Over the weekend, Nevada Governor Steve Sisolak announced a new set of health protocols being implemented around the state. Many saw it coming, as cases of Covid-19 have been increasing for weeks. Gaming analysts are now asking how these new regulations in Las Vegas could affect the casinos in the city.
It’s a difficult time for many of the gaming companies here. Today, we’re going to talk about what Sisolak is now ordering. We’ll also discuss what analysts expect to happen in Las Vegas over the next few months.
Let’s get into it!
Governor Sisolak Finally Announces New Regulations
No state has been as affected economically due to the pandemic as Nevada. For months, all of the casino-resorts in this state were shut down. These casinos eventually reopened in June and tourism has been very slow to recover.
In recent weeks, Las Vegas has seen a large drop in its tourism numbers. Infection rates of Covid-19 have been quickly increasing around the United States. Health experts have been advising against any non-essential travel.
Las Vegas itself has been seeing large increases of cases every day. Governor Steve Sisolak has been warning that more regulations could be on the way. He felt there was no other choice to prevent the state’s healthcare system from becoming overwhelmed.
Over the weekend, Sisolak officially announced his new regulations. Moving forward, bars, restaurants, and many other businesses will need to operate at just 25% capacity. Private gatherings must also be limited to less than 10 people.
“I know the majority of our bars and restaurants are doing their best, but these settings are proven to be high risk because they allow the opportunity for people to remove their face coverings in indoor settings around people outside of their household,” he said. “That’s how the virus spreads. “Our case rate growth is at a wildfire level — even outpacing neighboring states, such as Arizona. All available models indicate that Nevada is in a ‘red zone’ and our health experts anticipate continued case growth based on current trends.”
This is tough, albeit expected news for the state’s tourism industry. Some fear this could have a permanent effect on the casinos in Las Vegas.
Here’s How the New Regulations in Las Vegas Could Impact Casinos
Governor Sisolak understands the impact of announcing new health protocols. The casino shutdowns back in March had a devastating impact on the state. Many analysts believe it could be years before cities like Las Vegas return to normal.
In the end, however, Sisolak felt he had no other option. The new regulations in Las Vegas are guaranteed to have an effect. Some casino operators seem happy with the fact that another mass shutdown was not ordered, though.
The Nevada Resort Association released a statement shortly after the governor’s announcement. They are pushing hard for everyone to follow the new orders to help bring down infection rates.
“Like every state in the nation, Nevada faces a grim future if the virus’ spread is not contained and reversed quickly,” the statement read. “With the public’s help, we are optimistic we can move through this situation swiftly and return to the business of bringing people back to work safely and moving our economy forward.”
Las Vegas’ entertainment industry could be the hardest-hit from these new regulations. Several major casino companies were about to begin hosting new shows. That is no longer an option.
This, in turn, could affect tourism rates. If things continue to get worse, it’s highly likely that casinos will need to shut down again. We’ll continue offering updates on the situation here over the next few weeks!
New Jersey’s Governor is Considering Tougher Regulations
Nevada isn’t the only state with a struggling casino industry. Over in New Jersey, land-based casino revenue has been dropping throughout the entire year. Atlantic City has been hurting and new regulations threaten the recovery here.
New Jersey Governor Phil Murphy has been warning that new regulations could be coming soon. Not long ago, he began ordering new rules for casino restaurants and bars. Some feel he’s on the verge of temporarily closing down casinos.
This state has been faring better than Nevada in many ways. Here, both online casino gambling and sports betting is legal and regulated. This is helping to bring the state and casino companies a large amount of revenue each month.
No one knows how things will look here in the next few months. Like Nevada, New Jersey has been seeing a steady rise in cases lately. It’s a troubling development for one of the country’s biggest casino destinations.
The new regulations in Las Vegas are now set in place. Hopefully, these help to lower infection rates without crippling the tourism industry.
Do you think Las Vegas will suffer from these new regulations? Will casinos be forced to shut down here again? Let us know in the comments section below!