Here’s Why Station Casinos is Selling Property in Reno

Station Casinos is one of the largest casino operators in the state of Nevada. Unfortunately, the company has been struggling to generate revenue over the past six months. As a result, several properties are being sold around the state. Today, we’re going to look at why Station Casinos is selling property in Reno.Reno Sign

It’s been a hard year for casino operators around the world. Station Casinos is now focused on new strategies to generate revenue. That includes major property sales.

Let’s look at what land is being put up for sale right now.

Nevada’s Casino Revenue Begins to Hold Steady

The state of Nevada has always been known for having one of the largest and most successful casino industries in the world. A huge number of large and small casinos are located here. Las Vegas remains the state’s most popular gambling destination.

Under normal circumstances, casino revenue in this state is higher than anywhere else. 2020 has been an unusual year, though, and the land-based casino industry is being severely impacted. For months, casinos around the United States were completely shut down.

Governor Sisolak gave the green light for Nevada’s casinos to open in June. Casino companies hoped that revenue from this industry would immediately bounce back. That has not been the case, and earnings remain significantly lower than they were last year.

Things appear to be holding steady now. Nevada’s gambling industry generated $756.8 million in July. That’s a large improvement from June, yet far below what was earned in July of 2019. Most analysts predict revenue earnings to be slightly higher once again in August.

This drop in revenue is taking a serious toll on casino companies based in Nevada. Some have begun looking at new ways to bring in money. Unfortunately, that could result in major property sales around the state.

We’re now beginning to hear that Station Casinos plans to sell some of its land in Northern Nevada.

Station Casinos is Selling Property in Reno This Year

Over the past few years, we’ve seen a number of massive casino sales. Much of these came from Caesars Entertainment and Eldorado Resorts, two companies that have merged this year. In order for this deal to go through, various state gambling commissions forced these companies to sell several of their casinos.

Things are different now. Many casino companies are now being forced to sell their properties to make up for lost revenue. In some cases, keeping casinos operational is no longer feasible and actually costs money.

That seems to be the case for Station Casinos, one of Nevada’s biggest casino operators. More than a decade ago, this company announced plans to break into Reno’s casino market. It bought massive areas of land in the city and revealed plans to open several major casino-resorts here.

It’s now been confirmed that Station Casinos is selling its property in Reno. That includes the 89-acre piece of vacant land on Mount Rose Highway and the eight-acre property near the Reno-Sparks Convention Center. It’s clear that company officials no longer see the benefit in holding onto this land.

Many of Reno’s top officials are disappointed to see this land sold. They’d hoped that several new major gambling venues would open here. Unfortunately, that’s no longer possible under the current state of the county’s land-based casino industry.

We may even see several major Las Vegas property sales take place soon.

Expect More Las Vegas Casinos to Go Up For Sale

As we said earlier, Las Vegas has always been the world’s top casino destination. Some of the most expensive casino-resorts ever built are located here. Prior to 2020, more than 40 million tourists would flock to this city every year.

Even the biggest casinos here have seen their revenue drop immensely in 2020. That includes Wynn Resorts, Las Vegas Sands, and MGM Resorts International. Most gaming analysts predict this trend will continue throughout the rest of the year.

Many of the smaller casinos around Las Vegas remain closed. Some are owned by Station Casinos. Officials within this company have recently told the media that several of these properties are likely to permanently shut down.

There’s a chance that we could see major casino-resorts sold here over the next few months. Several top gaming officials claim this remains a real possibility. Some even fear that new casino-resorts such as Resorts World Las Vegas will be forced to delay their construction.

Station Casinos is selling property in Reno. The company also claims it’s likely to put some Las Vegas casinos for sale. We’ll need to wait and see if any other major casino-resorts are sold over the next few months.

Are you surprised to see Station Casinos move out of Reno? Do you think any major casinos will be sold in Las Vegas? Let us know in the comments section below!

Spending in Las Vegas Remains Low Throughout 2020

Las Vegas remains one of the biggest tourism cities in the United States. Unfortunately, the tourism industry has been struggling for almost the entire year. Things are improving, yet tourism spending in Las Vegas is considerably lower this year than it was in 2020.Spending Money

It’s not what city and state officials had hoped to hear. Many felt that by late-August, we’d be back to normal. Now is the perfect time to take a look at how much money visitors to Las Vegas are spending right now.

Let’s get into it!

Casino Revenue is Slowly Increasing in Nevada

In early June, after months of deliberation between state leaders and gaming officials, casinos in the state of Nevada were finally given permission to reopen. At first, only a few of the major casino-resorts in Las Vegas began to open back up. As time went on, more of these massive gambling venues started to reopen.

In 2020’s second quarter, casino revenue was almost non-existent. Wynn Resorts saw its revenue during this time fall by 95% when compared to 2019. Las Vegas Sands was even worse with an astounding 97% drop in its Q2 revenue.

This wasn’t surprising, though. In April, and May, and June, most casinos in the state of Nevada were completely shut down. The only money these properties were making came from their online operations. Things immediately began to improve in quarter three of 2020.

