Construction Of the MSG Sphere is Still Paused

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.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!

Covid-19 Continues to Slow Down Las Vegas Construction

The coronavirus has now spread throughout the entire United States. Perhaps no city has been affected by this new virus quite as much as Las Vegas. According to new reports, Las Vegas construction projects have been slowing down considerably.

Resorts World Las Vegas

This is a tough time for people around the world. Several major industries are being hit hard. Today, we’re going to discuss the impact that Covid-19 is having on major construction projects inside Las Vegas.

Let’s get into it!

More than 130,000 Covid-19 Infections Are Now Confirmed in the US

As most are well aware, the new coronavirus is quickly spreading around the world. Unfortunately, no one saw this virus spread coming. It’s exposed just how unprepared many of the world’s most powerful countries were for a pandemic.

In early March, less than one hundred cases were confirmed in the United States. Today, more than 130,000 people have been officially diagnosed with the coronavirus. Every day, thousands of new cases emerge.

Some states are being hit harder than others. As of now, New York is the epicenter of the epidemic in the US. This state has nearly 60,000 cases including tens of thousands in New York City. New Jersey and Louisiana are seeing their infection rates surge, as well.

Nevada saw its first cases emerge in early March. Since that time, nearly 900 individuals here have caught Covid-19. As a result, much of the entire city has been shut down.

All casinos in Las Vegas are closed to the public. The tourism industry here has essentially shut down. Obviously, this has been devastating for a huge number of businesses and individuals.

New reports show how Covid-19 is affecting major Las Vegas construction projects.

Las Vegas Construction Projects Are Slowing Down

As we just mentioned, the new coronavirus is affecting a huge number of industries in Las Vegas. Perhaps the most notable is the gambling industry. All major casinos have been forced to shut down in the city. It’s unclear when these venues will be able to open again.

Governor Sisolak has called for all non-essential businesses to shut down. Fortunately, the state is still allowing construction to take place. That’s not entirely surprising, considering a huge number of massive Las Vegas construction projects are currently underway.

It appears many of these projects are slowing down, though. Workers at the new Allegiant Stadium and the Resorts World Las Vegas have tested positive for Covid-19. This is led some lawmakers to discuss the possibility of halting all construction.

No one wants to see these projects completely stalled, though. In the mid-2000s, many projects were stalled due to the recession. This cost thousands of people their jobs and was devastating to the local economy. City officials now need to weigh the safety of residents and the impact that new regulations will have on Las Vegas.

For now, construction is still able to take place in Las Vegas. If the gambling industry remains closed and more Covid-19 infections begin to emerge, however, we may see some of these projects put on hold.

Las Vegas Casino Companies Receive Help From Stimulus Bill

Many of the biggest casino companies in the world are based in Las Vegas. This includes MGM Resorts International, Wynn Resorts, and Las Vegas Sands. Today, all of these companies are bleeding revenue due to the regulations in Nevada.

Many of these companies claimed that unless things changed, they would be unable to continue operating. Reports surfaced that show they are currently losing millions of dollars every day. Many casino officials began asking the government for relief.

Last week, a massive new stimulus bill was officially signed. Many of the major casino operators in Las Vegas are taking a sigh of relief. Under the new bill, casinos in Nevada can receive money from the $450 billion in government loans now being offered.

Brian Ahern, a spokesperson for MGM Resorts International, commented on the bill to the media this week.

“Our goal is to reopen our doors and get employees back to work as soon as public health and safety allow. These provisions help pave the way for that outcome,” he said. “We are pleased the economic relief package offers financial support immediately.” 

Casino companies are getting some much-needed relief. Unfortunately, several major Las Vegas construction projects are in danger of being halted.

Stay tuned for more Las Vegas news over the next few weeks!