Cosmopolitan of Las Vegas Implements New Security Protocols

Table with Poker Cards and Casino Chips, Welcome to Las Vegas Sign

In the wake of the recent incidents of violence at the Las Vegas Strip, the Cosmopolitan of Las Vegas is stepping up its security procedures.

Beginning last Friday, the Las Vegas casino implemented new several new security features for guests and employees. The heightened security measures will be applied every Fridays and Saturdays around the casino property.

Per statement from the Cosmopolitan:

“In a continued effort to ensure the safety and security of our guests and employees, The Cosmopolitan of Las Vegas has implemented increased security measures on Friday and Saturday evenings at all Las Vegas Boulevard entry and exit points. In partnership with the Las Vegas Metropolitan Police Department, these new procedures are effective immediately, beginning tonight from 6:00PM to 6:00AM and every Friday and Saturday thereafter for the foreseeable future.”

Designated Entrance and Exit Points

The highlight of the new rules is the establishment of designated entrance and exit points. Under the scheme, the Las Vegas Boulevard doors facing the East will be designated as entry points only. Meanwhile, the doors on Las Vegas Boulevard facing north are assigned as exit areas only. Guests who will enter here will be redirected to the doors near Starbucks.

Meanwhile, the Sky Bridge doors will allow both entry and exit of authorized persons. The heightened measures also restrict entrance to the resort with only hotel guests with reservation, F&B guests with reservation, casino guests, and Identity rewards members allowed inside the resort.

Safety Screening

Aside from the designated entrance and exit points, the policy also calls for safety screening upon entry. Each guest will be checked via metal detector with all bags, purses, and backpacks required to be searched too. Likewise, all open and oversized alcoholic drinks or glass products will not be allowed inside the Las Vegas casino. These will have to be consumed or disposed of before the guest’s entry.

The Las Vegas Metropolitan Police Department will assign officers at every entry point to observe and assists resort security personnel. According to officials of the Las Vegas casino and resort, these enhanced security procedures are being implemented to protect the health and safety of the property’s guests.

USA Today Names Best Casinos in the US for 2020

The US remains the biggest casino destination in the world. It’s impressive, especially considering many casinos in the country were shut down for months. Recently, USA Today named the best casinos in the US for 2020 and many are surprised at the results.Slot Machines Inside Casino

Some of these venues were expected to make the list. Others were wholly unexpected. Today, we’re going to take a look at the results of this USA Today list. We’ll also offer some updates on the US casino industry as a whole.

Let’s get into it!

US Casinos Are Still Working to Improve Safety Measures

The US has one of the most unusual casino industries operating today. Here, a mix of both commercial and Native American-run casinos are operating. All of the country’s casinos shut their doors back in March and most have since reopened.

Casino companies are still working hard to make things safe for their patrons. All casinos have safety measures set in place. That includes limiting total casino occupancy, lowering the number of players at table games, and requiring masks to be worn on the casino floor at all times.

Some feel these measures are not enough. There is still a lot that scientists do not know about this new virus spreading around the world. Casinos are now starting to focus on even stricter regulations to help the prevention of infection spreads.

Not long ago, ParkMGM announced it would prohibit smoking once it reopens. Other casino companies started to take notice. Just a few days later, the Cosmopolitan Casino-Resort announced that it was banning smoking in all public walkways and resort corridors.

Casino revenue is still low around the country. Online gambling earnings, however, are jumping quickly around the US. Many of the country’s top casino companies are now working hard to draw in new players while keeping things safe.

Here’s a look at USA Today’s breakdown of the best casinos now operating in the United States.

Here’s a Look at USA Today’s Best Casinos in the US for 2020

Every year, USA Today released a list of its best casinos for the year. This list tends to change each year. It’s not uncommon to see some of the same, world-renowned casinos listed here each year, though.

Many were curious to see how the list would be made in 2020. This is obviously one of the most unusual years in the history of the casino industry. This list has just come out and there are some fantastic gambling venues being featured.

