Here’s What We Know About the New US Casino Shutdowns

Winter Storm

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.

Here’s an Update on Washington’s Casino Plans

As the days progress, more states are beginning to slowly open back up. Unfortunately, the US land-based casino industry remains completely shut down. This week, officials offered an update on Washington’s casino plans and discussed when these gambling venues may open to the public.Washington State Flag

It’s an extremely complicated situation. Casinos are ideal places for a virus to spread. Now is the perfect time to discuss what measures casino companies in Washington plan on taking to get things back to normal.

Let’s get into it!

The US Casino Industry Remains Shut Down

The past few months have been some of the toughest that US casino companies have ever endured. All casinos in the country have been shut down for weeks. Revenue has stopped flowing in and a huge number of casino employees have lost their jobs.

This has become a more serious issue in some parts of the country. Places like Las Vegas and Atlantic City, for example, are known to rely heavily on their casinos. The regulations set in place are already taking a massive toll on these cities.

Some states are slowly beginning to lift their restrictions. In some ways, this approach is an experiment for the rest of the country. Several top health experts are expressing fear that reopening the economy in these states will result in a spike of new Covid-19 cases.

Unfortunately, even the states with the most relaxed approach towards this virus are unsure about how to reopen casinos. Not long ago, Nevada’s Gaming Control Board released a set of guidelines that casinos can take to open again. Most feel it will be at least a month before the casinos in Las Vegas allows guests in.

Washington is known for having a successful casino industry. Tribal leaders in the state have been looking at ways to reopen casinos for weeks. Here’s what’s being discussed right now.

Tribal Governments Offer an Update on Washington’s Casino Plans

When most people think of the US casino industry, states like Washington don’t come to mind. That’s not entirely surprising. In reality, though, the state’s casinos generate more than $2 billion in revenue every year.

Closing down casinos here has been devastating for many local economies. Tens of thousands of Washington residents work inside casinos. According to a report by the Washington Indian Gaming Association, Tribal governments here are the 8th largest employer in the entire state.

Tribal leaders are now giving an update on Washington’s casino plans. Ron Allen, chairman of the Jamestown S’Klallam Tribe and a member of the Washington Indian Gaming Association, spoke about the impact that closing down casinos is having.

“We are definitely in survival mode,” he said. “Some tribes would like to open up now, but we don’t want to be the source that causes anyone to get sick from the virus. It is a calculated risk, when to open up, but we can’t wait for zero, there won’t be any economy left.”

Many tribes have been forced to lay off thousands of workers. None have set official dates to reopen yet. Most agree that it’s impossible to do so until the virus spread is under control. Even then, these casinos are going to look different than they used to for some time.

Fortunately, infection rates have been relatively low in Washington in recent weeks. With more widespread testing, things may begin to improve here quicker than some analysts predict.

Las Vegas Casinos Continue Looking at Ways to Reopen

Washington is clearly taking a hit due to the shutdown of the state’s gambling industry. The economic losses here pale in comparison to what’s happening over in Nevada, though. Las Vegas casinos are completely shut down and revenue here is now at a record low.

The gambling and entertainment industry here employs hundreds of thousands of people. As time goes on, the impact of the casino shutdown gets more severe. Several major casino companies here are losing millions of dollars every single day.

Some hoped that things would begin to reopen by May. That includes Las Vegas Mayor Carolyn Goodman, who continues to call for the city to reopen. Casino companies are now focused on finding ways to safely allow guests back in.

A few of the major casino-resorts on the Las Vegas Strip are accepting reservations as early as June. It seems these companies feel they’ll find safe reopening solutions by then. A recent report stated that the MGM’s New York New York and Bellagio venues may be the first to open their doors.

The update on Washington’s casino plans is similar to what many state leaders are saying. Unless everyone knows things will be completely safe, these casinos will remain closed.

When do you expect the US casino industry to get back on track? What do you think casinos will look like once they reopen? Let us know in the comments section below.