As the weeks go on, more venues in Las Vegas open up. Most major properties here are starting to accept guests again in hopes that it helps to boost tourism into the city. This week, news surfaced that events at the HyperX Esports Arena are about to resume.
This is the largest Esports venue in the city of Las Vegas. We’re likely to see several major gaming tournaments take place here over the next few weeks. Today, we’re going to talk about how the opening of this major arena will affect Las Vegas moving forward.
Let’s get into it!
Esports Betting is More Popular Than Ever Before
When all major sports leagues shut down in March, no one could accurately say how long this would last for. As the weeks dragged on, it became clear that the professional sports industry was in trouble. It wasn’t until May that some of the country’s leagues began to resume their operations.
Esports, however, never truly shut down. Unlike traditional sports, these events can easily be played with social distancing measures set in place. For a time, major Esports tournaments were the only form of live entertainment out there.
Video game fans began tuning into the different events taking place around the country. Many of these fans began to realize that different online sportsbooks such as Bovada offer betting odds for these tournaments. In some cases, the odds for Esports tournaments are better than what you’ll find for a traditional sporting event.
We’re now in August, and many of the country’s professional sports leagues have resumed. Some are finding more success safely putting on their seasons than others. Incredibly, the popularity of Esports betting has not dropped significantly even as more sports get back on track.
Gaming fans have several exciting events to look forward to over the next few weeks. That includes the Call Of Duty League tournament scheduled to begin on August 19th. A full set of odds are now available for this tournament.
It’s now beginning to look like we’ll soon see major in-person Esports events taking place in Las Vegas again.
AEE is Already Booking Events at the HyperX Esports Arena
The professional sports industry is far from being the only one being hit hard this year. As more are aware of, the land-based casino industry has been devastated over the past six months. Most casinos around the country have started operating again, yet gambling revenue remains far lower than what it was in 2019.
This has obviously taken a major toll on Las Vegas. In June, many of the casinos here began accepting guests again. Today, nearly all major casinos in the city have started operating again and revenue is slowly beginning to increase.
With many restrictions now lifted, more venues in the city are looking to reopen, as well. News has just surfaced that events at the HyperX Esports Arena are set to resume soon. Allied Esports Entertainment, owners of this major venue located inside the Luxor Hotel-Casino, have confirmed that they’ve already begun booking events.
Hope is that the resumption of events here will boost the company’s revenue earnings. In 2020’s second-quarter, AEE saw its revenue drop by an astounding 78%. Company officials attribute this drop to the closure of the HyperX Arena. As events resume here, earnings should quickly increase. CFO Tony Hung gave his take on the situation to the media this week.
“I definitely feel that we’ve kind of reached the bottom and that we’re starting to trend back up again,” Hung said.
AEE claims to have events booked months in advance. The first major Esports events should resume here within the next couple of weeks. Odds for these events are likely to become available online as soon as they are announced.
What else is expected to open in Las Vegas?
Health Officials Continue to Keep an Eye on Nevada
Nevada has been working hard to revamp its tourism industry. Of course, this comes with an added health risk to residents in the state. With casinos now open, many fear that rates of Covid-19 will continue to increase in the state.
That isn’t stopping casino companies from opening more of their venues. As we already mentioned, nearly all of the major casino-resorts on the Las Vegas Strip are open again. Casino construction projects have resumed, as well.
For years, Resorts World Las Vegas has been under construction. It’s the most expensive casino-resort ever built in the city. Despite the numerous complications stemming from the global pandemic, the plan to open this new property in summer of 2021 remains in place.
Another exciting new venue being constructed here is the MSP Sphere. It’s a massive new entertainment venue located just off the Strip. An official opening date for this venue has not been announced.
Soon, events at the HyperX Esports Arena will resume. Hopefully, this helps to boost tourism into Las Vegas while bringing Allied Esports Entertainment some much-needed revenue.
Stay tuned for more Las Vegas news over the next few weeks!