Planet Hollywood’s Opening Date is Finally Revealed!

It’s been more than six months since all of the casinos in Las Vegas shut down. Most of them have since reopened. New reports surfaced this week that finally reveal Planet Hollywood’s opening date.Planet Hollywood Las Vegas Casino Logo

This is one of the last major casino-resorts on the Las Vegas Strip to open its doors. Many are excited to see this property operational again. Today, we’re going to talk about when this venue will start accepting guests again.

Let’s get into it!

Las Vegas Casinos Struggle to Attract Tourists

Our team has been covering the fluctuating tourism rates in Las Vegas for months. It’s been a real struggle for the city’s gambling venues to bring in new players. Even with almost all casinos now reopened, the city is still seeing huge drops in overall tourism.

There are many reasons why that is. Obviously, the pandemic has made crippled the travel industry around the country. Most people around the US are unwilling to fly and gamble in Las Vegas at a time like this.

Many are also concerned with the rise in crime on the Las Vegas Strip. There have been a number of shootings in this area of the city over the past few months. Once took place this weekend directly next to The Flamingo Hotel-Casino.

All casinos now open in this city are implementing strict safety measures. Masks are required, plexiglass barriers separate players and dealers, and slot machines are now places farther apart from each other. These measures have also contributed to a drop in tourism.

No one knows when things will completely return to normal here. Some feel they never will. That isn’t stopping the major casino-resorts in this city from opening back up, though. Soon, one of the most popular venues on the Strip will finally open its doors again.

Here’s what we know about this situation.

Here’s an Update on Planet Hollywood’s Opening Date

There are a huge number of world-class gambling venues in Las Vegas. Most of the best ones can be found on the Las Vegas Strip. It’s in this part of the city that visitors will find The Bellagio, The Cosmopolitan, and The Venetian.

For months, all of the casinos here were shut down. Beginning in June, these properties were able to open their doors again. One that has remained closed since March is Planet Hollywood Las Vegas, one of the most popular properties in the city.

It’s now been confirmed that Planet Hollywood’s opening date is scheduled for October 8th. Starting on this day, the hotel will accept reservations during weekends. The gaming floor at this property will remain open 24/7.

Many gambling fans are happy to hear that this property will soon be up and running again. It’s interesting to hear that the hotel will only accept guests over the weekends. That is likely to change as the weeks go on.

Many of the restaurants inside this hotel-casino will open on October 8th. All guests here will be required to wear masks and social distance as much as possible. We’ll hear more about the specific safety measures set in place here over the next couple of days.

Circa Las Vegas is Just Weeks Away From Reopening

As we already mentioned, the Las Vegas Strip is home to some of the best casino-resorts in the world. In recent years, however, Downtown Las Vegas has grown to become a major tourist destination, as well. There are some great, new casinos now operating in this area of the city.

Circa Las Vegas is expected to be one of the best new properties in all of Las Vegas. It features a massive gaming floor and a number of luxury suites. Circa will also feature perhaps the best resort-style gaming floor in the entire city.

Many felt this venue would have already opened by now. For obvious reasons, its grand opening has been delayed for months. New reports have finally surfaced that show this new casino-resort will open its doors on October 28th.

The owners of this property hope its opening will help to boost tourism rates in the city. It does seem that more people are slowly beginning to flock to the city. Some fear that things could regress as the winter months approach, though.

Many health experts predict cases of Covid-19 will begin to surge when the colder weather approaches. That already seems to be true in certain areas of the country. That could spell trouble for the casinos currently operating in Las Vegas.

Planet Hollywood’s opening date has been confirmed for October 8th. Are you excited to hear this venue is opening? Let us know in the comments section below!

William Hill Receives Offer from Caesars and Apollo For a Potential Takeover

Caesars Entertainment
William Hill Plc announced last Friday that it has received separate offers from Caesars Entertainment Inc. and Apollo Global Management Inc. for a potential takeover.

The U.K.-based sports betting company said that talks on the two different cash proposals are ongoing but added that it remains uncertain if there will be a formal offer presented. William Hill said in a statement that both Apollo and Caesars have until October 23rd to make a formal offer or walk away from a potential deal as per UK takeover rules.

Per William Hill:

“Following an initial written proposal from Apollo on 27 August 2020, William Hill received a further proposal from Apollo and proposals from Caesars.”

