stay tuned for a recap of the event after it concludes!

Do you plan to buy a ticket for the CES event this year? Which company are you most excited to see? Let us know in the comments section below!

MGM Offers to Buy UK Gambling Group for $11B

Odds Board and Money

MGM Resorts International has made an $11B offer to buy Entain, the U.K. gambling group that owns the British brand Ladbrokes.

According to Entain, it received an £8.09 billion takeover proposal from MGM. The offer represents a 22% premium over the company’s closing price as of December 31st but it added that the offer “significantly undervalues” the company’s shares and its prospects.

Full Control of U.S. Venture

In a statement released on Monday, Entain said that its board has asked MGM to provide additional information in respect of the strategic rationale for a combination of the two companies. Under the proposal, Entain said that its investors would exchange stock for 0.6 of a share of MGM and would hold about 42% of the merged business.

A consolidation would give MGM full control of its U.S. venture with Entain. The two gambling companies are joint owners BetMGM, an online sports betting entity which operates in more than one dozen U.S. states. Entain, whose other brands include Eurobet and SportingBet, operates both retail and online businesses.

The proposed merger comes at a time when the U.S. legal sports betting market is seeing a dramatic growth. According to a separate statement from MGM Resorts International, the takeover would expand and diversify the company’s operations, product offerings, and earnings.

Sports Betting Boom

The online sports betting industry in the United States has experienced a boom since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act in 2018. That decision paved the way for the legalization of sports betting in the U.S. and since then, a significant number of states have opened their doors to legal sports betting. With the pandemic forcing casinos and betting shops to close or operate at a limited capacity, online gambling has accelerated even more.

Per the consulting firm Vixio Gambling Compliance, the U.S. legal sports betting market is expected to quintuple to $8.24B in size in 2024. This year alone, the American Gaming Association expects 13% American adults or 35 million people to place wagers on the NFL alone.

With these developments, the U.S. legal sports betting industry has seen the consolidation of some major players. Caesars announced last September that it was buying William Hill. Flutter Entertainment, the owners of Paddy Power, Betfair, and Pokerstars, recently increased its stake in FanDuel. Meanwhile, shares of DraftKings have soared since an initial public offering last April.

Caesars’ Clears Antitrust Period For William Hill Takeover

Caesars Entertainment Logo
Caesars Entertainment announced on Monday that it has cleared the federal anti-trust waiting period for its pending $3.7B purchase of U.K. based online bookmaker William Hill.

The waiting period is a period of time when mergers and acquisitions are examined for potential antitrust issues and conflicts. It is also a requirement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. On Monday, the Las Vegas based gambling operator announced the early termination of that waiting period effective December 28, 2020. In a statement, Caesars also said:

“Caesars continues to progress through obtaining all necessary regulatory approvals required to close the transaction and is still aiming to complete the proposed combination in March 2021.”

Pending Approvals

Caesars Entertainment also revealed on Monday that both the Mississippi Gaming Commission and the West Virginia Lottery have signed off on the petition on November 19 and December 16, respectively.

However, approvals need to be obtained from the remaining gaming commissions of Indiana, Nevada, New Jersey, and Pennsylvania. Similarly, the transaction also requires the approval of the English High Court as well as administrative and post-closing approvals from other U.S. agencies.

Shareholders Approval

Just over a month ago, William Hill shareholders voted to approve its takeover by Caesars Entertainment. 86%of the votes cast were in favor of the $3.7B merger. The shareholders of the British firm accepted the recommended 272p cash offer from Caesars by the requisite majorities, subject to the remaining outstanding regulatory conditions and final approval of the English Court.

William Hill US has more than 170 retail locations across 13 U.S. states and owns 29% of the market share in the United States sports betting industry. Analysts estimate that the merger could add some $2.5B in equity to Caesars which operates a total of 54 gaming properties across 16 states. It currently owns 20% of William Hill USA as a result of a previous deal.

LV Gaming Revenue for November Has Just Been Revealed!

