Back in March, something that many felt was impossible took place. All of the casino-resorts in Nevada were forced to shut their doors to the public. Unfortunately, some feel a similar order could soon be made. Governor Steve Sisolak claims we could soon see new regulations coming to Nevada.
Everyone in the state is anxious to hear what is announced. No one wants to see another major shutdown like the one in March.
Today, we’ll take a look at what is expected to take place here.
Nevada’s Gaming Revenue Dropped Again in September
Nevada is and always has been the biggest gambling destination in the United States. Over the past few decades, a large number of world-class casino-resorts opened their doors here. In February, rumors began circulating that the casino industry here could be shut down.
Health officials started warning about upcoming regulations in the state. Finally, in March, officials in Nevada came to the conclusion that intense measures needed to be set in place. Governor Sisolak officially announced that the state’s casinos would be temporarily closing down.
The hardest part was not knowing when these restrictions would be lifted. Finally, in June, Nevada’s casinos slowly started opening back up. Tourism and gambling revenue has been slowly increasing since that time, albeit not by very much.
The casinos in Clark County, where Las Vegas is located, managed to bring in $666.7 million in September. The casinos located on the Las Vegas Strip saw just $354.7 million in revenue. Overall, Nevada’s gaming revenue dropped by 22.4%.
Many analysts predict even larger revenue drops over the next few months. Covid-19 infection rates are rising sharply around the United States. There are now many travel restrictions set in place and fewer people are willing to visit and gamble inside a crowded casino.
It now appears that things could be changing in Nevada once again.
Expect to See New Regulations Coming to Nevada Soon
Nevada, like all other states, has been seeing a massive spike in infections over the past few weeks. It’s becoming a trend that state leaders can no longer ignore. Many analysts began anticipating a big announcement was on the horizon.
These predictions seem to be correct. Earlier today, Governor Sisolak announced there was likely to be new regulations coming to Nevada soon. He did not report that any casinos would be forced to shut down.
“I am incredibly concerned about the severity of COVID-19 in our state, as demonstrated in the increase in numbers,” Sisolak said. “My administration is exploring all mitigation options available to get this under control, while walking a tightrope to balance public health and economic impacts. The goal is to have the most impact on mitigating the spread and the least impact on our fragile economy.”
The Governor went on to say that the new measures would be announced soon. He also claimed to be “aware of how consequential these decisions are.” Nevada’s economy relied heavily on tourism and gambling. If the tourism industry is shut down here once again, the effects would be devastating.
Not many predict an outright shutdown of casinos. Instead, the Governor may force casinos to further reduce occupancy and implement more intense safety regulations. Operating hours at casinos may also need to be reduced.
This is all speculation. If things begin to get considerably worse over the next week, the dreaded shutdowns could be set in place once again. Make sure to stay tuned for updates!
Other States Have Begun Ordering Casinos to Shut Down
Nevada isn’t the only state seeing its casino industry being severely affected right now. Gambling revenue is down around the entire country. Some states have recently ordered their casinos to shut down, too.
That includes Illinois. Back in 2019, lawmakers here approved a new capital plan to open several new casinos around the state. Officials here seemed excited to expand the number of gambling options available.
As many are aware, Illinois is now seeing a huge increase in hospitalizations. Governor Pritzker finally announced that casinos here would be shutting down starting on Friday. It’s tough news for the gambling companies here.
Many of Colorado’s casinos have been ordered to close their doors, too. Three cities are home to nearly all of the gambling venues here. Fortunately, the state’s new regulated sports betting options are bringing in some valuable revenue.
There are new regulations coming to Nevada soon. The extent of these regulations is unknown. Many of the casino companies here have already been struggling. Another shutdown could have permanent effects on the city of Las Vegas and the state of Nevada.
Do you think Governor Sisolak will order casinos to shut down again? How do you think this would affect Las Vegas? Let us know in the comments section below!