Shares Surge

Shares of William Hill surged as much as 41% in London trading on Friday, which was an intraday record. The UK bookmaker now has a market value of about $4B. Rival betting companies also saw their stock rise last Friday with GVC Holdings Plc putting on an extra 15.5% and Flutter Entertainment Plc gaining 6.7%. Similarly, shares for Apollo was up by almost 3% while Caesars jumped by as much as 8.4%.

Apollo has a history of making investments in the gambling sector. In 2008, it joined forces with TPG for the buyout of Harrah’s Entertainment Inc. which was subsequently renamed as Caesars. Last year, the buyout firm also acquired a share in Italy’s Gamenet Group SpA.

Partnership With Caesars

William Hill already has a partnership with Caesars. Earlier this month, it was announced that Caesars had forged a deal with ESPN to link William Hill’s sports betting app in states where sports betting is already legalized in the United States. William Hill has also been appointed as the official odds provider of ESPN and as such, it will appear in all of ESPN’s platforms.

Last month, ESPN opened a high-tech studio at the Linq Hotel + Experience. The 6,000 square foot facility has been tabbed as the epicenter of ESPN’s sports-betting themed content. ESPN’s “Daily Wager” program was also transferred to the new studio which will broadcast Las Vegas-exclusive sports betting and entertainment news.

One of the World’s Largest Sportsbooks

William Hill is one of the largest sportsbooks in the world with offices in 10 different countries. Since Chief Executive Officer Ulrik Bengtsson took over last year, the company has been focused on building its online business.

Since the United States Supreme Court repealed the Professional and Amateur Sports Protection Act in 2018, William Hill has been building up its presence in the U.S. The American market has become more attractive for the company after UK gambling regulators slapped a stake limit on betting machines. This regulation led to the closure of 700 shops in Great Britain.

Circa Las Vegas Gains License to Open Casino Next Month

There are several incredible new hotel-casinos scheduled to open in Las Vegas over the next 10 months. One that many are excited about is Circa las Vegas, located in the Downtown area of the city. New reports claim this property has officially received a license from the Nevada Gaming Commission to open next month.Circa Resort & Casino

It’s exciting news to hear. Many believe that Circa could quickly transform Downtown Las Vegas into one of the hottest areas of the city. It’s easy to see why. Now is the perfect time to look at what this hotel-casino has to offer its guests.

Let’s get into it!

Downtown Las Vegas is Working Hard to Boost Tourism

When most people think of Las Vegas nowadays, the image of the Strip comes to mind. It’s easy to see why, as this area is home to many of the biggest and best casino-resorts in the world. Downtown Las Vegas has always been a popular gambling destination too, and seems to be improving right now.

There are many great casinos in this section of Las Vegas. Many are owned by the Stevens brothers. Of course, all of the Downtown Las Vegas casinos were forced to close their doors back in March and didn’t reopen until late June.

The focus for these casino owners is now bringing in new players. Casinos have taken many different measures to achieve this goal. Not everything is running smoothly for them, though. News recently came out that the Fremont Hotel-Casino was facing official complaints for unrightfully detaining one of its patrons.

It’s been a difficult year for all of the casinos in Las Vegas. Revenue earnings are considerably lower right now than they were in 2019. That seems unlikely to change anytime soon and may even get worse as winter rolls around.

One of the most exciting new properties scheduled to open here is Circa Las Vegas. Gambling fans around the country have been eagerly awaiting news on when this hotel-casino would open its doors. It now appears we have an answer.

NGC Finally Grants Casino License to Circa Las Vegas

There are a number of large casinos being constructed in Las Vegas. To the surprise of many analysts, Circa Las Vegas has been one of the most-anticipated hotel-casinos in the city. It’s owned by the aforementioned Stevens brothers and should prove to be the most impressive venue ever built in Downtown Las Vegas.

There’s a lot of exciting features of this property. Most of the attention the media is giving this property is on its swimming pool. This is a multi-level resort pool featuring one of the largest television screens in the entire city.

Everyone knew that Circa would be opening its doors sometime in 2020. With the events unfolding around the world, however, no one seemed to know exactly when this property would begin accepting guests. One of the main delays was obtaining a casino license from the Nevada Gaming Commission.

This process is now officially complete. News has just surfaced that this property has finally obtained its elusive license from the NGC. That guarantees the casinos opening on October 28th. It’s important to note that the hotel won’t open up until December.

Circa Las Vegas may help to significantly boost tourism in Las Vegas. The casino floor here features nearly the same number of gambling options as the Golden Gate and D Las Vegas combined. It will be interesting to see how many tourists flock to this new venue once it finally opens its doors.