Las Vegas Strip View

Las Vegas has been struggling to increase tourism numbers for nearly all of 2020. Things seemed to be improving over the summer, yet the colder months have resulted in another massive dip in tourism figures. This week, new reports on LV gaming revenue for November were officially released!

As most predicted, revenue figures are down once again. In fact, November has proven to be one of the toughest months thus far in 2020. Today, we’ll take a close look at the reports released this week.

Here’s what you need to know!

Las Vegas Casino Officials Remain Optimistic for 2021

The city of Las Vegas is one that relies on tourism in a massive way. This is the true entertainment capital of the United States and is home to many of the biggest, most expensive casino-resorts on the planet. Before March, many analysts expected 2020 to be one of the best years for this city to date.

The opposite turned out to be true. Beginning in March, all of the major casino-resorts in Las Vegas closed their doors. It was an unprecedented situation that ended up having a devastating effect on the city’s economy.

With casinos closed, tourism into the city came to a screeching halt. This led major casino companies to layoff thousands of their employees. It was a snowball effect that is still plaguing Las Vegas to this day.

There’s reason to be optimistic, though. With vaccines rolling out around the country, many major Las Vegas casino companies expect 2021 to be a hugely successful year. That includes Derek Stevens, owner of many popular Downtown Las Vegas casinos including the brand-new Circa Casino-Resort.

Stevens believes that many will be looking forward to a much-needed vacation next year. Las Vegas might be the perfect place for many to escape. It might be wishful thinking, yet this is exactly what the casino companies in this city are gearing up for.

For now, though, things remain far from ideal. We’re just beginning to hear how much money the casinos in this city brought in during the month of November.

Here’s Where LV Gaming Revenue for November Stands

As we just mentioned, things began to quickly improve in Las Vegas over the summer. Tourism rates went up and casinos began offering unique deals to bring in more guests. The good times only lasted for so long, though.

Things began to take a turn as fall drew closer. Health experts warned that the colder months would end up making the pandemic significantly worse. As expected, Las Vegas once again began seeing a major drop in tourism and gambling revenue.

This week, the Nevada Gaming Control Board released reports on how LV gaming revenue for November stands. According to these reports, gaming win for the state dropped by 17.8% last month when compared to October. It also saw a drop of 21.6% compared to November of 2019.

Clark County managed to bring in just $639.8 million during the month of November. The Las Vegas Strip, usually the highest-earning area of Las Vegas, brought in just $349.8 million in November. That represents a massive 32.5% decrease.

Las Vegas has actually been slower to recover than many other casino destinations around the United States. Some areas, such as Maryland and Colorado, have seen relatively low drops in casino revenue. Las Vegas, unfortunately, has been slow to recover.

Many believe that December will end up being an even worse month. We’ll be sure to report on the revenue situation here once new reports are released!

Atlantic City Also Sees Major Revenue Drops

Las Vegas remains the biggest gambling hub on the west coast. Over in the eastern part of the United States, however, Atlantic City is the top spot for casino gamblers. Like Las Vegas, this New Jersey city has been suffering greatly throughout the year.

Revenue has been dropping here almost every single month this year. There’s one big difference to Las Vegas, though. That is the ability for casino operators in Atlantic City to offer internet gambling options.

This has proven to be extremely valuable to these companies. With most residents stuck at home, having a regulated online casino industry is priceless right now. It’s far from perfect, yet this city seems to be faring slightly better than many other major gaming hubs.

In November, gaming revenue dropped by 10% in Atlantic City. The casinos here managed to bring in just $260.86 million over the month. Some fear that New Jersey Governor Phil Murphy may soon order another shutdown of the casinos here.

Things are moving fast here. Not long ago, officials in Atlantic City finally ordered the demolition of the Trump Plaza Hotel-Casino. It’s been a long time coming. Interestingly, the city is allowing individuals to bid on the demolition of this property. We’ll be sure to offer updates on who ends up receiving the right to tear this property down over the next few months!

Are you surprised to hear that LV gaming revenue for November has dropped again? Let us know in the comments section below!

Circa Casino is Opening More Amenities to Guests!