July was certainly a better month than June. August is likely to be an even better month than that. Unfortunately, the revenue that casinos in Las Vegas and the rest of Nevada are earning is still considerably lower than what was being made in 2019.

It’s now becoming clear that tourism is down, as well. Reports are beginning to come out that show how many visitors are heading to Las Vegas, and how much they are spending. Things are a little worse than many had hoped.

Here’s where things stand.

Tourism Spending in Las Vegas is Still Down Heading into September

A huge number of employees in the city of Las Vegas rely on tourists. The closure of casinos has resulted in a major dip in tourism and things have still not completely recovered. It now appears that many visitors here are still unwilling to spend as much as they would have prior to March.

Jeremy Aguero, principal for Applied Analysis, claims the state is getting a different kind of tourism and, as a result, spending is down.

“While there’s no doubt that some high-valued consumers have found their way back to Las Vegas … there’s a broad mix of consumers that are ultimately coming back,” he said. “You’re getting a lot of drive-in traffic … (which) is going to be a bit different in terms of spend profile than what you would normally see.”

Macquarie Research just released a report that details how much spending in Las Vegas has dropped in 2020. The report shows that 40% of Las Vegas visitors would spend less money than they would have in 2019. 50% of visitors claim they would spend the same amount of money.

Interestingly, 37% of the people surveyed claim they would spend less time in Las Vegas amid the pandemic. 60% claim the pandemic would have no impact on the amount of time they spend in the city.

This is a tough blow for the employees that rely on tips and generous spending. Hope is that rates of tourism and spending begin to increase as the year goes on.

Casino Worker Layoffs Are Still Taking Place Around the US

Individual employees aren’t the only ones being affected by the drop in spending in Las Vegas. Major casino companies are feeling the dip in revenue, as well. This is leading to many companies being forced to lay off large numbers of workers.

We’ve been seeing this since March. That month, a huge number of workers were informed their jobs would be lost. Many of these jobs returned in June, only to be taken away as revenue earnings failed to bounce back.

Many of the top casino companies in Nevada are doing everything they can to avoid these layoffs, though. In late July, Las Vegas Sands announced a new plan to pay their workers. The Sheldon Adelson-run company claims it will continue paying all employees until at least October 31st.

Hopefully, things have improved in a major way by then. The trend seems to be heading that way. Several states have begun seeing large casino revenue increases. No one can really say how things will look by the end of 2020.

It may take years before spending in Las Vegas is back to the way it was in 2019. We’ll continue to offer updates on tourism rates and revenue here over the next few months.

Are you surprised to hear that spending is down in Las Vegas? When do you expect things will return to normal? Let us know in the comments section below!

Events at the HyperX Esports Arena Are Set to Resume

As the weeks go on, more venues in Las Vegas open up. Most major properties here are starting to accept guests again in hopes that it helps to boost tourism into the city. This week, news surfaced that events at the HyperX Esports Arena are about to resume.HyperX Esports Arena

This is the largest Esports venue in the city of Las Vegas. We’re likely to see several major gaming tournaments take place here over the next few weeks. Today, we’re going to talk about how the opening of this major arena will affect Las Vegas moving forward.

Let’s get into it!

Esports Betting is More Popular Than Ever Before

When all major sports leagues shut down in March, no one could accurately say how long this would last for. As the weeks dragged on, it became clear that the professional sports industry was in trouble. It wasn’t until May that some of the country’s leagues began to resume their operations.

Esports, however, never truly shut down. Unlike traditional sports, these events can easily be played with social distancing measures set in place. For a time, major Esports tournaments were the only form of live entertainment out there.

Video game fans began tuning into the different events taking place around the country. Many of these fans began to realize that different online sportsbooks such as Bovada offer betting odds for these tournaments. In some cases, the odds for Esports tournaments are better than what you’ll find for a traditional sporting event.

We’re now in August, and many of the country’s professional sports leagues have resumed. Some are finding more success safely putting on their seasons than others. Incredibly, the popularity of Esports betting has not dropped significantly even as more sports get back on track.

Gaming fans have several exciting events to look forward to over the next few weeks. That includes the Call Of Duty League tournament scheduled to begin on August 19th. A full set of odds are now available for this tournament.

It’s now beginning to look like we’ll soon see major in-person Esports events taking place in Las Vegas again.

AEE is Already Booking Events at the HyperX Esports Arena

The professional sports industry is far from being the only one being hit hard this year. As more are aware of, the land-based casino industry has been devastated over the past six months. Most casinos around the country have started operating again, yet gambling revenue remains far lower than what it was in 2019.

This has obviously taken a major toll on Las Vegas. In June, many of the casinos here began accepting guests again. Today, nearly all major casinos in the city have started operating again and revenue is slowly beginning to increase.

With many restrictions now lifted, more venues in the city are looking to reopen, as well. News has just surfaced that events at the HyperX Esports Arena are set to resume soon. Allied Esports Entertainment, owners of this major venue located inside the Luxor Hotel-Casino, have confirmed that they’ve already begun booking events.