Stay tuned for more updates on Circa over the next few weeks.

The Las Vegas Virgin Hotel Will Open in Early 2021

As we already mentioned, there are a number of exciting new casino-resorts scheduled to open their doors in Las Vegas over the next few months. This week, we officially received news that the Las Vegas Virgin Hotel will be opening up in early 2021.

This is Virgin’s first foray into the land-based gambling industry. The company’s new casino will open in the same location as the former Hard Rock Hotel. Company officials have been working hard to make this one of the best new gambling venues in the city.

Virgin Hotel’s project was delayed several times this year. The initial hope was for this hotel-casino to begin accepting guests sometime late into 2020. That proved impossible with the delays in the renovation.

Las Vegas will soon be treated to a wave of new casino-resorts. Most of the owners of these venues could never have predicted how things look the way they do now. The gambling and tourism industry in Las Vegas is still struggling and may remain that way for years.

These casino owners aren’t letting that slow them down, though. Hopefully, these new properties help to stimulate Nevada’s tourism industry and bring casinos some much-needed revenue.

Are you excited to see Circa Las Vegas open its doors? Do you plan to visit Las Vegas this year? Let us know in the comments section below.

Officials Have Finally Revealed the LV Virgin Hotel’s Opening Date

For months, gambling fans have been eagerly awaiting news on when the new Virgin Hotel-Casino would open its doors in Las Vegas. This property’s opening has already been delayed several times. This week, company officials gave the media more information on the LV Virgin Hotel’s opening date.Virgin Brand Logo

Based on what’s being said, this will be the best new hotel-casino to open in this city for years. It certainly has big shoes to fill inside the former Hard Rock Hotel. Today, we’re going to talk about when this venue is expected to reopen.

Let’s get into it!

Looking Back at How Virgin Hotels Moved Into Las Vegas

Las Vegas is one of the world’s biggest and most popular gambling destinations. Over the past few years, this city has seen its casino revenue increase quickly. Many exciting new casino-resorts were being constructed around the city.

Back in 1995, the Hard Rock Hotel opened its doors near the Las Vegas Strip. It quickly became one of the most popular venues in the city. As the years went on, however, it began seeing a major drop in earnings. Eventually, this venue was forced to close its doors.

The newly-formed Virgin Hotels brand saw an opportunity. It agreed to purchase this property for $500 million and immediately began the renovation and rebranding process. Hope was that this venue would be available to open in the fall of this year.

In August, reports began to surface that fall no longer seemed like a realistic possibility. Things have been delayed here several times already. Many analysts began questioning whether or not this new property would manage to open in 2020.

It’s clear that the owners of the Las Vegas Virgin Hotel are taking their time making the venue as good as they possibly can. We’re now finally beginning to hear about when this hotel-casino is expected to open its doors.

Here’s what we know about this situation.

The LV Virgin Hotel’s Opening Date is Set for January 15th, 2021

It’s no surprise that so many people are excited to see Virgin’s latest move into the casino industry in Las Vegas. This company is known for taking things to a whole new level. Many believe that this will grow to become one of the best new gaming properties in the city.

The renovation efforts on this venue were halted for a time. This caused the LV Virgin Hotel’s opening date to be pushed back once again. Some then felt that this property would open its doors in winter.

That no longer seems to be the case. Company officials recently held a major press conference to announce this venue’s official grand opening date. It’s now been confirmed that this hotel-casino will open to the public on January 15th, 2021.

“We have worked with amazing partners to combine Virgin Hotels’ signature amenities and our new property design to make Virgin Hotels Las Vegas a one-of-a-kind destination,” said Richard “Boz” Bosworth, President and CEO of JC Hospitality, owner of Virgin Hotels Las Vegas.

It’s exciting to finally have a date in mind. This venue’s opening has already been pushed back several times. It’s Virgin’s first major hotel-casino ever built, though, and many are cutting the company some slack for taking its time with the events unfolding around the world.

How are some of the other casino-resorts being built in this city faring right now?

Resorts World Las Vegas is Opening in Summer of 2021

The Las Vegas Virgin-Hotel isn’t the only new casino scheduled to open in Las Vegas next year. For years, construction has been taking place on Resorts World Las Vegas. This is expected to become the biggest and most impressive casino ever built in the city.

