Here’s What We Know About the New Station Casinos Internship

Las Vegas Sign

Station Casinos is one of the most powerful casino companies in Nevada. This company now owns and operates a huge number of properties and employs more than 11,000 individuals. Today, we’ll talk about the new Station Casinos internship program.

Many have likely heard about the company’s new internship plan. It’s one of the most exciting offered in Las Vegas for years. A huge number of people are expected to apply for this project.

Here’s what you need to know!

Station Casinos Continues to Keep Major Properties Closed

Las Vegas is still on the long road back to recovery. This process has been covered extensively. The world’s biggest casino hub has been one of the worst-affected by the global health crises and is still dealing with a struggling economy.

Lately, things have begun to improve here. As infection rates around the country drop, Las Vegas is seeing an increase in tourism numbers. This is crucial for the city and state to begin seeing a major increase in gambling revenue.

Many of the most popular casinos throughout Las Vegas remain closed, though. That includes some of the ones owned by Station Casinos. Not long ago, CEO Frank Fertitta confirmed that the Palms Casino-Resort is remaining closed indefinitely.

Station Casinos is refusing to open this venue until it is guaranteed to be profitable. That could take some time. Things are improving, yet Las Vegas is still seeing considerable drops in tourism when compared to 2019.

This doesn’t mean that Station Casinos is sitting around waiting for things to improve. This company is working hard to increase revenue and continues to operate many of its venues. It is now looking for hungry young workers to begin filling job roles.

Casino company internship programs are announced all the time. A new one from Station Casinos is different from almost any other that has been offered in the city.

More Details on the New Station Casinos Internship Are Coming Out

Station Casinos has grown considerably over the past few decades. The company is working hard to expand too and wants to bring on more employees right now. This week, company officials announced an exciting new internship program that has many people excited.

We’re already beginning to hear more about the new Station Casinos internship program. This summer, the company will be offering students the opportunity to work and live in Las Vegas for free. It’s one of the most intriguing employment projects the company has undertaken to date.

The 2020 Station Casinos Internship Program will be offering free housing and free meals. Hired interns will have the opportunity to learn the ins and outs of the day-to-day operations of the company. That includes work in marketing, social media, human resources, and casino operations.

At the end of each week, the interns will take part in a “think tank.” Here, new innovative ideas will be discussed. The goal is to get these new workers to think more about ways to improve the company in the long-term.

Those interested in entering the Las Vegas casino industry may want to take a close look at this new program. It’s one of the coolest new ways for students to gain experience in the field. More details on how to apply will likely become available soon.

Station Casinos isn’t the only casino company working to bring on new employees this summer. Thousands of people are also applying for one of the available jobs at Resorts World Las Vegas!

Resorts World Las Vegas is Still Filling Up Job Positions

In the relatively small area of the Las Vegas Strip, some of the most expensive casino-resorts on the planet can be found. Under normal circumstances, these venues are hugely successful. The events that unfolded in 2020 had a devastating effect that is still being felt today.

Companies are still moving forward in the best way possible. That includes Genting Group, which owns Resorts World Las Vegas. This exciting new casino-resort is officially set to open its doors to the public this summer.

There has been a ton of media attention placed on this venue. At $4.3 billion, it is the most expensive casino-resort ever built in the city. Many are hopeful that the opening of this property will help to further boost tourism into the city.

This venue is now looking for employees. Amazingly, more than 85,000 individuals have already filed for a job inside this venue. Only a small fraction of these applicants will end up receiving employment inside this new property.

In many ways, this is an exciting time for the city. Tourism rates seem to be increasing and many new hotels are finally beginning to resume 24/7 operations. Stay tuned for more updates on the city’s economy over the next few weeks!

Are you interested in the new Station Casinos internship program? Do you plan to apply? Let us know in the comments section below!

LV Casino Companies are Seeing Stock Increases Again

Las Vegas Strip

The city of Las Vegas is still in recovery mode. There are some signs that things will begin improving here in a big way soon. As a result, many LV casino companies are beginning to see an increase in their stock prices.