Hope is that the resumption of events here will boost the company’s revenue earnings. In 2020’s second-quarter, AEE saw its revenue drop by an astounding 78%. Company officials attribute this drop to the closure of the HyperX Arena. As events resume here, earnings should quickly increase. CFO Tony Hung gave his take on the situation to the media this week.

“I definitely feel that we’ve kind of reached the bottom and that we’re starting to trend back up again,” Hung said.

AEE claims to have events booked months in advance. The first major Esports events should resume here within the next couple of weeks. Odds for these events are likely to become available online as soon as they are announced.

What else is expected to open in Las Vegas?

Health Officials Continue to Keep an Eye on Nevada

Nevada has been working hard to revamp its tourism industry. Of course, this comes with an added health risk to residents in the state. With casinos now open, many fear that rates of Covid-19 will continue to increase in the state.

That isn’t stopping casino companies from opening more of their venues. As we already mentioned, nearly all of the major casino-resorts on the Las Vegas Strip are open again. Casino construction projects have resumed, as well.

For years, Resorts World Las Vegas has been under construction. It’s the most expensive casino-resort ever built in the city. Despite the numerous complications stemming from the global pandemic, the plan to open this new property in summer of 2021 remains in place.

Another exciting new venue being constructed here is the MSP Sphere. It’s a massive new entertainment venue located just off the Strip. An official opening date for this venue has not been announced.

Soon, events at the HyperX Esports Arena will resume. Hopefully, this helps to boost tourism into Las Vegas while bringing Allied Esports Entertainment some much-needed revenue.

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

The Las Vegas Sands Revenue Reports Are Out!

Las Vegas Sands is one of the biggest and most successful casino companies in the United States. Unfortunately, it’s been experiencing a major drop in earnings over the past few years. This week, the Las Vegas Sands revenue reports surfaced and many are shocked to see how far things have dropped.Las Vegas Sands Logo

The truth is that all US casino companies are seeing their revenue figures decrease. This is a tough time for this industry. Today, we’re going to look at how much money LVS managed to bring in during 2020’s second quarter.

Let’s get into it!

Tourism in Las Vegas Continues to Drop

Las Vegas is home to the world’s greatest casino-resorts. Some of these were constructed decades ago. Others are brand new. There are even a huge number of world-class properties being constructed here right now!

Unfortunately, tourism into Las Vegas has been dropping steadily over the past few weeks. As you probably already know, rates of Covid-19 continue to increase around the United States. That’s certainly the case in Nevada.

Nearly 40,000 cases have already been reported in this state. The vast majority of cases are in Clark County. Thousands of new cases have been recorded in Clark County over the past couple of weeks alone.

The casinos in Las Vegas rely on tourism. Unless visitors are flocking to the city, these massive properties won’t earn any money. It’s no surprise that most casinos here have been seeing their revenue drop considerably.

Hotel-casinos in the city are doing everything they can to increase their profits. Some have decided to cut down on the number of rooms available. Others are offering travel deals to attract more players. None of these efforts seem tremendously successful.

We’re now starting to hear about exactly how much money the casino companies here are losing.

Here’s What the Las Vegas Sands Revenue Reports Say

We all knew that casinos in Nevada are hurting. With that being said, it’s jarring to see exactly how much money these properties are losing. Over the past couple of days, more of Nevada’s casino operators have been reporting on their second-quarter revenue earnings.

The Las Vegas Sands revenue reports are coming out. According to these reports, this massive casino company has seen its revenue drop by an incredible 97% last quarter when compared to the same three months in 2019. That makes this the worst quarter in the company’s history.

Through April, May, and June, this company brought in just $98 million. That’s an incredible drop from the $3.3 billion made over the same three months last year. Chief Operating Officer Rob Goldstein spoke about the reports during a media conference call this week.

“We’re in a world of hurt here, in terms of Las Vegas,” Goldstein said. “Vegas is dependent on airlift, it’s dependent on group and convention. It’s not a casino-driven market anymore, so we’re struggling here. And I think I speak for Las Vegas – Venetian and Palazzo – that I assume that may translate to other properties as well.”

CEO Sheldon Adelson claims that the recovery process is underway. It’s guaranteed that 2020’s third quarter will be better than the second one. Unfortunately, things are likely to remain very tough for this company throughout the year.

Are any of these companies in danger of going under?

Looking at the Future of the US Casino Industry

The entire world is in an unprecedented time right now. A huge number of industries have been affected by the global pandemic. Some may never recover. Many analysts are trying to understand the long-term effects on the land-based casino industry.

Obviously, things are incredibly difficult for casino companies right now. If rates of Covid-19 begin to drop, however, the industry could be poised for a major comeback. Many international casino destinations with low infection rates are seeing their gambling revenue increase.

Some of the smaller casinos may end up being forced to permanently close down. That’s unlikely to happen with the big ones, though. These companies are likely to receive funding from the government.

Most US casino companies are now focusing on their online gambling operations. Ones with property in states with legal sports betting are seeing their earnings come mostly from this industry. Of course, the real money will always be in gamblers playing inside the casinos.

Only time will tell how long it takes for casino revenue to return to the way it was in 2019. There are many factors in play that will have an impact.

