As most are likely aware, much of the US is experiencing unprecedented winter storms right now. These are so severe in some parts of the country that major power outages are being reported. We’re now beginning to hear about new US casino shutdowns in some states, as well.
Several casinos are voluntarily shutting down as a way to help struggling power grids. Today, we’ll talk about where exactly this is happening. We will also look at how the casino industries in these states have been faring lately.
Let’s get into it!
Major Casino Hubs Brace for an Uncertain Future
Prior to 2020, the major gambling and entertainment hubs across the United States were thriving. Millions were flocking to cities like Las Vegas and Atlantic City to take part in the festivities. Gaming revenue was surging and exciting new casinos were popping up around the country.
As most are aware, things began shutting down in March. Every state ordered its casinos to shut down that month. Many of the casinos that shut down that month are still closed to this day. That includes the hugely popular Palms Casino-Resort in Las Vegas.
The country’s major casino hubs are still struggling to this day. There is no clear end in sight. There are some health experts claiming the worst is yet to come. That doesn’t bode well for casino companies.
Tourism rates in places like Las Vegas are still very low. Nevada Governor Sisolak claims he is open to loosening restrictions in the state. That may not be enough to significantly boost tourism numbers here, though.
Many of the smaller casino hubs are still struggling. That includes the ones over in the midwest. To make things worse, this area of the country is currently experiencing one of the most extreme winter storms ever seen.
It now appears this is taking a toll on the casino industries in this part of the US. Here’s what we know about this situation.
More Voluntary US Casino Shutdowns Are Being Reported
The storms raging across the US are unlike the normal ones taking place during wintertime. A huge number of states are seeing record levels of snowfall and huge drops in temperatures. Texas, in particular, is finding it difficult to cope.
Millions in the state have been left without power. The drops in temperature left an unusually large number of people in need of electricity. As a result, the state’s power grid could not handle the load and crashed in different areas.
Several people have died as a direct result of these power outages. Unfortunately, these storms are expected to continue for days. Experts believe more are likely to perish as the colder weather lingers around the country.
Several US casino shutdowns are now being reported in states where the energy grid is being pushed to the limit. The Cherokee Nation Businesses announced it was voluntarily closing down nine of its casinos in the state of Oklahoma as a way to save energy. CEO of Cherokee Nation Businesses Chuck Garrett spoke about this situation to the media this week.
“CNB has built a reputation for making tough decisions for the right reasons, and that legacy will continue today as we put the needs of our communities ahead of our business goals,” he said. “As an industry leader, we hope we can inspire other businesses throughout the region to join us as we plan, prepare and proceed through the next few days of inclement weather.”
Hope is that more businesses requiring huge amounts of electricity decide to take similar approaches. This could end up saving many people from losing their much-needed power right now. We’ll continue offering more updates on this situation over the next few days!
Texas Continues to Push Against Casino Plans
Texas is facing one of the worst storms in US history right now. Obviously, getting through this situation is now priority number one for many officials in the state. Analysts predict the storm to continue for days and a long road to recovery.
Eventually, lawmakers here will once again look at the plans to legalize casinos. Some of the biggest and most influential casino companies in the United States have been pushing hard for Texas to finally embrace the casino industry. That includes Las Vegas Sands, which believes doing so will help the state bring in a huge amount of revenue every year.
Not everyone is convinced. Not long ago, a Senate leader in the state voiced his disapproval for these plans. He claims it’s simply not something most lawmakers in Texas feel is needed. Some lawmakers disagree and feel Oklahoma is benefiting from the state’s anti-casino laws.
Now may not be the best time for Texas to embrace this industry. No one knows when the country’s land-based casinos will see a complete recovery. Until that happens, this issue may be on the backburner.
There is a chance for Texas to begin embracing sports betting, though. 26 states across the country have recently chosen to do so. Most are profiting massively as a result. Experts believe it won’t be more than a few years until Texas has a legal sports betting industry set in place.
Are you surprised to hear about the US casino shutdowns? Have you been affected by the storms across the country? Let us know in the comments section below.