USA Today lists the Mohegan Sun in Uncasville, Connecticut as the best overall hotel-casino in the nation. This venue features three impressive hotel towers for guests. The casino features a massive gaming floor with a wide range of slots and table games.

Las Vegas is home to some of the greatest casinos in the world. Many were astounded to see The D Las Vegas listed as the best gambling venue in the city. It’s located Downtown and offers some unique glimpses into what old Las Vegas felt like.

Feel free to check out the full list of the best casinos in the US for 2020. There are many venues listed that come as somewhat of a surprise. Hope is that all of these casinos see their revenue earnings increase as the year goes on.

New reports show that tourism rates in some of the country’s top casino destinations are still down.

Tourism Rates in Casino Destinations Are Still Low

Every major casino destination around the US has been struggling this year. None have been hit quite as hard as Las Vegas, though. This city’s casinos were shut down back in March and didn’t reopen until June.

Casino-resorts have been slow to reopen here. Today, nearly all of the major casinos on the Las Vegas Strip are now open. Recent reports show that tourism rates are still down considerably in this city when compared to 2019, though. There’s already been a 55% drop in visitation to the city this year.

Analysts are torn on whether or not this will improve as the year goes on. More casinos are opening in Las Vegas every single month. As the colder weather approaches, however, many health experts predict that cases of Covid-19 will start to rapidly increase around the country.

Cities with regulated online gambling operations are bringing in some much-needed revenue right now. Atlantic City, in particular, is seeing massive earnings from its online sports betting and casino industry. Many are now calling for Las Vegas to finally regulate internet casino gambling.

Some feel that USA Today’s list of the best casinos in the US for 2020 could help to boost visitation rates for casinos. It will be interesting to see if things improve as time goes on. Make sure to stay tuned for updates!

Do you agree with this top-10 list? Let us know in the comments section below!

ParkMGM to Reopen as the Strip’s First Non-Smoking Casino Resort

Las Vegas Park MGM Building
The Las Vegas Strip will have its first smoke-free casino at the end of the month.

MGM Resorts International announced on Monday that Park MGM will be a smoke-free facility when it reopens on September 30, 2020. The tobacco smoking ban covers the entire property, including the NoMad Las Vegas boutique hotel located at the upper floors of the resort building. The 5,200-seat Park Theater, which remains closed due to the COVID-19 ban on public gatherings, will also be a no smoking area when it opens its doors again in the future. Smoking areas will be provided outside Park MGM, and tobacco smoking is permitted at nearby MGM Properties like New York-New York and Aria.

Park MGM President Anton Nikodemus says that while it is the first in the Strip, it is not the first of MGM’s properties to be smoke-free. He noted that properties in other states like MGM Springfield in Massachusetts and MGM National Harbor in Maryland also ban smoking. Added Nikodemus:

“We’re making the facility completely non-smoking because of continued guest requests. We believe there is a high level of pent-up demand to have a non-smoking casino, especially here in Las Vegas.”

A Milestone, Not A Gamble

MGM’s move is seen as a milestone and not a gamble.The move is a turning point in a city known for its bright lights and heavy smoking, especially on the gaming floors. Before the pandemic struck, visitors could find ashtrays on every gambling table and and servers parading across the gaming area peddling cigars and cigarettes.

In the past, smoking and second-hand smoking have sparked political debates and even lawsuits. But the pandemic has forced the world to rethink a lot of things. For Sin City, this is one of them. There has been an increasing demand to have non-smoking casinos on the Strip. It’s but fitting that the biggest operator in the city is the first to provide that.

New Slogan

The Park MGM is the property that used to be the Monte Carlo casino-hotel. It has 2,993 rooms and several restaurant’s including Las Vegas’ only Eataly. It has been closed since March when casinos and hotels were shutdown by the government to help prevent the spread of the COVID-19 virus. It is the last of MGM Resorts International’s 29 U.S properties to reopen.