At more than $4 billion, this is also the most expensive casino-resort ever built in Las Vegas. Many expect it to become the most impressive gambling venue in the United States. Much like the Virgin Hotel, this one has seen its opening date delayed for years.

Fortunately, it seems that this casino-resort will finally open its doors in summer of 2021. It will have a unique Asian theme with over 115,000 feet of gaming space. Not long ago, the owners of this property recently revealed some of the incredible new luxury suites the hotel is offering.

The opening of this venue certainly didn’t come at the most ideal time, though. Las Vegas has been struggling immensely over the past seven months. Some analysts feel it could take years for this city to get back to pre-pandemic levels of tourism and revenue.

There are a number of exciting new gambling venues opening their doors in Las Vegas. The LV Virgin Hotel’s opening date has just officially been revealed. It will be interesting to see how successful this venue becomes.

Are you excited to hear that the Virgin Hotel is opening its doors next year? Let us know in the comments section below!

Sahara Las Vegas and Grand Sierra To Pay $75K in Fines

Sahara Las Vegas Logo
The Sahara on the Las Vegas Strip and the Grand Sierra in Reno will pay $75,000 as a joint settlement for violating the state’s COVID-19 health and safety protocols.

According to settlement documents, the Los Angeles-based Meruelo Group, which owns both Sahara and Grand Sierra, did not “admit nor deny” the allegations. However, the Nevada casino operator agreed on the joint settlement because they believe that the Nevada Gaming Board “could meet its burden of proof if these matters were to proceed to the evidentiary hearing before the Commission.”

In a statement, the Meruelo Group said:

“Nothing is more important to us than the health and safety of our guests and team members and we will continue to work cooperatively with government agencies to meet these high standards and ensure compliance across our resorts.”

Various COVID-19 Related Violations

The Board filed a case against the Sahara Las Vegas last August, alleging that the resort hosted a July 23 luncheon event which was attended by an estimated 135 people. The state’s coronavirus guidelines permit Nevada casinos to host gatherings with a maximum of 50 people. Another case filed alleged that the hotel-casino allowed its customers to break social distancing rules at blackjack and craps tables last June 16.

On the other hand, a three-count case was filed against Grand Sierra last August 7th. In the complaint, Nevada regulators claimed that on three different occasions, state gaming agents witnessed guests not wearing masks inside the casino-hotel premises. The agents also said that casino officials and employees didn’t do anything to correct the practice.

Gaming Regulators File Complaints

Since Nevada casinos reopened last June 4th, gaming regulators have filed a total of six disciplinary complaints against Nevada casinos for COVID-19 related violations. Four of the cases have already been settled and were due for consideration on Thursday.

Bowl Incline in Lake Tahoe will pay $5,000 for not closing its bar top games on July 10. Slot operator Century Gaming is set to pay $15,000 for the same infraction involving Cheers Bar. Hotel Ely agreed to pay $15,000 after several employees were seen not wearing face masks. Meanwhile, the owners of the C.O.D. Casino also settled for a $30,000 payment for face mask violations.

Nevada casinos were allowed to open again last June with the state enforcing strict COVID-19 health and safety guidelines. The restrictions include reduced occupancy, more space between gamblers, head count limit for meeting and convention spaces.

Palace Station Workers Agree to Leave the Culinary Union

Station Casinos has been in a feud with the Nevada Culinary Union for years. It now appears that one of the company’s casinos has decided to withdraw from the union. Today, we’re going to talk about why Palace Station workers have decided to make this move.Palace Station Casino

Many are surprised to hear this news. Officials within Station Casinos are likely pleased with this new development, though. It will be interesting to hear how this affects other casinos in Las Vegas over the next few months.

Here’s what we know about this situation.

Station Casinos Has Been Forced to Close Several Casinos This Year

The world’s land-based casino industry continues to be affected by the global pandemic. States around the US are working hard to protect their casino industries while keeping things safe. This is proving to be more effective in some parts of the country than others.

Nevada was one of the first major commercial casino destinations to reopen its casinos. It was extremely important to protect cities like Las Vegas. In early June, several of the major casino-resorts in this city opened their doors.

As the weeks go on, more casino companies open up their properties. That includes Station Casinos. Interestingly, this company has chosen not to reopen four of its major casinos located in the city. Officials within this company recently announced that these casinos will never open their doors again.

Casino companies are still struggling to bring in players and generate revenue. It’s clear that tourism in cities like Las Vegas is down considerably. Fortunately, new reports indicate that gambling revenue in the city is slowly beginning to increase.