It’s great news for these companies. For almost a year, the casinos in Las Vegas have been struggling to bring in revenue. Now is a great time to talk about why exactly casino stock prices have been increasing lately.

Let’s get into it!

Gaming Revenue in Las Vegas Finally Increases in January

The gambling industry in Las Vegas is the biggest in the world. Unfortunately, it has been under extreme stress since the mass casino shutdowns in March of 2020. There are some signs that things are improving, though.

Not long ago, many of the casino-resorts in the city began resuming 24-hour operations. That includes several of MGM Resorts’ biggest properties. Many took that as a signal that these casinos are expecting a new surge of tourism.

January proved to be a fairly successful month for Las Vegas. The casinos on the Las Vegas Strip earned an astounding $320 million throughout the month. That represents a significant increase from December.

Things aren’t completely back to normal, though. The revenue earned in January is still down almost 44% when compared to January of 2020. It’s no surprise, as that was still before the state ordered all casinos to shut their doors.

When considering that casinos are still operating at just 25%, these revenue figures are impressive. Many believe that the upward trend will continue throughout 2021. It’s fantastic news for the huge number of casino companies here.

It seems that these revenue increases are affecting stock prices, too. Several major companies saw their share prices jump this week.

LV Casino Companies Experience Another Jump in Stock Prices

Prior to March of 2020, the US casino industry was surging. Casinos in Las Vegas were seeing major increases in tourism and gaming revenue. The city was set to welcome several exciting new casino-resorts, too.

After Governor Sisolak ordered casinos to shut down in March, this city’s tourism and gaming industry almost completely shut down. Very few individuals were making the trip to Vegas through mid-2020. Fortunately, things are beginning to improve.

Casino companies are seeing the optimism reflected in their share prices. Many of these companies now have stock prices not seen since January of 2020. Infection numbers are declining and more people are visiting Las Vegas. That gives many analysts hope that the city can begin to truly recover as the year continues.

Craig Johnson, a chief market technician for a major investment bank, gave his take on this situation to the media this week.

“I would just put it all under one word: hope,” he said. “The market is a forward-looking mechanism looking forward to six to nine months ahead of time. And I think (these companies’) stock is a bit of a leading indicator and certainly reflective of more needles going in arms. As soon as things really start to open up again, I think Vegas is going to be a clear destination where people are going to want to go first. (The) pick up in stock price is really just reflective of the hope of things reopening and people going on vacation, having an experience in Las Vegas.”

Many different industries are seeing an increase in stock prices. Airlines, for example, are also seeing a jump in their stock prices right now. This all comes from a growing hope that travel will begin increasing soon.

It seems as if Las Vegas is on the brink of a major comeback. If things continue the way they currently are, regulations could be lifted in Las Vegas and a surge of new tourists could be seen. We’ll be sure to report on this situation over the next few months!

The Opening of Resorts World Las Vegas is Almost Here

Las Vegas is home to most of the world’s best casino-resorts. Most of them are located on the Las Vegas Strip. It’s here that massive properties such as The Cosmopolitan, The Venetian, and Caesars Palace are located.

This summer, Resorts World Las Vegas will finally open its doors in the northern area of the Strip. This is the most expensive casino-resorts ever built in this city. Many analysts believe this will end up being the best new gaming venue in the city.

The owners of this property recently announced they needed to fill thousands of jobs. It didn’t take long for this news to reach residents in Las Vegas. Reports claim that tens of thousands of applications flooded in for jobs inside the new casino-resort.

More details about this property are coming out. News recently broke that Resorts World has just signed a deal with Fred Segal to unveil a new retail space inside this new property. This shopping area is expected to rival the Forum Shops at Caesars Palace.

Hopefully, Resorts World will help to boost tourism in Las Vegas even more. This is one of the first new casino-resorts opened on the Strip in years.

Are you surprised to hear that LV casino companies are seeing their stock prices increase? Let us know in the comments section below!

When Will Tourism Rates in Las Vegas Return to Normal?

Las Vegas Strip

It’s been almost a year since the historic casino shutdowns across the city of Las Vegas. Since that time, tourism rates in Las Vegas have been significantly lower than what was seen in years prior. Many are now trying to predict when tourism numbers here will return to the levels seen in 2019.