Are you surprised to see the Las Vegas Sands revenue reports? How much money do you think this company will make in quarter three of this year? Let us know in the comments section below!

Nevada’s Record New COVID-19 Cases Puts State in ‘Red Zone’

Welcome to Las Vegas SignAccording to a new report from the Center for Public Integrity, which cites an unpublicized document made ready for the White House Coronavirus Task Force, Nevada is now among the nation’s “red zone” states for its number of COVID-19 cases.

The 18 states listed in the red zone in the document are Alabama, Arkansas, Arizona, California, Florida, Georgia, Idaho, Iowa, Kansas, Louisiana, Mississippi, North Carolina, Nevada, Oklahoma, South Carolina, Tennessee, Texas, and Utah.

The 11 states that are in the red zone for test positivity are Alabama, Arizona, Florida, Georgia, Idaho, Louisiana, Mississippi, Nevada, South Carolina, Texas, and Washington.

What qualifies a state for “red zone” designation? It’s when a state shows over 100 new cases per 100,000 people in the last week. When compared to the national average of 119 new COVID-19 cases per 100,000 people, Nevada reached 173 new cases per their population of over 100,000.

According to the Nevada Health Alliance dashboard, Nevada’s cumulative test positivity rate increased to 8.6 percent from 7.6 percent. The daily positivity rate also jumped, going from 11.6 percent up to 17.7 percent.

The Center for Public Integrity report advises that the state has seen stability in its COVID-19 trends most recently, but state data show a contradiction.

Nevada’s Clark County, which includes the famous Las Vegas Strip, has effectively put the state into the red zone.

Other, less populated counties, including Washoe, Elko, Nye, and Lyon, remain in the yellow zone, which means there were only 10 to 100 cases per 100,000 people in the last week.

What Actions Should ‘Red Zone’ States Be Taking?

According to the White House document, there are currently 18 states categorized in the coronavirus “red zone.”

The unpublicized documents recommend that these states return to more stringent coronavirus protective measures, which includes, but is not limited to, limiting social gatherings to no more than 10 people, shutting down bars and gyms, and asking that all residents wear masks at all times.

Dr. Ashish Jha, director of the Harvard Global Health Institute, believes that there’s no reason as to why this document hasn’t been made available to the public. As a public health matter, he says that the White House document should be published and updated daily, to where all citizens can be informed and keep track of it.

Dr. Deborah Birx, a leader in the task force, says the task force is closely monitoring Arizona, California, Florida, and Texas, but that the series of other states also in the red zone should seriously considering limiting social gatherings of all kind.

But while the task force has made their safety recommendations clear, some states are simply not following or going against their advice.

In their document, it states that Georgia, a red zone state for both cases and test positivity, has mandated mask use statewide whenever an individual is outside of their home. But the Gov. Brian Kemp of Georgia recently signed an order on Wednesday banning localities from mandating mask use. This hasn’t been going over well with Georgia Mayor Keisha Lance Bottoms.

According to Jessica Malaty Rivera, science communication lead at the COVID Tracking Project, she explains that if the test positivity rate is above 10 percent, that a state or county is not doing an effective job at mitigating the outbreak.

Rivera says that in an ideal world, we want test positivity levels to be at or below three percent. That rate shows the suppression of COVID-19.

How Nevada is Responding to Surge in COVID-19 Cases

With the surge in cases in the Silver State, it makes Nevada the latest state to roll back its phased reopening plan.

We saw this at Gov. Steve Sisolak’s state address last Thursday, where he mandated that all bars in several Nevada counties return to their phase one reopening restrictions. What that means is that any bar that does not serve food must shut down. Bars in restaurants and on casino floors must also remain closed and not allow anyone to sit in the bar area.

The rolled back restrictions also called for no more than a party of six at a restaurant.

On Thursday, Nevada Health Response officials announced that they have begun working with Nevada Association of Counties, Nevada League of Cities, and municipalities across the state in an effort to share their reports with local governments.

Late last month, Gov. Sisolak also mandated mask use in all casinos and nearly all public spaces in Nevada, outside of eating or drinking.

Under the Gov. Sisolak’s emergency directives, Nevada’s local governments have the power to enact more restrictive COVID-19 regulations than those issued by the governor.

While the governor has been doing his due diligence to try to stop the surge in COVID-19 cases, hospitalizations, and test positivity rates, the recent bar closure mandate has not gone over well with many bars in Clark County.

In fact, 37 bars in the county are suing over the recent mandate, stating that they were in compliance with specific the COVID-19 protocols and safety measures when they reopened to the public and that their specific hospitality sector feels singled out by the order.

The governor’s directive has also rolled back on its number of people allowed at public gatherings. The current directive states that public and private gatherings must be restricted to 50 people or fewer.

Current Coronavirus Cases in Nevada

According to recent state health data, close to 123 people visiting the state, namely Las Vegas in recent weeks reported testing positive for coronavirus after returning home.

The cases have increased since casinos were allowed to reopen on June 4, but it’s hard to tell whether the casinos reopening are a result of the rise in cases or the fact that cases are surging nationwide.

