It’s been more than two months since most of Las Vegas closed down. Since that time, many of the construction projects in the city have been put on hold. This week, the media received more information about the construction of the MSG Sphere.
This entertainment venue is expected to be the best in the city once it’s completed. Unfortunately, that may take much longer than initially expected.
Here’s what we know about this situation.
Nevada’s Gaming Commission Approves Plans to Reopen Casinos
The past few months have been the hardest in Las Vegas’ history. Never before have all the casinos in this city been forced to shut down. The amount of revenue lost due to the regulations set in place here is almost incomprehensible.
Casino companies continue to lose money every single day. Hundreds of thousands of Las Vegas residents are also being affected. It’s well-known that Nevada’s gambling industry is one of the biggest employers in the state.
Just about everyone wants to see casinos open back up here. With that being said, most recognize that doing so in a way that’s safe for guests and casino staff is priority number one. Many of the biggest casino operators in the state have been presenting plans to the NV Gaming Commission on how to safely reopen.
Not long ago, this government body approved a set of guidelines to reopen. Casinos will need to change significantly in order to allow guests back in. That includes implementing strict social distancing guidelines and requiring face masks. It’s still not entirely clear when any of the major casinos in Las Vegas will open their doors.
Many of the biggest construction projects in this city have been temporarily suspended. That includes work on the MSG Sphere. We’re now starting to hear a little more about when the construction of this new venue might resume.
Officials Are Still Unsure Of When Construction Of the MSG Sphere Will Continue
Las Vegas is considered the entertainment hub of the world. A huge number of world-class entertainment venues are operating here, most of which host the top musicians, comedians, and magicians currently performing. The construction of the MSG Sphere began in 2018 and many believe it will be the best venue for concerts and shows ever built in the city.
This 17,000-seat venue is being constructed by MSG-Entertainment. It’s expected to cost more than $1.6 billion to complete. Initially, officials within MSG-Entertainment claimed that this massive new project would be completed by late 2021.
That is no longer the case. Over the past few months, thousands of Covid-19 cases have been confirmed in Clark County. As a result, company officials decided to suspend construction. In a third-quarter revenue earnings call, MSG-Entertainment offered an update on this exciting project.
“Although MSG Entertainment no longer expects to open the venue in calendar year 2021, the company looks forward to resuming construction as soon as practicable.”
It’s clear that the global pandemic is taking a toll on MSG-Entertainment. No one can really say when the construction of the MSG Sphere will resume. Much of it likely depends on when Governor Steve Sisolak allows more businesses to reopen.
Nevada is in a very difficult position. State leaders need to weigh the pros and cons of opening things back up. Hope is that ongoing projects, including construction on the MSG Sphere, can resume before too long.
More States Begin Allowing Casinos to Reopen
Most states around the country are beginning to open up in one way or another. Even in New York, the epicenter of the Covid-19 outbreak in the US, is starting to allow certain businesses to begin functioning again. Some parts of the country are even allowing casinos to open their doors.
Not long ago, several popular casinos in Oklahoma began operating again. To the surprise of some, this was a huge hit with many locals in the area. According to several reports, hundreds of people waited in line to play inside the Thunderbird Casino in Shawnee.
Earlier today, news broke that Eldorado Resorts plans on reopening three of its casinos in Louisiana. It’s exciting news for this company, which continues to work on its massive merger with Caesars Entertainment.
Nevada is taking its time allowing casinos to open their doors to the public. With the reopening guidelines recently approved, this could take place within the next few weeks.
No one knows when the construction of the MSG Sphere will resume. Officials within MSG Entertainment are still unsure of when this project will be completed. Make sure to stay tuned for more updates on this situation over the next few weeks!