In a way, this is almost trying to predict when the world will return to the way it was in 2019. There’s simply no way to know. Many believe there is reason to be optimistic about the future of Las Vegas, though.

Now is the perfect time to look at what could lead to an increase in tourism here!

Las Vegas Casinos Begin Expanding Their Operating Hours

As most are aware, all of the casinos in Nevada were forced to shut down back in March of 2020. This was the first time this had ever happened in history. Incredibly, many of the casinos forced to shut down that month remain closed to this day.

It’s amazing to see. Las Vegas has long been the world’s biggest and most profitable gambling destination. Casino companies here are choosing to keep many of their properties closed until they can see a clear profit margin from reopening.

Most of the biggest casino-resorts in Las Vegas chose to reopen over the summer. Tourism rates didn’t immediately increase here, however, and some quickly began closing down during the weekdays. This month, some of the biggest casinos here announced they were reopening during the week.

That includes several of MGM Resorts’ properties. The Mirage, Mandalay Bay, and Park MGM all recently announced they are reopening to the public during the week. It’s a clear sign that Las Vegas is beginning to recover.

Things are still far from how they were prior to March of 2020. Tourism rates in Las Vegas remain low and gaming revenue is still lagging. If all goes according to plan, though, this summer will end up being a good one for the city.

Analysts are busy trying to predict when Las Vegas will see pre-pandemic levels of tourism. Let’s look at some factors that could contribute to this happening.

What Will Help to Increase Tourism Rates in Las Vegas?

Las Vegas is unlike most other cities around the country. A huge portion of the economy here almost completely relies on tourism. Without visitors flocking to the city on a regular basis, many of the businesses here simply cannot survive.

As you might expect, many of the officials here have been working hard to boost tourism rates. It hasn’t been easy during one of modern history’s worst health crises. Fortunately, there are some signs that things could improve in a big way by the summertime.

Vaccine distribution continues to increase around the United States. As a result, more people are feeling confident taking much-needed vacations. Airline travel is up considerably lately and Las Vegas is beginning to see an uptick in tourism rates.

The opening of several exciting new casino-resorts will also likely help to boost tourism rates here. That includes Circa Las Vegas, Resorts World Casino-Resort, and the Virgin Hotel-Casino. Resorts World, in particular, is expected to be one of the most exciting new gambling venues ever built in this city.

Fletch Brunelle, Vice President of Marketing for the Las Vegas Convention and Visitors Authority, believes we’ll see a tourism increase later this year.

“It shows the resiliency of Las Vegas and it talks about the desire for travelers to come back to this great destination when things are back to somewhat of a normal level,” he said. “Our hope for 2021 is that as we hit March, April, May, June, and frankly as we get into the third quarter, that there will be enough vaccinations as well as individuals that have recovered from the virus that we will see a good amount of herd immunity.”

There is no telling when exactly tourism rates in Las Vegas will reach 2019-levels. We’ll be sure to report more on these numbers over the next few months.

Casino Revenue is Increasing Around the United States

Las Vegas isn’t the only city in the United States seeing its casino industry improving right now. Many of the country’s biggest casino hubs are seeing revenue increases lately, too. That includes Atlantic City.

Revenue reports on gaming revenue in New Jersey for January have just come out. Many are excited to see where things stand. Atlantic City’s casino revenue increased by 9.3% that month.

There are some caveats here, though. Much of this revenue increase comes from the state’s sports betting operations. In-person casino revenue actually dropped when compared to January of 2020.

That is not a surprise when considering the differences in the world now compared to January of last year. The casino owners in this city are still happy to see revenue increases. New Jersey is now home to the country’s biggest sports betting industry.

Several other states are seeing revenue increases from their gaming industries, too. That includes Colorado and Oklahoma. This trend is likely to continue as the health situation around the world improves.

When do you expect tourism rates in Las Vegas to reach 2019’s levels? Let us know in the comments section below!

More Information on the Richmond Casino-Resort is Coming Out!