So far, the biggest wave of cases was seen between June 22 and June 28, when a total of 31 visitors reported that they tested positive for COVID-19 in the state.

Eight of those 31 visitors were from Arizona, 13 from California, two visitors each from Florida, Texas, and Utah, and one resident each from Colorado, Illinois, Tennessee, and Brazil.

Between the end of June through the fourth of July weekend, 24 visitors tested positive, with half of that number being visitors from California. As of early June, 46 percent of visitors who have tested positive for the virus hail from California.

As of today, Nevada has reported almost 32,000 confirmed cases of COVID-19, with 626 COVID-related deaths.

Take a look at what’s reopening in Las Vegas at the current moment, and what’s closing down.

Stay Tuned

As we continue to monitor the situation, it’s unsure whether casinos will be impacted by the increase in COVID-19 cases.

We hope that they won’t be forced to shut down again, but we know that the safety and health of visitors and residents are paramount during this time of uncertainty that we are all faced with.

We might see that the recent bar closures will help the state’s numbers to restabilize, or that’s what we hope for at least.

Be sure to check back for more coronavirus updates in Las Vegas, and be sure to stay safe, masked up, and hands washed wherever you go!

The 2020 Global Gaming Expo is Officially Canceled

Las Vegas is known as the convention capital of the United States. Under normal circumstances, there are major conventions taking place in the city on a weekly basis. That’s not the case this year, and news has just broken that the 2020 Global Gaming Expo has been officially canceled.Global Gaming Expo Logo

As many are aware, this is the largest gaming industry event in the country. It regularly draws in tens of thousands of individuals. Today, we’re going to look at why this event has been canceled and when we may see the next one.

Let’s get into it!

Las Vegas Continues to Cautiously Reopen

On June 4th, Governor Steve Sisolak finally gave the green light for casinos in Nevada to reopen. It was a huge decision for residents here, many of whom rely on the gambling industry for employment. Most of the state’s gambling venues have been open since March and tourism continues to slowly increase.

State leaders remain cautious, though. Cases of Covid-19 have been increasing around the country. There has been a significant increase in infections in Nevada too and most feel it’s due to the reopening of casino-resorts.

There’s no going back for this state. Ordering the casinos here to close once again would be devastating to the local economy. No one expects Sisolak to take this drastic of a step. Smaller, less intrusive restrictions may still be implemented, though.

Casino companies in Las Vegas are trying to lure in visitors with travel deals and discounted room rates. We’ll get a much better picture of how much revenue is being earned here at the end of July. For now, everything is speculative.

The gambling and entertainment industry in this city is now up and running. Things are still very different here and it may be years before any real sense of normalcy is back. This week, officials ordered the cancelation of a major convention.

AGA Officials Cancel the 2020 Global Gaming Expo

The gambling industry has been growing steadily in the US for the past few decades. More states have realized the revenue potential in this industry. Every year, tens of thousands of individuals involved in the gaming industry meet up at the Global Gaming Expo to meet and network.

Unfortunately, this will not take place in 2020. Officials within the AGA have officially decided to cancel the 2020 Global Gaming Expo over concerns about health safety. AGA President and CEO Bill Miller spoke about this decision to the media this week.

“In light of continued uncertainty around a viable marketplace at a physical G2E show, global travel restrictions, and currently unknown guidance on large public gatherings this fall, we have come to the unfortunate conclusion that we simply cannot hold an in-person G2E this year,” he said. 

This isn’t an entirely surprising decision. Any gatherings of extremely large crowds are discouraged. It’s not entirely clear when an event like this one can take place again. Of course, many in the gambling industry are still extremely disappointed to see the 2020 Global Gaming Expo canceled.

Las Vegas may not see any major conventions for months. It’s an unprecedented time. Perhaps we’ll see events like the once canceled this week take place virtually. For now, the plan is for the next Global Gaming Expo to take place in October of 2021.

East Coast Gambling Hubs Are Beginning to Open Back Up

Las Vegas was the first true US gambling destination to open back up. Tourism remains fairly low here, yet it was crucial to get things running again for the residents of this city. Over the past couple of weeks, several other major gambling destinations have opened back up.

Over the July 4th weekend, Atlantic City officially began allowing casinos to start operating again. It was a long-time coming for those living in and around this city. Of course, there are several new rules being implemented in these casinos that many are complaining about.

Safety is still the number-one priority for officials in New Jersey. Inside the casinos here, eating, drinking, and smoking are all prohibited. Many feel this takes away from the fun atmosphere these venues previously offered.

Don’t expect any major conventions to take place in Atlantic City soon. New Jersey is just finally beginning to see its Covid-19 infection rates drop. State leaders don’t want to see another spike in cases.

Many will be affected by the 2020 Global Gaming Expo cancelation. Some analysts predicted that things would be back to normal by then. We’ll continue offering updates on what’s happening in Las Vegas over the next few months.

Have you visited Las Vegas since the casinos reopened? How did you like your trip? Let us know in the comments section below!

Nevada’s Gaming Revenue Figures for May Are Now Out!