Intense safety regulations remain in place inside all major casinos around the country. In Nevada, many casino workers are represented by the Culinary Union. Some casino companies have pushed against this union making its way into their properties.

Station Casinos is now seeing one of its properties leave the Culinary Union.

Palace Station Workers Vote to Leave NV Culinary Union

Station Casinos has been in a public feud with Station Casinos for many years. It’s been a long, oftentimes ugly battle between two powerful groups. Despite Station Casinos’ best efforts, however, some of the company’s casinos have voted to become represented by this union over the past decade.

Not all of these casinos seem to be enjoying their experience under this representation. News is now coming out that Palace Station Workers have voted to leave the Nevada Culinary Union. Station Casinos Chief Operating Officer Bob Finch confirmed the news to the media this week.

“Our team members at Palace Station have spoken. Station Casinos respects their decision and certainly appreciates the confidence that our team members have placed in us,” Finch said. 

Palace Station Casinos voted to join this union back in 2017. It’s not entirely clear what caused this split between the two groups. It didn’t take long for members of the Culinary Union to express their disappointment with the casino worker’s decision.

“Station Casinos has withdrawn union recognition at Boulder and Palace Station. The Culinary Union believes it has done so unlawfully. Station Casinos continues to disrespect their workers by wasting time with litigation and union-busting efforts,” Geoconda Argüello-Kline, secretary-treasurer of the Culinary Union, said in a statement. “The Culinary Union has filed an unfair labor practice charge regarding the withdrawal and has demanded to negotiate immediately.” 

It’s an interesting time for Palace Station to make this decision. Many casino workers in Las Vegas have expressed disappointment in the lack of necessary safety measures set in place. It appears Palace Station did not feel that the Culinary Union was successfully helping their cause.

Should Casinos Increase Their Safety Regulations?

The past seven months have been some of the toughest in the history of the land-based casino industry. Never before have cities like Las Vegas and Atlantic City been forced to completely shut down. Obviously, these cities did everything they could to immediately reopen their gambling and tourism industries.

City and state leaders wanted to ensure that this was done in the safest way possible. Casino companies began coming up with specific safety measures to protect their patrons and employees. Most casinos now require masks to be worn at all times and have many other safety measures set in place.

Not everyone believes that these measures are strict enough, though. Many reports have surfaced that show hundreds of casino workers in cities like Las Vegas have been infected with the new coronavirus. Some even claim that casinos are actively hiding these reports from the media.

It’s a difficult situation. Casinos are still seeing massive drops in revenue even months after being able to reopen. Some analysts predict that things will get even worse when the colder winter months approach.

Many certainly feel that casinos need to start implementing better safety measures. Some have begun to ban smoking in public places. That includes some of the biggest casino-resorts on the Las Vegas Strip. We’re likely to see more measures like this one appear over the new few months.

Are you surprised to hear that Palace Station workers are leaving the Culinary Union? Do you think casinos need to increase their safety measures? Let us know in the comments section below!

Fremont Hotel-Casino is in Hot Water With the NGCB

Downtown Las Vegas has been slowly coming back to life over the past few months. Unfortunately, not everything has been going perfectly for the casinos that are now open here. New reports indicate the Fremont Hotel-Casino is in trouble with the NGCB over the wrongful detainment of a patron.Fremont Hotel-Casino

The reports certainly give this venue a bad look. It comes at an unfortunate time, too, as all casinos in Las Vegas are working hard to attract new players right now. Today, we’re going to look at the details of these new reports.

Let’s get into it!

Andrew Simon is the New CEO of the Fremont Street Experience

In December of 1995, the Fremont Street Experience officially opened to the public. At the time, it was one of the impressive structures ever built in Las Vegas. Several renovations have taken place here over the years and it remains one of the most-visited areas of the city.

A huge number of famous hotel-casinos are located on the Fremont Street Experience. That includes the Golden Nugget Las Vegas, The D Las Vegas, and Fremont Hotel-Casino. Of course, the number of tourists here has plummeted in 2020.

Back in July, Patrick Hughes announced he was stepping down as the CEO of this popular outdoor venue. Last week, news broke that Andrew Simon was named as the new CEO of the Fremont Street Experience. The longtime marketing expert enters the role coming from AXS TV and should help to boost tourism numbers here over the next six months.

“There is an unprecedented level of excitement at Fremont Street Experience with the $32 million upgrade in Viva Vision, the upcoming opening of Circa Resort & Casino, and the milestone celebration of our 25th anniversary this December,” Simon said in a statement to the media. 