Richmond Virginia

Virginia is still in the process of legalizing its casino industry. Some powerful casino companies are now getting ahead of the game, proposing their plans for future gambling properties here. Today, we’re going to talk more about the proposed Richmond Casino-Resort.

There has been a tremendous amount of attention placed on this venue. Many believe it will become one of the most popular new gambling properties on the East Coast. There is some major progress being made to get a casino here up and running.

Here’s what you need to know!

Virginia Continues Moving Towards Casino Legalization

Most of the states throughout the southern United States have tough laws towards casino gambling. That includes Virginia. For decades, lawmakers here have pushed against the legalization of casinos and some felt things would never change.

Recently, many lawmakers here have changed their thinking. Many have begun to realize how much revenue can be earned from this industry. Some of Virginia’s lawmakers are also seeing the huge demand for legal casinos from many state residents.

There have been some exciting updates lately. In early February, a state Senate committee decided to allow residents in five different cities to vote on whether or not to allow casinos. This is a huge move and is likely one of the final steps needed to get the state’s casino industry operational.

Many are pointing towards the economic benefits that legal casinos will bring to different areas of Virginia. That includes several low-income areas desperate for more employment and revenue opportunities. This seems to be the primary reason for this new push to allow casinos here.

Richmond is one area of Virginia working hard to host a new casino-resort. There have been several major companies expressing interest in opening a gambling property here. That includes Bally’s Corporation.

Bally’s officially submitted a proposal to operate this venue. Many are excited to hear what this major casino company has planned.

Bally’s Submits Proposal to Operate a Richmond Casino-Resort

Bally’s Corporation is well-known in the US casino industry. This company launched in 2004 and now owns and operates casinos around the country. Lately, the company has been looking to expand into new states.

This week, Bally’s submitted an official proposal to operate a new casino-resort in Richmond. The company revealed its plans to create and run a “state-of-the-art destination hotel, resort, and casino.” Bally’s has some big plans for this property.

If approved, Bally’s will open a massive 1.6 million-square-foot casino. It will feature a casino, sportsbook, hotel, and resort-style pool. A variety of restaurants and entertainment options will also be constructed here.

Bally’s is also teaming up with several different local companies to ensure this project moves forward in the best way possible. The construction of this property is expected to take 18 months and is expected to cost around $650 million. It is then projected to generate $415 million in gross gaming revenue.

George Papanier, President and Chief Executive Officer of Bally’s Corporation expressed his excitement about this project in an official statement this month.

“We are honored about the prospect of partnering with the City of Richmond as it embarks upon this exciting and unique adventure,” he said. “Our proposal represents an unprecedented project for the Richmond community that will embrace and showcase the city’s existing culture and traditions in an environment positioned towards entertainment and leisure. The Bally’s Richmond would provide the city with a vibrant new attraction that is sure to turn Richmond into a dynamic tourist destination.”

Nothing has been approved yet and it’s still unclear if Bally’s will be given permission to operate the casino in Richmond. These plans will certainly stand out with lawmakers, though. Stay tuned for more updates over the next few months!

Las Vegas Tourism Rates Are Expected to Increase Soon

Virginia is choosing to embrace the casino industry at an unusual time. For almost a year, land-based casino revenue has been on a steady decline around the country. Las Vegas has been hit the hardest by this economic situation.

Fortunately, there seems to be some light at the end of the tunnel. Infection rates around the United States are dropping right now. Some of Nevada’s leaders claim a loosening of restrictions is likely just around the corner.

These two factors will likely result in a major tourism boom in Las Vegas. Casino companies are banking on this fact. Some have recently chosen to resume weekday reservations. There’s a real sense of optimism for the city’s gambling industry.

2021 will also feature a number of exciting new casinos in Las Vegas. The most-anticipated is of course Resorts World Las Vegas. This property will be opening to the public sometime this summer and is the most expensive casino-resort ever built in Las Vegas.

Many are excited to see the new Virgin Hotel-Casino open its doors in Las Vegas soon, too. This property is taking the place of the former Hard Rock Hotel-Casino. Virgin is working hard to make this a truly special property.

Are you excited to hear Bally’s plan for a Richmond Casino-Resort? Let us know in the comments section below!