Nevada began to open its gambling and tourism industry in early June. This month is now wrapping up, and we’re continuing to see just how devastating it can be to close down the state’s gambling industry. Nevada’s gaming revenue figures for May are out and many are shocked to see how little money was made.Revenue Drop Picture

Fortunately, the casinos are now back up and running. It’s guaranteed that more money will be made in June than was made in May. Today, we’re going to break down these revenue reports.

Let’s get into it!

Las Vegas is Working Hard to Get Back to Normal

Our team has been covering the situation in Las Vegas for months. Back in March, we continued offering updates on the casino shutdown. Back then, not even the top gambling analysts in the country could accurately say when the city’s casinos would be able to open back up.

Mayor Carolyn Goodman was one of the first officials to start calling for the city to reopen. Most health experts criticized her eagerness to get the casino industry up and running again. Unless strict health and safety measures were set in place, it seemed likely that a new surge in Covid-19 cases would end up taking place.

In mid-May, casino companies presented a comprehensive reopening plan to state leaders. Eventually, the Nevada Gaming Control Board officially approved this plan. Governor Sisolak announced that many casinos in the state would be given permission to reopen on June 4th.

Many were skeptical about how many tourists will begin flocking to this city. Concerns over the new coronavirus are still very new, yet many want an escape from the regulations in their own states. According to several reports, a surprisingly large number of people from around the country immediately started flocking to Las Vegas.

It shouldn’t come as a major surprise to see that Covid-19 infection rates have begun to skyrocket over the past few weeks. Nevada’s infection rates are rising sharply and many casino workers are now complaining that not enough safety measures are set in place to protect them. This week, revenue reports for May came out and things are just as bad as many predicted they would be.

Nevada’s Gaming Revenue Figures For May Have Been Released

The state of Nevada is filled with casinos. In many ways, the casino industry here is the lifeline of the state. Shutting down these gaming venues back in March affected Nevada in ways that may last for decades.

Everyone knew that gaming revenue back in May would be low. It’s still surprising when you see just how little money the state’s gambling industry really made. Nevada’s gaming revenue figures have just been released and it’s clear that the state desperately needed these gaming venues to open back up.

According to the Gaming Control Board, the state’s gambling industry brought in just $5.8 million in May of this year. To put things into perspective, this state earned $982 million in May of 2019. That represents an incredible 99.4% drop in revenue.

Nevada’s gaming revenue figures for May came entirely from online poker and internet sports betting. Some parts of the state including Reno and Laughlin saw their revenue figures decrease in May. The casinos in South Lake Tahoe brought in just $17,457.

The Las Vegas Strip earned the most money during the month of May. This area of the city is home to the biggest and most impressive casino-resorts on the planet and managed to bring in $3.8 million. The great thing is that revenue will assuredly be higher in June. Exactly how much money was earned last month is not yet known.

Las Vegas Casinos Still Struggle To Bring in Players

The time period between March and early June was perhaps the toughest in the history of Las Vegas. Hundreds of thousands of individuals here were left without work after the casinos closed. The casino companies themselves told the media that they won’t be able to survive without significant loans from the federal government.

The casinos here began opening on June 4th, yet that doesn’t mean things have immediately turned around here. Tourism is still significantly lower than it was at the start of this year. After a new order from Governor Sisolak, some fear tourism rates will begin dropping here once again.

Late last month, Sisolak announced that it is now required to wear masks in public venues, including casinos. Exactly how well this is being enforced is up for debate. Most agree, however, that an order like this one is likely to put off many potential visitors.

Nevada’s gaming revenue figures for May prove how devastating it can be to close down the state’s casinos. It’s an extremely difficult situation and no one seems to understand how to effectively move forward.

More casinos are scheduled to open up here over the next few weeks. No one really expects state leaders to force these properties to shut down again anytime soon. We’ll continue to offer updates on this situation.

Do you plan on visiting Las Vegas anytime soon? How much money do you expect the casinos here to earn this summer? Let us know in the comments section below!

The Las Vegas Luxor May Soon Be Demolished

The city of Las Vegas is going through some major changes right now. Casinos are beginning to open up, yet many are struggling to bring in tourists. According to new reports, the Las Vegas Luxor could soon be demolished.Las Vegas Luxor

It’s surprising news for many individuals. This hotel-casino is one of the biggest and most historic in Las Vegas. Today, we’re going to look at when exactly MGM Resorts is considering tearing down this massive property.

Let’s get into it!

Nevada Casinos Face Backlash for Lack of Safety Measures

The world’s best casino-resorts are based in Las Vegas. Obviously, it was hugely important for state leaders in Nevada to get these venues up and running. Governor Steve Sisolak announced that casinos in the state could officially begin to reopen on June 4th.

Many were surprised to see tourism increase here so quickly. Many began flocking to the city to escape the regulations in their own states. Obviously, many health experts began warning that cases of Covid-19 were likely to increase here.

That turned out to be true. As a result, Sisolak announced that masks were now required inside all public spaces, including casinos. Many casino companies claimed this new regulation was likely to result in a dip in tourism.