Simon is right about the excitement surrounding the Fremont Street Experience. Several new gambling venues are opening here over the next few years. Most of the focus is on Circa Resort & Casino. This new venue will feature the largest and most impressive swimming pool ever built in Las Vegas.

Things are still difficult for all of the casinos in Las Vegas. One has recently been hit with new complaints from the Nevada Gaming Control Board.

Fremont Hotel-Casino Faces Official Complains From the NGCB

As we just mentioned, several popular casinos are located directly on the Fremont Street Experience. One of the most popular is the Fremont Hotel and Casino, which first opened its doors back in 1956. This venue has seen its room occupancy and casino revenue drop considerably over the past six months.

Things seemed to be slowly improving. Tourism rates in Las Vegas have been gradually increasing as the months go on. Gambling revenue remains significantly lower in the city than it was in 2019, though.

The progress that the Fremont Hotel-Casino might be coming to an end soon. New reports claim this venue is facing four official complaints from the Nevada Gaming Control Board. These complaints allege this property unrightfully detained one of their patrons and failed to properly investigate the incident.

Back in November of 2019, a female patron inside this venue’s casino was detained for more than 90 minutes for allegedly using another player’s money to gamble at a slot machine. Video footage investigated by the NGBC shows the patron did not, in fact, do anything wrong inside the casino.

“Under the circumstances, there was no need to detain the patron or subject her to the treatment given to her and the threats to try and force a confession out of her. The matter could have been resolved without even speaking to her, let alone detaining her for 90 minutes,” the NGCB claims. 

This is not the type of publicity that this casino needs right now. All of the major hotel-casinos in Las Vegas are struggling to attract players. This new report may give the Fremont Hotel-Casino the image of a casino that illegally detains its players.

We’ll continue offering updates on this situation over the next few weeks!

Is it Time for Las Vegas Casinos to Ramp Up Security?

2020 has been the worst year in history for the city of Las Vegas. Prior to March, the idea of shutting down all of the city’s casinos would have seemed impossible. Even now, Las Vegas is seeing its tourism and casino revenue down from last year.

Most of the top casino-resorts on the Las Vegas Strip are now open. Intense safety measures are set in place to help protect guests and employees from the new coronavirus. Some now feel it’s time for these properties to ramp up with security, as well.

Just a few weeks ago, a massive fight broke out at the Wynn Las Vegas Casino-Resort. It didn’t take long for the hotel to file charges against those involved. This Wednesday, a shooting was reported at the Aria Hotel-Casino.

These violent incidents are not unheard of in Las Vegas. Some feel they are ramping up this year, though. Several major hotels, including the Aria, have announced they are increasing their security as a result of this rise in violence.

It’s been a tough year for the city of Las Vegas. The latest news on the Fremont Hotel-Casino certainly won’t help things. It will be interesting to see how things look at the end of the year.

Do you plan to visit Las Vegas before the end of the year? Which hotel are you staying at? Let us know in the comments section below!

Las Vegas Tourism Rates Are Still Down Considerably

It’s been more than half a year since the casino industry in Las Vegas began operating again. Everyone hoped that things would be nearly back to normal in this city by now. That has not turned out to be the case. New reports show that Las Vegas tourism rates are still much lower this year than they were in 2019.Famous Sign In Las Vegas

Casino companies in this city are doing everything they can to attract new players. That has proven to be much easier said than done. Today, we’re going to take a look at how many visitors the world’s top entertainment destination is pulling in right now.

Let’s get into it!

More Casino-Resorts Continue to Reopen in Las Vegas

Many are surprised to hear that some of the casinos on the Las Vegas Strip still have not reopened. These venues were all forced to shut down back in March. Since that time, they’ve been slowly opening up again to the public.

Not long ago, ParkMGM announced it was set to reopen in October. This property has grown hugely popular over the past decade, yet its owners have been relatively slow reopening. When its doors open, smoking will be completely prohibited.

Many properties near the Strip have reopened, as well. That includes the OYO Hotel-Casino. This venue finally opened its doors on September 16th. Like almost all other hotels in the city, room rates are considerably cheaper right now than they were last year.

Things are far from normal in Las Vegas, though. Intense safety measures are set inside each hotel-casino that’s opened. That includes limiting the number of players at table games, requiring masks at all times, and separating slot machines on the casino floor.

