Bally’s Las Vegas Will Reopen July 23 Amid Customer Demand

Bally's Hotel-Casino in Las VegasOn Thursday, Caesars Entertainment announced the next of its properties that will be opening: Bally’s Las Vegas, set to reopen on July 23 at 10 a.m.

So far, Caesars Entertainment has reopened the following Las Vegas properties: Caesars Palace, The Flamingo, Harrah’s, Linq Promenade, and Paris Las Vegas.

The announcement comes as the Las Vegas Strip has been seeing an increased demand in customer interest and visitation. Officially shuttered for 127 days, Bally’s will officially get to join the rest of the Caesars pack in welcoming long-forgone guests.

“We continue to see solid customer interest in visiting Las Vegas this summer and, as a result, we are pleased to announce the reopening of Bally’s Las Vegas – gaming, hotel, restaurants, and other amenities – on July 23rd,” said Tony Rodio, CEO of Caesars Entertainment said.

Rodio explained that instead of increasing the hotel occupancy at the other properties that have already reopened, it’s in the interest of public health to open up another property instead. Currently, reopened casinos are operating at 50 percent capacity.

According to the resort owner, when the casino-hotel opens later this month, it’s expected to have nearly all of its amenities available, including the Blu Pool and the Bally’s Food Court.

The recently opened Indigo Lounge is also expected to be open by then. The lounge overlooks the casino floor, but with Governor Sisolak’s Thursday announcement that bars will return to Phase One restrictions, it’s unsure whether it will be serving patrons unless food is part of the equation.

Las Vegas Tourists Seem Unfazed by Rise of COVID-19 Cases Among Hospitality Workers

COVID-19 cases are on the rise across the country, and casinos are not exempt.

So far, there have been at least 10 Strip casino workers that have tested positive for coronavirus: One worker at Bellagio, two Flamingo workers, a worker at The Linq, three workers at Sahara Las Vegas, two at the Cosmopolitan of Las Vegas, and one at Caesars Palace.

But while these growing number of cases on the Las Vegas Strip may seem startling, Las Vegas travelers seem undeterred.

A handful of tourists who came for Fourth of July weekend even said they were aware of the number of growing cases of Las Vegas hospitality workers catching the virus, but that it didn’t put a dent in their travel plans.

Stay Tuned

It’s good to see that casinos are still continuing to open in Las Vegas, despite the increase of COVID-19 cases.

It was rumored this week that casinos might be shut down for 7-10 days, but thankfully that wasn’t the case in Gov. Sisolak’s address.

For now, it’s bars across the Silver State that have scaled back to their preexisting coronavirus restrictions. That means no patrons congregating in bars, bar areas, or having bars in restaurants opened for now.

Nevada piggybacked off similar restrictions made in Texas and California last week, and it seems like the rest of the country is following suit.

Are you excited for Bally’s to reopen? Have you made a trip to Las Vegas yet or are you a local who’s excited that some things are beginning to resemble “normal” Vegas? Share with us in the comments below!

And be sure to check back for more coronavirus updates in Las Vegas.

Bally’s Atlantic City is Purchased by Twin River Holdings

All of the casinos in Atlantic City are still shut down. That doesn’t mean ownership of these venues can’t change hands, though. New reports indicate Twin River Holdings has officially purchased Bally’s Atlantic City for $25 million.

Ballys Atlantic City

It’s not a huge surprise. The previous owners are selling property to make way for a massive deal. Today, we’re going to look at the details of this major casino sale.

Let’s get into it!

Eldorado Resorts and Caesars Entertainment Continue Merger Plans

As most are well aware of, Eldorado Resorts decided to purchase Caesars Entertainment back in June of 2019 for an incredible $17 billion. It was the largest merger between two casino companies in history. Of course, a deal of this magnitude takes time to complete.

Before these companies can join, they must be given the green light from regulatory bodies around the US. That’s exactly what’s happening right now. Both companies are working to gain government approval to push the deal forward.

Early this year, three major state gambling commissions approved this deal. For a time, it looked like this merger would be approved before the end of the year. Unfortunately, things have slowed down over the past few weeks.

The spread of the coronavirus has shut down the entire US casino industry. As a result, many major casino companies are now losing millions of dollars every single month. This has taken a toll on both Eldorado Resorts and Caesars Entertainment.

These companies are now doing everything they can to continue their plans. Caesars is working to sell properties to gain additional revenue and appease state gambling commissions. New reports claim Caesars just sold one of its biggest and most profitable gambling venues.

Caesars Entertainment Officially Sells Bally’s Atlantic City

Atlantic City is now home to many world-class gambling venues. Prior to the global pandemic, this New Jersey city was earning an incredible amount of revenue from its gambling industry. That’s now changed and all the casinos here are now closed to the public.

Many of the biggest casino companies in the country now operate gambling venues in Atlantic City. This includes Caesars Entertainment. Last week, however, news surfaced that Caesars had officially sold Bally’s Atlantic City to Twin River Holdings.

This is a major deal for Twin River, which paid $25 million for this gambling venue. 2020 has been a big year for this company, which recently acquired three new casino-resorts in Colorado. Most analysts claim this is the biggest casino acquisition for this company to date.

Soo Kim, chairman of the company’s board of directors, commented on this new deal to the media this week.

“This is a great deal for Twin River, and diversifies our business across eight states,” Kim said. “It reaffirms our commitment to employees, customers and the communities in which we operate that Twin River will be stronger than ever.”

Interestingly, Caesar’s will retain certain parts of this venue. That includes the casino’s sportsbook. Hope is that the sale of this casino allows the New Jersey gambling commission to approve the merger between Caesars and Eldorado Resorts.

New Jersey is Still Weeks Away From Reopening

The new coronavirus has taken a serious toll on the entire US economy. One of the hardest-hit industries is the land-based casino industry. As we mentioned earlier, all casinos across the country are closed to the public.

Places like Atlantic City are being hit particularly hard. Officials here have continued to ask Governor Phil Murphy for a timetable on when gambling venues will be allowed to open again. It seems this is unlikely to happen for at least the next few weeks.

New Jersey has one of the highest Covid-19 death rates in the country. Obviously, things will not be able to become normal here overnight. Governor Murphy recently spoke about the situation to the media and claims it may be some time before the state opens again.

“I think the best understanding of the data right now is that we are still a number of weeks away,” he said. “We’re not of the woods yet. The mandate to stay at home and stay away from each other is still very much in effect until we can break the back of this curve.”

How exactly this will affect casinos like Bally’s Atlantic City is still unknown. The federal government is working on ways to help casino operators. Unfortunately, even major payouts may not be enough for some of these venues to remain open.

It’s a very unusual time for the US gambling industry. Stay tuned for more Atlantic City casino news over the next few weeks!