Earlier in the summer, there were rumors that the property on New York-New York and City Center would ban smoking. These stories floated when MGM and other companies started reopening their doors. There were whispers that Park MGM would be the first smoke-free casino in the Strip. On Monday moning, the resort’s website was updated with a new homepage that read: “Let’s Clean the Air: Park MGM is Smoke-Free.”

Las Vegas Sands Named as One of the Best Employers in the U.S.

Las Vegas Sands Corp
Las Vegas Sands Corporation was named as one of the best employers in the United States. In an article published by Forbes on Monday, Las Vegas Sands was officially included in its list of America’s Best-in-State Employers.

Said Sand chairman and chief executive officer Sheldon G. Adelson:
“Our company has built an enduring reputation as a global hospitality and business leader, due in large part to the dedication of our Team Members and leadership team. Our inclusion on the Best-in-State Employers list reinforces and validates that that reputation is well-earned. We set the standard for delivering an exceptional guest experience, maintaining consistently solid financial operations and being a responsible corporate citizenship in our communities, making them better places to work and live.”

Convention-Based Integrated Resort Pioneer

Las Vegas Sands Corporation is the largest developer and operator of world-class Integrated Resorts. It is considered as the trail blazer in the convention-based Integrated Resort Model model which combines state of the art convention facilities with luxury hotel rooms, world class gaming, and a wide-range of other attractions and offerings.

Its properties include two Las Vegas Strip attractions in The Venetian and The Palazzo. It is also the owner of the iconic Asian resort Marina Bay Sands in Singapore. The casino operator also owns the largest properties on the Cotai Strip in Maco, including The Venetian Macao, The Plaza, and Four Seasons Macao.

The company was established by Sheldon Adelson in 1988 when he and his business partners bought the famous Sands Hotel and opened the Sands Expo and Convention Center across the hotel. The 1.2M square foot property is the largest privately owned convention facility in the world.

Best-Liked Companies List

Forbes collaborated with market research company Statista to identify companies that are best-liked by employees. To come up the list Forbes and Statista conducted an independent survey of 80,000 Americans working for businesses with at least 500 employees. The respondents were asked to rate, on a scale of 1 to 10, how likely they would recommend their employer to others.

The first survey was held last year and a ranking of the top 1,430 employers that received the most recommendations in each of the 50 states, as well as in the District of Columbia, was published. On Monday, Forbes released the 2020 list on its site. The list based on surveys conducted from the period of October 2019 to May 2020.

Mirage Set To Reopen on Aug. 27

Mirage
MGM announced on Friday that The Mirage will reopen on August 27th.

The opening comes ahead of the long labor day weekend and the integrated resort is eyeing to capitalize on the expected traffic during that three-day break. Labor day 2020 will be on September 7, 2020. 

The Mirage has been closed since March of this year due to the coronavirus pandemic. When Nevada allowed casino gaming to return last June 4, MGM Resorts said that it would open its Las Vegas properties in phases, and as the travel demand returns.

Said MGM CEO Bill Hornbuckle:

“As we have slowly and thoughtfully reintroduced our properties across the country, we have placed the health and safety of our guests and employees first at all times. Reopening The Mirage allows us to bring many more of our employees back to work, which is critical in the recovery of our community.”

One of the Last To Reopen

The Mirage Casino resort ushered the transformation of the Las Vegas Stip when it debuted in 1989. The 3,044-room resort is part of casino giant MGM Resorts International and is well-known for its iconic volcanic show. It was also the longtime home for world famous magicians Siegfried and Roy. The Mirage has also hosted the popular Cirque du Soleil show “The Beatles LOVE” for years.

Like the other MGM hotels, The Mirage will have complimentary self-service parking by no valet parking. MGM’s health and safety protocols will also be in place. These include the wearing of face masks, use of plexiglass barriers, and the strict implementation of social distancing.

The first MGM hotels to open in the state were Bellagio, New York-New York, and MGM Grand. Aria, Vdara, Mandalay Bay, the Signature at the MGM Grand, Delano Las Vegas, Excalibur, and Luxor followed. The Mirage is one of the last of MGM’s 13 hotels to reopen. After August 27th, only Park MGM and NoMad, a boutique hotel inside Park MGM, will be the only two MGM hotels closed.