Casinos seem determined to make things as safe as possible while remaining open. Most people around the country are still unwilling to visit a crowded gambling venue, though. It’s now clear that tourism into Las Vegas is slow right now.

Let’s take a look at how many visitors this city is bringing in right now.

Reports on Las Vegas Tourism Rates Are Out!

It’s been extremely difficult trying to predict how much tourism will increase in Las Vegas each month. As we’ve already mentioned, most of the casinos here are now open. People around the country are choosing to avoid travel, though.

This week, reports surfaced that show Las Vegas tourism rates are down 55% when compared to 2019. Interestingly, there’s been a huge uptick in visitors driving into Las Vegas, rather than flying. It’s clear that many people around the country are still wary of boarding a crowded aircraft.

Things are down here. Visitor volume and hotel occupancy remains low. Fortunately, the charts show that things are improving. Nelson-Kraft, the Senior Vice President of Communications at the Las Vegas Convention and Visitors Authority, expressed his excitement with this trend to the media this week.

“Each step is really a testament to the good work the entire community is doing to reduce the spread of the virus,” he said. “News like the tri-state area back east changing its travel advisory, or travel to Nevada that doesn’t require quarantining afterward is a great positive step. Our taverns getting to reopen late Sunday night is another step in the right direction. We need to remain really diligent on social distancing, wearing masks, doing all those things, those easy things that we’ve been asked to do for the good of our industry.” 

Some fear the positive trend will soon come to an end. Many analysts predict that colder weather will lead to a major increase in Covid-19 cases. By the time winter rolls around, we may see a massive increase in infections around the country.

Las Vegas is hurting right now. Casino revenue and tourism rates remain low. We’ll need to wait and see how things unfold over the next four months. Stay tuned for updates!

US Casino Companies Try to Adapt to New Regulations

Over the past few years, land-based casino revenue in the US has been increasing. The country’s casino industry had been surging and many states presented plans to increase their number of gambling venues. That includes Illinois, which is set to open several new casinos over the next few years.

Casino companies are now being forced to adapt to the situation the world now finds itself in. All casinos must implement intense safety regulations. Even with these set in place, the majority of people around the country aren’t willing to visit and play inside a crowded casino.

Some states have regulated online casino industries set in place. This is proving to be hugely successful. Many now feel that states like Nevada should introduce online casino legislation to help make up for the massive loss in land-based gambling revenue.

Many different states around the country now have regulated online sports betting options, as well. Perhaps the most successful is New Jersey. In August, this state set a new US record with $668 million in sports gambling revenue.

US casino operators may soon be forced to focus more on their online gambling platforms. We’re already seeing this take place in many parts of the country. Hopefully, it helps to protect some of the best casino destinations.

Are you surprised to hear that Las Vegas tourism rates are still low? When do you expect things to get back to normal? Let us know in the comments section below.

Caesars Obtains $400M Loan From VICI Properties, Inc.

Eldorado And Caesars Logo
VICI Properties Inc. announced last Friday that it has provided Caesars Inc. a mortgage amounting to $400M. The loan was in accordance with the LOI entered upon by the contracting companies last June 15, 2020 and is secured by the Caesars Forum Convention Center.

The mortgage has an initial interest rate of 7.7% and a term of five years. It is pre-payable starting in year 3 subject to certain conditions. The Caesars Forum is subject to an amended Put/Call Agreement between VICI and Caesars Inc. with the former’s call option being accelerated to 2025 in connection with the entry into the mortgage agreement.

Conditioned to the Merger

Last June, VICI Properties agreed to loan Eldorado Resorts Inc.$400M via a Letter of Intent (LOI). The loan was to be secured by the recently opened Caesars Forum Convention Center in Las Vegas. It was conditioned to completion of the $17.5B merger between Eldorado and Caesars Entertainment which was completed in July 2020. Additionally, VICI agreed to purchase 23 acres of underdeveloped land near the center of the Las Vegas Strip for $103.5M.

Prior to the merger, Eldorado operated 23 properties in 11 states, including the Eldorado Resort in Nevada and Louisiana, Tropicana properties in New Jersey, Nevada, and Indiana, and the Isle of Capri or Isle properties in Louisiana, Florida, Colorado, Missouri, Iowa, and Mississippi.

Largest CAsino and Entertainment Company in the U.S.

Meanwhile, Caesars Entertainment primarily operated under Caesar’s, Harrah’s and the Horseshoe brands, with properties all over the world including Dubai. The surviving entity is known as Caesars Entertainment, Inc. and is now the largest casino and entertainment company in the United States.