Circa Las Vegas

There have been some fantastic new casinos that recently opened their doors in Las Vegas. Circa Casino might be the most exciting one in decades. New reports claim that this incredible new Downtown casino-resort has finally decided to open some of its amenities for visitors during New Year’s Eve!

It’s exciting news for visitors to this city. New Year’s Eve will be considerably different here this year. There’s still something to look forward to, though. Today, we’ll discuss some of Circa’s big upcoming plans!

Let’s check it out.

Midweek Hotel-Casino Closures Continue in Las Vegas

We’ve seen a huge number of the biggest casinos across the United States shut down recently. Some of this has been state-ordered. Over in Illinois, for example, officials have forced commercial casinos to close their doors until further notice.

In other cases, casinos are choosing to close their doors on their own. Major casino hubs such as Las Vegas have been seeing major drops in revenue over the past nine months. Consistent drops in tourism seem to be to blame here.

Some of the biggest casinos have recently announced midweek closures. That includes The Palazzo, operated by Las Vegas Sands. The owners of this property have been claiming that this venue has seen large drops in visitors recently. As a result, it’s closing its doors from Monday to Wednesday evening.

Mirage Las Vegas is also deciding to take this step. This property has just revealed that it will soon close all of its operations between Monday and Wednesday. This measure will remain in place until further notice.

Downtown Las Vegas is still seeing drops in its visitor rates. This appears to be getting worse as the winter continues. It’s tough news for Circa Casino-Resort, the newest gambling venue to open its doors in this area of the city.

There are some big changes being made at this property recently. It appears the owners are ramping things up for New Year’s Eve weekend!

Here’s a Look at What is Happening With Circa Casino Right Now

There’s a good chance you’ve heard of Circa Las Vegas over the years. This casino has been under construction for years and was expected to be one of the best new venues in the city. Finally, in late October, this gambling venue opened its doors to the public.

It wasn’t the grand opening that the owners had hoped for. Las Vegas continues to see major drops in tourism. Hope was that this venue would immediately bring in massive amounts of revenue and help to bring more tourists to the Downtown area of Las Vegas.

This casino-resort hasn’t completely opened up. In fact, some of the amenities have remained closed to the public since the property began accepting guests. New reports claim that is about to change, though.

Reports have just surfaced claiming that the tallest Circa hotel tower north of the Strip is about to open to the public. This gives guests incredible views of the Las Vegas valley. Derek Stevens, one of the owners of this property, spoke about his excitement with this project to the media this week.

“This project is clearly my largest project that my brother and I have been involved with, and I think it’s even more special with what’s happening in 2020 because we’re in a community that needs jobs and when I had the opportunity to meet some of the different divisions, our table divisions, slot division, bartenders, it’s amazing to see how much emotion is coming out when they can get back to work,” he said. 

Many have been eagerly waiting for Circa Las Vegas to open its largest tower. Soon, the more than 500 rooms here will become available to stay in. The new rooftop lounge will also be open prior to New Year’s Eve. Stay tuned for more news on Circa over the next couple of weeks!

What’s Happening With Resorts World Las Vegas?

For years, there’s been an incredible amount of hype placed on Resorts World Las Vegas. This property has been in the works for years and is now expected to open in the summer of 2021. It’s the most expensive casino-resort ever built in the city.

Interestingly, not many analysts have been talking about this property recently. Resorts World could have never predicted the state of the US casino industry right now. It’s a difficult situation for a brand new casino-resort to be in.

There’s reason to be excited, though. Some believe that 2021 could end up being a very successful year for Las Vegas. With the effective distribution of vaccines, many people around the country are going to want to travel. This could result in an economic boom for major entertainment hubs.

Resorts World would benefit greatly from this situation. This venue cost billions to construct and is expected to be unlike any other casino ever built in the city.

Circa Casino would also benefit from a massive surge in tourism next year. This property could help to transform the way people see the Downtown area.

Are you excited to see more of Circa opening up? When do you plan on visiting Las Vegas next? Let us know in the comments section below!