Casinos Are Hoping to See Sports Betting in MA Soon

MGM Springfield

Massachusetts is home to a growing land-based casino industry. Some of the most powerful gaming companies in the country own casinos here. Unfortunately, they’ve been struggling to generate revenue for nearly a year. These casinos are now hoping to see sports betting in MA sometime in the near future.

Several lawmakers are pushing to get sports betting legalized and regulated here, as well. Many believe 2021 is the year this finally happens. Today, we’ll talk about how a sports gambling industry could help the state’s casinos.

Let’s get into it!

Casino Revenue in Massachusetts Increased in January

For decades, lawmakers in Massachusetts took steps to prohibit casinos. The state had a long history of anti-gambling legislation and pushed against even allowing tribal casinos. Finally, in 2018, the first casino opened its doors here.

That was the MGM Springfield, owned and operated by MGM Resorts International. This venue instantly became a massive success with gambling fans around the state. It was one of the most popular gambling venues on the East Coast.

A year later, Wynn Resorts opened the Encore Boston Harbor. This was a state-of-the-art casino resort built not far from Boston. It became the next big thing in the state and quickly captured a huge percentage of MGM Springfield’s patrons.

In March of 2020, all of the progress being made here came to a halt. State officials ordered all of the casinos in the state to shut their doors. It would be months before any of the state’s casinos were able to operate again.

Even after reopening, revenue was dropping throughout 2020. Things are beginning to improve, though. This past January, the casinos in Massachusetts brought in $57.6 million in revenue. That’s a more than 15% increase when compared to December.

When compared to January of 2020, however, these revenue figures are still very low. Many of the casinos here are now hoping to see legal sports betting become available to make up for some of these losses.

More Are Pushing to Regulate Sports Betting in MA

Casino revenue has been dropping across the United States for almost an entire year. That doesn’t mean people aren’t gambling, though. Sports betting revenue has been on a steady incline since major sports leagues resumed their operations in mid-2020.

This is proving to be very profitable for states with regulated sports betting industries set in place. It’s also been a valuable source of money for casinos, most of which are seeing large drops in their land-based gaming revenue right now. Many are now pushing to see sports betting in MA sometime soon.

Richard McGowan, a professor in the Carroll School of Management at Boston College, also believes online sports betting is a necessity for MA’s casino industry to survive. He gave his take on this situation to the media earlier this week.

“If they don’t get sports gambling at the casino or online, I don’t see much of a future,” he said. “They are in way too much debt. The future of gambling looks like it’s online. What will make or break MGM Springfield is what the Massachusetts Legislature decides to do with sports gambling.”

McGowan may certainly have a point. The land-based gambling industry was changed forever after the events that unfolded in 2020. Many people are no longer willing to play in-person and instead want to make their bets from the comfort of home.

Lawmakers in Massachusetts continue to discuss sports betting legislation. We’ll be sure to offer updates on the progress being made here over the next few months!

States Report Big Sports Betting Earnings in January

It’s no wonder why casinos and lawmakers are pushing so hard to get regulated sports betting in MA. This industry is a proven money-maker. It benefits virtually everyone and can now be found in more than half the country.

The revenue isn’t slowing down, either. Many states reported huge sports betting earnings for the month of January. It’s clear that this industry will continue to bring in large revenue earnings for the foreseeable future.

Michigan is seeing large earnings from this industry right now. This state didn’t launch its online sports betting operations until January 22. In just ten days of being live, the state saw an astounding $115.2 million in sports betting handle.

Pennsylvania also saw massive sports betting revenue figures this past January. This state saw a sports betting handle of $615.3 million. Sportsbooks here brought in $33.9 million in revenue.

Las Vegas has a struggling casino industry. Tourism rates are beginning to increase and more entertainment options are coming here, yet land-based casino revenue remains low. Fortunately, a huge amount of money will come in here from Super Bowl wagers.

Do you think we’ll see sports betting in MA anytime soon? Let us know in the comments section below!

More Properties Allow Weekday Hotel Reservations in Las Vegas!