Good News

The Mirage did not mention how many employees will return for work during the reopening. However, gaming establishments all over the United States are operating at a decreased capacity as part of the health protocols imposed due to the pandemic, which means lower staff count.

Still, the announcement of the reopening of the Mirage is good news for the Silver state’s depleted economy. The Nevada Department of Employment, Training, and Rehabilitation reported a jobless rate of 15% last June, one of the highest in the entire country.

Last year, Mirage contributed a total of $615.17 in revenue to the Las Vegas economy, an increase of almost $20M from its 2018 income figures. The Mirage ranked fourth among Las Vegas Strip hotels and resorts in revenues, behind only Bellagio, MGM Grand, and Mandalay Bay.

 

Macau’s Gaming Revenue May Begin to Surge

The casino industry around the world has been struggling for the past few months. In Macau, where some of the biggest casino-resorts are located, the casinos have been earning almost no money. Fortunately, Macau’s gaming revenue may soon begin to increase rapidly.Casinos In Macau

China is lifting travel restrictions into Macau. Many analysts predict a huge surge of tourists flocking to this gambling destination. Today, we’re going to look at how this might affect US casino companies.

Let’s get into it!

China is Lifting Travel Restrictions to Macau

China was one of the first countries affected by the new coronavirus spreading around the world. Officials took intense measures to prevent major spreads and now, much of everyday life is beginning to return to normal here. Now, the Chinese government is beginning to allow its citizens to travel to Macau.

This is an exciting move for many people in the country. Macau is one of the most popular vacation destinations for many Chinese nationals. In fact, the vast majority of Macau’s gaming revenue is earned from Chinese players.

Over the next few weeks, China will begin allowing more of its citizens to visit Macau. The casino-resorts here have been open for many weeks. Due to the travel ban, however, this city is earning very little revenue.

Like many other cities, Macau is ordering all of its casinos to adhere to strict social distancing measures. Total occupancy in these gambling venues is being reduced. Some measures, such as installing plexiglass barriers at table games, are also mandatory.

It remains to be seen how many tourists will begin flocking to Macau. Many expect travel deals to begin appearing here. Several of the biggest US casino companies are now looking at this city as one of their primary revenue sources.

Macau’s Gaming Revenue is Expected to Increase Quickly

Much like Las Vegas, Macau is a city that relies heavily on its gambling industry. As we already mentioned, many of the biggest and best casino-resorts on the planet are based here. City officials have been working hard to start getting revenue back to normal.

Of course, things were bad in this city even before the global pandemic hit. The US-China trade war significantly hurt the Chinese economy. As a result, less people from this country have been visiting and gambling in Macau.

Things may finally be starting to improve. China’s economy has been slowly getting back on track. The government has now given the green light for many of its citizens to start making the trip back to this city.

Officials within Wynn Resorts are clearly happy to see this happen. The company released a statement to the media about this situation.

“It has been announced that Guangdong Province, a People’s Republic of China province adjacent to Macau, has eased quarantine requirements for those traveling between Guangdong Province and Macau,” the statement said. “Certain groups of people, including students, teachers and certain non-resident workers who are PRC citizens can travel between Macau and Zhuhai, a PRC city adjacent to Macau, subject to certain health declaration and testing requirements.”

Macau’s gaming revenue will be extremely important for many US casino companies. Many of these companies have lost an incredible amount of money due to the country’s regulations. The ones with casinos in Macau may finally see their earnings come back.

Las Vegas is Getting Back to Normal

The past few months have been incredibly difficult for casinos around the world. From an economic standpoint, Las Vegas was one of the worst-affected cities in the country. Fortunately, things are slowly getting back to normal here.

On June 4th, several of the biggest casino-resorts in this city finally reopened to the public. Most tourists here claimed things were just as fun as they were before. That’s a little surprising, especially considering there are now intense social distancing measures set in place here.