Mirage Las Vegas Will Soon be Closed During the Week

Mirage Las Vegas

Las Vegas continues to see low tourism and casino revenue numbers. As a result, many of its biggest and best casino-resorts have been forced to close their doors for days at a time. News has just surfaced that Mirage Las Vegas has decided to close between Monday and Wednesday.

This is something new for the city of Las Vegas. Casinos are doing everything they can to cut down on costs while tourism drops. Today, we’re going to talk about what is happening with Mirage Casino-Resort.

Let’s get into it!

Las Vegas Officials Continue to Promote Tourism

Las Vegas is a city that relies heavily on its tourism industry. Visitors here are the ones keeping casinos and many other businesses afloat. Unfortunately, the tourism industry in this city has been devastated by the events unfolding this year.

A recent report by KLAS claims that tourism numbers slightly increased during October. That doesn’t mean things are perfect. Tourism rates during that month were still 50% lower than they were in October of 2019.

Things are expected to be even bleaker during the month of November. Many states began implementing intense travel restrictions last month. Infections began to skyrocket around the country in November, too.

This isn’t stopping officials in the city from promoting tourism. Local leaders have been working hard to bring in visitors in the safest way possible. They want visitors to come, as long as they are willing to abide by the safety regulations set in place.

New Year’s Eve is generally a very popular time to visit Las Vegas. Unfortunately, this year’s celebrations will be considerably different than what was seen in the past. Hundreds of thousands usually make the trip to Sin City for this holiday. Only a fraction of that number is expected to visit this year.

Casino companies continue to feel the effects of these regulations. Many are implementing new measures to lower their overall costs. That includes Mirage, one of the most popular gambling venues in the city!

Mirage Las Vegas Announces Mid-Week Closures

Las Vegas is home to many of the biggest and best casino-resorts in the world. Throughout the year, all of these venues have seen massive drops in their overall revenue figures. Some have chosen to close their doors during the week to help cut down on costs.

That includes Mirage Las Vegas, which has just announced that it is indefinitely closing all of its operations from Monday to Wednesday. This news comes directly from a new statement by MGM Resorts International. Beginning on January 4, the casino, restaurants, and hotel will all close their doors mid-week.

“With weekday business levels remaining low due to COVID-19 and the restrictions on group gatherings, we have made the decision to temporarily close The Mirage Monday – Wednesday,” a spokesperson for the company said. “This closure will include the casino, hotel and restaurants, in addition to all other amenities.”

This isn’t entirely surprising news to hear. Mirage, like all other casinos, has seen a steady decrease in its visitation numbers. This new move is expected to help the venue cover the cost of this drop in hotel guests and gamblers.

We are likely to see more of this news appear over the next few weeks. No one expects tourism rates in Las Vegas to immediately increase. It will likely be years before things here are back to the way they were in 2019.

This time of the year tends to bring a huge number of visitors to the city. That is unlikely to be the case in 2020. Interestingly, the city is planning a massive virtual celebration that everyone can enjoy.

More Details on the Virtual Las Vegas NYE Celebration Are Out!

This has been a year unlike almost any other in history. Health experts are warning against getting together and travel is highly unadvised. As a result, New Year’s Eve is expected to be significantly different than it has been in recent years.

Like we mentioned earlier, Las Vegas is used to seeing hundreds of thousands of visitors during New Year’s Eve weekend. Las Vegas will likely see an increase in visitors this holiday season, yet most feel it will be far lower than what has been seen in years prior.

That doesn’t mean you can’t take part in the festivities! The Las Vegas Convention and Visitors Authority has announced that it plans to launch a virtual celebration for the holiday. This will feature counting down to 2021.

Those that decide to make the trip to Las Vegas can still enjoy some festivities. The Plaza Hotel and Casino has announced that it is set to put on a major fireworks show in Downtown Las Vegas.

The famous Fremont Street event has been canceled. Approximately 10,000 people were expected to attend this celebration. Mayor Goodman is hoping that these anticipated events can resume next year.

Are you surprised to see Mirage Las Vegas close during the week? Do you plan to visit Las Vegas anytime soon? Let us know in the comments section below!