Massachusetts is home to three popular casino-resorts. These properties have been performing well lately, yet it seems that tough times could possibly be on the horizon. Today, we’ll talk about MA’s new casino rules being set in place.
Many are confused about these new regulations. Fortunately, the rules are unlikely to have any major effect on tourism and revenue for the casinos here.
Let’s get into it!
A Lot is Happening With Massachusetts’ Casino Industry
The state of Massachusetts has only allowed casino gambling for the past decade. Prior to that, virtually all forms of gambling were completely banned in this state. There are now three major casino-resorts operating in the state, all of which are popular with locals.
The MGM Springfield was the first casino to open its doors in Massachusetts. It became an instant hit, drawing in gambling fans from around the state. Interestingly, MGM Resorts recently chose to sell this property to Vici Properties for nearly $2 billion.
Wynn Resorts’ Encore Boston Harbor now owns the most successful casino in the state. This property is located near Boston and has captured much of the MGM Springfield’s market. It will likely remain the most popular gaming venue in the state for years to come.
The events that unfolded in 2020 took a massive toll on the casino industry here. All of Massachusetts’ casinos were shut down for many months. They eventually reopened and have been working to boost their revenue figures ever since.
Tourism and revenue figures into MA’s casinos seem to be increasing. Some fear this trend could be short-lived, though. A new Covid-19 variant is spreading around the country and many states are beginning to once again order intense health restrictions on various businesses.
Massachusetts is one such state to begin setting new rules. Here’s what you need to know about the recent regulations set in place at the casinos here.
MA’s New Casino Rules are Now Set in Place
Every single major casino hub was affected by the events that unfolded in 2020. Things have been steadily improving throughout 2021, however, and there has been real optimism of seeing pre-pandemic casino revenue figures throughout the country. That optimism seems to be slowly fading away, though.
Not long ago, the Massachusetts Gaming Commission announced that all patrons to the state’s casinos are recommended to wear masks. That includes individuals who have been vaccinated. It’s not as strict of a rule as the one set in place in Nevada and should not have much of an effect.
Casinos are ordering new rules of their own. MGM Springfield recently announced that all employees, regardless of their vaccination status, will need to wear masks while at work. Some feel the other casinos in the state will soon order a similar measure.
It’s important to note that the Massachusetts Gaming Commission is not ordering all of its patrons to wear masks. For now, this is only a recommendation for patrons. If cases continue to rise, however, there is a chance that more intense restrictions could be set in place.
MA’s new casino rules are mostly affecting casino workers. Hope is that these rules do not result in a drop in tourism for the state’s casinos. We’ll be sure to offer more updates on this situation over the next couple of months.
Over in Las Vegas, more intense regulations are currently being set in place. Now is a great time to talk about how the major casino-resorts are faring here right now.
How Will Las Vegas Fare Over the Rest of 2021?
Las Vegas is and always has been the biggest and most profitable gambling hub in the United States. It took a major blow throughout 2020. Over the past eight months, this city’s casinos have been seeing a huge surge in their revenue figures.
There are concerns that things could devolve over the rest of 2021. Health officials recently ordered masks to be worn at all times inside casinos by patrons and employees. It’s the same mandate ordered over the summer last year.
Wynn Resorts, a company that owns several popular casinos in Las Vegas, recently released its Q2 revenue reports. Overall, the company saw a dip in its earnings when taking operating costs into account. CEO Matt Maddox seems confident that things will improve as the year goes on.
Much of this depends on whether or not more restrictions are ordered. If casinos begin looking like they did in 2020 and entertainment options are shut down, there is no doubt that revenue will fall. Lawmakers in Nevada likely realize that fact.
2020 proved how vulnerable the US casino industry is. Recent events are proving that these vulnerabilities still exist.
What do you think about MA’s new casino rules? Do you think more intense restrictions will be set in place here? Let us know in the comments section below!