Over the next few weeks, many more of the casino-resorts here are scheduled to open back up. That includes the Aria, the Linq, and Mandalay Bay. Tourism is increasing here every single month.

It may be a long time before things get back to how they were back in January. Some health experts also warn that a second wave of cases could end up shutting down the casinos in Las Vegas once again. It’s a complicated situation that’s constantly evolving.

Hopefully, Macau’s gaming revenue starts to increase this summer. It will be hugely beneficial for many US casino companies.

Stay tuned for more US casino news over the next few months!

Now Might be the Perfect Time to Invest in Casino Companies

After months of being shut down, the US casino industry is slowly coming back to life. Several of the biggest casino-resorts in the country are scheduled to reopen this week. Some now feel that this is the perfect time to invest in casino companies.

Paper On Stocks And Shares

Stock prices have been fluctuating greatly over the past couple of months. There now seems to be a real investment opportunity in the gambling industry. Today, we’re going to look at what analysts predict to happen over the next few weeks.

Las Vegas Casino Industry is About to Reopen

The US has the biggest and most successful casino industry in the world. Many states around the country allow casino gambling. Some have legalized commercial casino gambling while others only permit Native American-run gaming venues to operate.

In March, however, this industry completely shut down. Every state ordered their casinos to close to the public. Health experts warned that these casinos were easy places for the new coronavirus to quickly spread.

These regulations hurt some parts of the country more than others. Perhaps no city took quite as big of an economic hit as Las Vegas. Closing the casinos here resulted in hundreds of thousands of job losses and an unprecedented amount of lost revenue.

Some of the biggest casino companies in the world are based in Las Vegas. All of them have seen their share prices plummet over the past three months. Fortunately, many of the casinos in this city are being allowed to reopen to the public on June 4th.

As a result, some of these company’s stocks are beginning to surge. Some analysts believe Las Vegas will see a massive influx in gamblers looking for an escape from the restrictions in their own states. Some now believe this is the perfect time to invest in casino companies here.

Here’s Why Some Analysts Are Recommending You Invest in Casino Companies

It might seem crazy to think about investing in the land-based gaming industry right now. Even in states that have reopened casinos, the revenue being earned is a fraction of what was coming in a few months ago. There’s no denying the fact that casino stock prices are surging right now, though.

Caesars Entertainment, MGM Resorts International, and Wynn Resorts have seen their share prices surge by more than 140% since March 18th. Penn National Gaming has risen by an astounding 780% from its lowest point in March. Ari Wald, the head of technical analysis at Oppenheimer, spoke with CNBC about the future of these stocks earlier this week.

“Typically at market turning points you’re going to see investors embrace the most beaten-up laggards. For the S&P casinos industry, we are seeing that stability over the last eight weeks. I think you test the underside of that 200-day,” he said. “It’s really just a beta trade. Yes, they overshot to the downside, getting some relief to the upside, but there’s some longer-term concerns. We think instead the premium is going to be on high-growth companies in this low-yielding recovery.”

Many feel that Macau will help to significantly raise these company’s stock prices. China has been quick to recover economically when compared to other countries. Chinese nationals are likely to begin gambling in Macau, where a number of major US-owned casino-resorts are located.

The opening of Las Vegas casinos will help things, as well. The real question is now about how many tourists will begin flocking to this city. We’ll get a much better idea over the next seven days when the casinos here open back up.

Sports Betting Continues to Grow More Popular

Since May of 2018, every state in the country has been given permission to set their own laws on sports gambling. As of today, more than 20 states have now legalized this form of gambling. It’s proven to be incredibly popular.

Prior to the global pandemic, sports betting was growing every single month. The shutdown of major sports leagues brought a stop to this. As more leagues begin to resume their operations, much of this revenue has begun to flow back in.

Interestingly, more states are becoming interested in legalizing sports betting. That includes California, which feels legalizing this industry will help the state recover economically. Lawmakers are now discussing the matter with Native American tribes in the state that want to ensure they receive revenue from the legal sports betting options in the state.