Unfortunately, infection rates in this state continue to ramp up. Many are now claiming that casinos here are not doing enough to protect their employees. Just last one, one casino worker died after testing positive for the new coronavirus.

The Nevada Culinary Union recently announced that it was suing several major casinos on the Las Vegas Strip. This group believes that casinos here are not doing enough to protect their workers. It’s not entirely clear which venues are being targeted in this lawsuit.

According to new reports, one of the most popular casino-resorts in the city may soon be demolished.

Is the Las Vegas Luxor Really Being Torn Down Soon?

MGM Resorts International is one of the top casino companies in the world. It owns many world-class gambling venues around the world. That includes several in Las Vegas. In recent years, this company has begun selling many of these properties.

One venue that MGM currently controls is The Luxor Hotel-Casino, located directly on the Las Vegas Strip. First constructed in 1993, this pyramid-shaped hotel-casino quickly became one of the most popular venues in the city. It’s become a little outdated over the years, yet many still enjoy visiting and gambling inside this property.

Perhaps that’s why it’s so surprising to hear that the Las Vegas Luxor may soon be torn down. Officials within MGM Resorts have discussed this for years. In the past, however, union groups prevented these properties from being demolished.

The city of Las Vegas is now struggling and some believe this is the perfect time to remove this property. It’s not entirely clear when this will take place. Many believe the demolition process will begin before the end of 2020.

MGM has also not revealed what will be constructed here once the Luxor is gone. There’s a chance this major casino operator sells the land. Make sure to stay tuned for updates over the next few weeks!

More Las Vegas Casinos Are Set to Open This Week

Las Vegas, and Nevada as a whole, is still in the beginning phases of reopening. Based on the current trend, the state’s reopening plans may actually begin to reverse. The current plan is for several more major casino-resorts to open back up here this week.

That includes the Las Vegas Luxor. This major venue currently plans on opening back up to the public on Thursday. Many of the same social distancing measures set in place at other casinos are being implemented here.

According to new reports, the Mandalay Bay Hotel & Casino, the Aria Resort & Casino, and the Delano and the Four Seasons all plan to reopen on July 1st. Governor Sisolak may eventually force these properties to implement stricter health measures.

For now, all day and night clubs remain closed in Las Vegas. The conventions in this state are closed, as well. No one can accurately say when these properties will be allowed to reopen.

Infection rates continue to increase in Nevada. This trend is likely to continue for some time. The long-term effects of this pandemic on Las Vegas are still unknown. Most agree the city will look different for quite some time.

Are you surprised to hear that the Las Vegas Luxor is closing down? Do you plan on visiting this city anytime soon? Let us know in the comments section below!

NV Culinary Union Plans to Sue Las Vegas Casinos

It’s been nearly a month since all the casinos in Las Vegas reopened to the public. Tourism has gradually increased in the city, yet many workers here claim the conditions are not safe enough. As a result, the NV Culinary Union is planning to sue some of the biggest casinos on the Las Vegas Strip.NV Culinary Union

This union is one of the biggest and most powerful in Nevada. It seems the group is now angry about the situation that many casino workers find themselves in. Today, we’re going to look at what the Culinary Union hopes to accomplish.

Let’s get into it!

Nevada Continues Setting New Regulations in Casinos

The state of Nevada finally started to open back up in early June. It was a welcome move for most residents here. The casino shutdown, ordered back in March, resulted in a complete drop-off in tourism and many were left without work.

Politicians here realized that something needed to change. Governor Steve Sisolak understands that the casinos are the driving force behind tourism and started working with casino companies on coming up with a comprehensive, safe reopening plan. Finally, state leaders gave the casinos in Las Vegas to open back up on June 4th.

Casino companies here started doing everything they could to increase tourism. Many began offering great travel deals and discounted room rates. As the weeks have gone on, tourism to Las Vegas has slowly increased.

Some fear that is now beginning to change. Last week, Governor Sisolak announced that it’s now mandatory to wear facial masks inside any public spaces. To the disappointment of some, that includes casinos.

Officials in this city are still trying to understand the best way to promote tourism while keeping things as safe as possible. Unfortunately, many now feel that things are not safe enough for workers inside casinos.

NV Culinary Union Announces it Plans to Sue LV Casinos Over Working Conditions

The world is still struggling to understand the new coronavirus. It’s infected more than 10 million individuals and the current death toll has just surpassed 500,000. State leaders have the unenviable task of reopening their economies while protecting vulnerable individuals.

Nevada was essentially shut down for three months. The amount of revenue that the state lost during this time is unprecedented. As the weeks went on, more residents in this state started calling for Governor Sisolak to lift the restrictions.

On June 4th, many of the casinos here began to reopen. Many now feel that casino workers are being put at risk unnecessarily. As a result, the NV Culinary Union plans to sue the casinos here for the conditions they are putting their employees in.

“The lawsuit alleges casino hotels have not protected workers, their families, and their community from the spread of COVID-19, and that the current rules and procedures in place for responding to workers contracting COVID-19 have been wholly and dangerously inadequate,” a statement from the union claims. 