VICI Properties Inc. is one of the largest real estate investment trust companies in the United States. Its geographically diversified portfolio of 31 gaming companies includes the world-famous Caesars Palace and has a total of 50 million square feet. The properties are leased to leading gaming operators like Caesars, Hard Rock Casinos, Century Casinos Inc., JACK Entertainment, and Penn National Gaming.

Elon Musk’s Underground Tunnel in Las Vegas is Almost Complete!

For more than a year, Elon Musk has been working to build a tunnel underneath Las Vegas that connects the Convention Center with the Strip. It’s an exciting project that many feel could expand to affect the entire city. News has just surfaced that Musk’s underground tunnel in Las Vegas is almost complete!Tunnel Picture

More details on this tunnel are still coming out. Casino companies in Las Vegas are now taking a look at whether or not tunnels like the one nearing completion could help to bring in more guests to their venues. Today, we’re going to look at how The Boring Company could change Las Vegas in the future.

Let’s get into it!

More Casinos Continue Opening Their Doors in Las Vegas

It’s been more than three months since Governor Sisolak gave the green light for casinos in Nevada to open their doors. Initially, only a few of the major casino-resorts on the Strip opened their doors. That includes the New York-New York Hotel-Casino and The Bellagio.

As time went on, more major casino-resorts started to open their doors. That includes The Wynn Las Vegas and The Venetian. Tourism rates have gradually increased since the major casinos opened here.

Some casino-resorts have taken longer than others to open back up. Just last week, news broke that Park MGM will finally begin accepting guests again in October. When it does, it will be the first casino-resort on the Strip to prohibit smoking.

It seems like every week, news breaks that another major casino is reopening here. The OYO Las Vegas has just finally begun accepting room reservations again. It won’t be too much longer before all major hotel-casinos here are open again.

Most casino companies in this city are now focused almost entirely on boosting tourism rates. It’s more difficult now than ever before. Most analysts predict that things will not truly return to normal here for at least a couple of years.

Could a tunnel transportation system under the city help to boost tourism?

The Boring Company’s First Underground Tunnel in Las Vegas is Nearly Finished

Elon Musk is known for operating fascinating, transformative businesses. He’s the CEO of SpaceX, Tesla, and a co-founder of Neuralink. One of Musk’s more unusual businesses is The Boring Company.

This is a tunnel construction company initially founded in 2016. Its goal is to create large, transportation tunnels underneath major cities. Back in March of 2019, The Boring Company gained approval to construct a tunnel that connects the Las Vegas Convention Center to the Strip.

News is now coming out that this tunnel is nearly complete. Elon Musk confirmed the news on his Twitter account this week.

“Tunnels under cities with self-driving cars will feel like warp drive. First operational tunnel under Vegas almost done. The @Boring Company,” Musk wrote. 

Casino companies are already taking notice. Both Wynn Resorts and Resorts World have already submitted proposals to connect their properties via the tunnels. Many feel this could be the perfect way to connect major casino-resorts on opposite sides of the Strip.

These tunnels could completely transform transportation in the city. For years, many have asked for a better way to connect the casinos here. The first underground tunnel in Las Vegas is almost complete and many more are now being planned. We’ll be sure to offer more updates on this situation over the next few weeks.

Nevada’s Casino Companies Still Struggle With Covid-19 Cases

Nevada is known for being one of the largest casino destinations in the world. Las Vegas, in particular, is home to some of the biggest and most expensive casino-resorts ever built. Since reopening to the public, these casinos have been struggling to limit cases of Covid-19.

This is proving to be extremely difficult. Casinos can only do so much to identity sick patrons. It’s impossible to completely eliminate this problem. Employees inside casinos are now at serious risk of being infected.

New reports have just come out that show Wynn Resorts has seen almost 550 of its employees test positive for this new virus. That’s a large percentage of their workforce. Some even feel that the true number could be higher.

This is the new reality that casinos are facing right now. Land-based casinos are proving to be easy places for this new virus to spread. Until this changes, tourism and revenue rates inside gambling destinations will drop.

Online gambling, however, is surging right now. Many states now have regulated online gambling options up and running. Most of these states are earning a huge amount of revenue every month from this industry.

Are you excited to see that Elon Musk’s underground tunnel in Las Vegas is almost complete? Do you think tunnels will eventually connect casinos? Let us know in the comments section below!