Sports betting has never been more popular than it is right now. This is another reason why so many are advising to invest in casino companies right now. Expect more of these casino companies to focus on their sports gambling options.

This is a pivotal time for the US gambling industry. We may be in for some major changes over the next few weeks.

Stay tuned for more casino news!

Stanley Ho Has Passed Away at Age 98

Macau is considered one of the world’s premier gambling destinations. Stanley Ho is widely considered to be one of the most instrumental person in making that happen. Unfortunately, news has surfaced that Ho has passed away at age 98.Stanley Ho

It comes at an unusual time for Macau. Casino revenue here is now lower than it has ever been. Today, we’re going to discuss what this territory is doing to recover from the current economic situation it finds itself in.

Let’s get into it!

Macau’s Casino Revenue Continues to Plummet

Macau is home to many of the biggest and most expensive casino-resorts on the planet. Over the past few decades, it’s grown to become one of the world’s top gambling destinations. Unfortunately, revenue here has been dropping steadily for more than a year.

China’s economy has slowed considerably due to the US trade war it’s currently engaged in. As a result, fewer Chinese nationals are visiting Macau. As many are well-aware of, Macau relies heavily on Chinese gamblers for revenue.

This situation was tough on casino companies here. It was, however, manageable and many felt that as the Chinese economy improved, things in Macau would get better, as well. Unfortunately, the global pandemic has taken things from bad to horrible.

For a time, all of the casinos in Macau were closed down. They eventually opened back up, yet tourism here is almost non-existent. As a result, many of the casino companies in Macau are losing millions of dollars every day. It’s still unclear when revenue figures will begin to improve.

It’s a very difficult situation. Many of the city leaders here are now working to come up with ways to boost tourism. Unfortunately, one of the men responsible for making Macau what it is today has just passed away.

Stanley Ho Passed Away This Week

Those in the casino industry are well-aware of Stanley Ho. The former smuggler grew to become one of the most powerful men in Macau. He wasn’t without controversy, though, and many have criticized the casino mogul for his connections to several powerful crime groups.

Ho fled to Macau during World War Two. He was broke at the time, and ended up smuggling goods into China from Japan. As the war came to an end, Stanley Ho began to lead the reconstruction of Hong Kong.

In the 1960s, Ho secured a monopoly to control Macau’s emerging casino industry. It proved extremely profitable and he quickly became one of the richest men in China. As his age increased, Ho’s daughter began to take over much of his responsibilities.

New reports confirm that Stanley Ho has passed away at the age of 98. Many in the casino industry are paying their respects to one of the most important casino owners in Asia. Pansy Ho has already released a statement, claiming she knew it was coming, yet she’s still incredibly sad.

“The family of Stanley Ho today, with a very heavy heart, announced that [Ho] passed away peacefully at the age of 98 at around 1:00 pm today at HKSA,” Pansy said in an official press conference. “Even though we knew that this day would come, it doesn’t lessen our unspeakable sadness.”

This isn’t likely to have any major effect on Macau. As we mentioned earlier, Stanley’s role in the industry was passed on years ago. Casino owners are now looking at other leaders in Macau for news on how the city will improve.

US Land-Based Casino Industry Begins to Reopen

Macau isn’t the only area where casinos are struggling. All over the world, gambling venues are seeing their revenue earnings drop. That includes all of the casinos in the United States. Fortunately, things are beginning to improve here.

Some states have allowed their casinos to open back up. In Mississippi, for example, most of the coastal casinos are now accepting guests at limited capacity. The same is happening in Oklahoma.

Even some of the casinos in California have begun operating again. It’s surprising, considering this state has been one of the slowest to reopen. All of the casinos here are run by Native American tribes and sit on sovereign land.

Interestingly, casinos are still not open in Las Vegas. It’s been incredibly difficult for this city, which continues to lose millions of dollars every single day due to these regulations. Based on what city officials are saying, casinos will open back up here next month.