There’s certainly some validity to these claims. Just a few days ago, a worker inside a Caesars Entertainment-owned Las Vegas casino died after testing positive for Covid-19. The Culinary Union wants to see things change.

A press conference is being held today to discuss this situation. Stay tuned for updates over the next few weeks.

More US Casinos Are Likely to Close Soon

Nevada isn’t the only state to recently reopen its casino industry. Many states around the country have started allowing their gaming venues to reopen. Rates of Covid-19 are now beginning to quickly increase, though, and some analysts believe that hard-hit states will soon need to close their casinos once again.

Florida has been experiencing a particularly large increase in cases over the last couple of weeks. As many are aware, this was one of the first states to lift their stay-at-home orders. Some health experts believe reopening too early caused these infection rates to skyrocket.

Not long ago, some of Florida’s top gambling venues opened back up. That includes the massive guitar-shaped Hard Rock Hotel-Casino owned by the Seminole Tribe. The state cannot directly order this tribe to close its gambling venue, yet some believe the casino will close down on its own.

Most states around the country are seeing Covid-19 rates increase. Exactly how this will affect the country’s land-based gambling industry is still unknown. Hope is that things can remain open with better health protection measures set in place.

It’s interesting to see the NV Culinary Union directly go after casinos. The truth, however, is that casinos may not be able to remain profitable if more restrictions are set in place. It’s an extremely complicated situation and no one seems to have a solution.

Do you think Nevada’s casinos need to implement better safety measures? Have you gambled in one of the casinos here? Let us know in the comments section below!

Do You Need to Wear Masks in LV Casinos?

Las Vegas is now back up and running. With each passing weekend, more tourists from around the country are flocking to this city. Many are now asking if it’s required to wear masks in LV casinos.Casino Table Game

Obviously, that would take away from the overall gambling experience here. Public safety is extremely important, though. Today, we’re going to look at exactly what regulations are being implemented in this city.

Let’s get into it!

More Las Vegas Casinos Continue to Open Up

Back in mid-March, the city of Las Vegas changed in a way that most thought wasn’t possible. Due to the global pandemic, state officials forced all of the casinos in this city to close their doors. This took an incredible toll on the US gambling and entertainment hub.

Firstly, closing these casinos resulted in massive job loss. Hundreds of thousands of people are connected, in some way, to the tourism and entertainment industry in Las Vegas. Once these casinos closed down, many of these jobs were instantly lost.

The casino companies operating here also started to lose an incredible amount of revenue. Some of the companies here with several major venues began losing millions of dollars every day. Some analysts expressed fear that several casino-resorts in the city would never reopen to the public.

Fortunately, several of these venues were finally given permission to open back up on June 4th. That includes the New York-New York Hotel-Casino and the Bellagio. According to several reports, a surprisingly-large number of tourists visited these venues on opening day.

More of the top casinos in the city are scheduled to reopen over the next few weeks. Things still aren’t quite the same in these venues as they were a few weeks ago. Does that mean masks are still required?

Guests Are Not Required to Wear Masks in LV Casinos

Nearly all major health organizations around the world now recommend the wear of masks to prevent the spread of Covid-19. These facial coverings won’t necessarily protect you from catching the virus. They should, in theory, help to stop the wearer from spreading anything themselves.

Most venues that draw in large crowds require masks. As the casinos in Las Vegas began reopening, analysts questioned whether or not these gaming venues would do the same. That is not the case.

Masks in LV casinos are not required by patrons. Employees, however, need to wear masks while on the casino floor. It seems the owners of these properties are content enough with the safety measures currently set in place.

Nevada Control Board Chairwoman Sandra Morgan spoke about this decision with the Las Vegas Review-Journal this week.

“Per our current policy, all casino employees must be wearing masks. Licensees must have masks available for patrons and should strongly encourage patrons to wear them,” she said. “If that data changes and our percentage of positive cases increase, I would consider additional measures to ensure our healthcare system is not overburdened.”

Governor Sisolak also feels it’s not necessary for guests to wear masks inside casinos. If a surge of new cases emerge, however, there’s a good chance that he will change his stance. Stay tuned for updates on this situation.

Poker Tournaments Are Slowly Returning to Las Vegas

Within the next two months, all of the biggest and best gambling venues in Las Vegas will reopen to the public. It’s great news for gambling fans, many of whom have been looking forward to making some bets. Poker fans now have reason to celebrate, as well.

Several major casino-resorts here are starting to offer poker tournaments. Earlier this week, the Venetian Casino-Resort announced it will begin holding regular tournaments every weekend. The Golden Nugget, South Point, and the Orleans are also putting on tournaments.

In some ways, this city is back to normal. Masks in LV are not required by guests. Many slots and table games are now opening up inside the top casinos here.

Some fear that things will begin to change here once again. As many are aware of, Covid-19 infection rates are beginning to increase around the country. Some analysts believe states may need to implement intense measures again in order to prevent their healthcare systems from becoming overwhelmed.

It’s an extremely unusual time around the country. No one can really say exactly how things will look in Las Vegas over the next couple of months.

Do you plan on visiting Las Vegas this month? Which property do you plan on staying in? Let us know in the comments section below.