When Las Vegas casinos reopen, they won’t look the same way they did in the past. Major social distancing measures will be set in place to protect guests and staff. It’s unclear how much revenue these casinos will be able to generate.

Are you sad to hear about the passing of Stanley Ho? When do you expect Macau to recover from this current situation? 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.

US Casino Revenue Continues to Plummet

Prior to March of this year, the casino industry in the United States was surging. Most states were earning a huge amount of revenue from their gambling venues. That is no longer the case. According to new reports, US casino revenue continues to plummet.Revenue Drop Picture

Some states are being impacted more than others. New reports indicate casinos in Pennsylvania, New Jersey, and Delaware are all losing an incredible amount of money right now. Today, we’re going to look at exactly how much revenue has fallen in these states.

Let’s get into it!

Certain States Are Now Beginning to Open Up

Since March, states around the country began going into lockdown. Infection rates of the new coronavirus have risen in some areas and started to fall in others. Certain parts of the US are now experiencing relatively low rates of infection and are preparing to open back up.

This includes Georgia, which has already lifted most social distancing measures. Governor Brian Kemp has allowed businesses like restaurants to open, yet things are far from normal. Some health experts believe that opening back up to early will result in a major increase in cases in some states.

It’s a very difficult situation. State leaders are trying to weigh the pros and cons of allowing businesses to start operating again. One state that’s being hit particularly hard due to these new regulations in Nevada.

Cities like Las Vegas are nearly shut down right now. Tourism and gambling account for a huge percentage of the city’s revenue. No visitors are coming to Las Vegas right now and this revenue is simply not flowing in. Casino officials have now begun discussing plans to get things back to normal.

Las Vegas Mayor Carolyn Goodman is now calling for the city to open back up. Interestingly, several casinos here are preparing to open their doors in late May. We’ll need to wait and see how long it takes for revenue to start increasing here again.

New reports are revealing how the gambling industries in other states are doing right now.

US Casino Revenue is Dropping Quickly

We’ve been reporting on how much money certain casino companies are losing for weeks. Several of the top casino companies in the US have stated things need to change. New reports are now beginning to surface that show how much money has been lost in Pennsylvania, New Jersey, and Delaware.

These three states all have something in common. Online casino gambling has become legal and regulated here. Unfortunately, it does not appear these internet casinos are able to make up for the revenue being lost by the land-based casino shutdown.

Pennsylvania’s gambling revenue dropped from $304 million in February to just $154 million in March. New Jersey saw a decrease of $124 million last month. That’s an incredible $274 million lost between these two states in just one month.

It’s clear that online gambling is surging in these states. In fact, revenue from Pennsylvania’s online gambling platforms increased by 24%. Doug Harbach, a spokesman for the Pennsylvania Gaming Control Board, spoke about this situation to the media this week.

“We certainly have seen an uptick in online play, in particular table games, the biggest being poker,” he said. “It does not make up for the casino losses. It will not come close to satisfying the tax revenue we’ve been used to.”

What’s Happening in Atlantic City Right Now?

There’s been a lot of discussion about Las Vegas over the past few weeks. Many have talked about how this city will approach the new regulations around the country. Interestingly, Atlantic City hasn’t been a major talking point.

Based on the new US casino revenue reports, it’s clear that this city is hurting. All of the casinos are shut down here and it may be months before they’re allowed to open. Some have expressed fear that some of the gambling venues here will be forced to shut down permanently.

Gambling revenue dropped by 44% last month compared to the same month in 2018. Online gambling revenue increased by nearly ⅔ last month, though. Many casino companies here are likely to start investing more into their internet gambling marketing efforts.

Things are already beginning to change in Atlantic City. Last week, Caesars Entertainment announced it was selling Bally’s for $25 million. More property sales may start taking place here over the next few months.

US casino revenue is falling fast. Some states are now choosing to open up different businesses. Unfortunately, it may be a long time before any land-based casinos are able to open to the public again.

Stay tuned for more US casino news over the next few weeks!