Las Vegas Strip

Casinos in Las Vegas continue to face drops in visitation rates and gaming revenue. As a result, many have been forced to shut down for certain days of the week to cut down on costs. New reports claim that many of the most popular casino-resorts are finally allowing weekday hotel reservations in Las Vegas again.

This could be a promising sign that Las Vegas is recovering. Today, we’ll talk about which hotels here are changing their hours. We’ll also discuss some of the exciting new events happening in the city over the next eleven months.

Let’s get into it!

More Entertainment Options Are Coming Back to Las Vegas

Las Vegas has always been one of the most-visited cities in the United States. Prior to 2020, more than 40 million people would flock to this city every year to take part in the entertainment and gambling options. This trend stopped when the casinos here were ordered to shut their doors back in March.

Governor Sisolak began allowing casinos to reopen their doors in June. It took months for all of the major casino-resorts in the city to fully reopen. As the winter months approached and tourism numbers slumped once again, several major casinos here were forced to close down again.

Nevada’s health regulations were ramped up over the winter. Infections were on the rise and fewer people from around the country were making the trip to the state. Fortunately, things seem to be improving now.

Cases have been steadily dropping in Nevada for weeks. As a result, Governor Sisolak has been slowly easing back restrictions. This is giving casinos some breathing room, allowing for higher capacity limits and more restaurants to open.

Many of the entertainment options in Las Vegas are coming back, too. David Copperfield is set to resume his world-famous magic show begins next month. Carrot Top is heading back to Luxor this weekend. It seems that Las Vegas is cautiously getting back to normal.

Casinos are beginning to see another increase in visitation rates. Several have now announced they will soon begin accepting guests in the middle of the week!

Several Major Properties Begin Allowing Weekday Hotel Reservations in Las Vegas

Las Vegas is still home to the world’s biggest and best casino-resorts. The majority of these venues are located on the Las Vegas Strip. They have been hugely successful over the years at consistently bringing in guests from around the world.

Contrary to popular belief, Las Vegas is not just a weekend town. Many people prefer to head to Sin City during the week. That includes business travelers and those who simply prefer the play inside casinos without big crowds.

When tourism numbers fell, several of the biggest casinos in this city stopped allowing guest stays in the middle of the week. This was done in a way to cut down on costs. Beginning in March, several of these properties will once again begin allowing weekday hotel reservations in Las Vegas.

Mandalay Bay, Park MGM, and The Mirage will all resume opening seven days a week beginning on March 3. Bill Hornbuckle, MGM Resorts’ CEO and president, released a statement explaining the decision to do so.

“As we begin to see positive signs around the public’s sentiment about traveling, coupled with important progress on the vaccination front and decreasing COVID-19 case numbers, bringing Mandalay Bay, Park MGM and The Mirage back to full-week operations is an important step for us,” Hornbuckle said. “We remain optimistic about Las Vegas’ recovery and our ability to bring employees back to work as business volumes allow us to do so.” 

This is exciting news for many people around the country. More properties around Las Vegas are finally choosing to reopen mid-week. That is an extremely positive sign for the city moving forward. We’ll be sure to report on tourism and revenue numbers here over the next few months!

Atlantic City’s Gaming Revenue Increases in January

Las Vegas isn’t the country’s only major casino destination. Over on the East Coast, Atlantic City remains the biggest and best gambling hub. This small New Jersey city is home to a huge number of popular casinos and entertainment options.

Throughout 2020, gambling revenue in this city was on a steady decline. Casinos here were closed for several months out of the year. It wasn’t until July that Atlantic City began seeing any kind of normalcy again.

Things are improving, though. New reports indicate gaming revenue in Atlantic City increased by 9.3% in January. That is an extremely promising sign for one of the most popular gambling destinations in the world.

The loosening of regulations here seems to be helping. Tourism rates in the city are increasing and nearly all casinos are seeing an increase in visitors right now. Sports betting revenue seems to be increasing, too.

New Jersey’s total sports betting handle came out to $958.7 million for the month of January. It won’t be long before the state breaks the $1 billion mark. Clearly, things are beginning to bounce back here.

Do you plan to make any weekday hotel reservations in Las Vegas? Where will you stay? Let us know in the comments section below!

Boyd Gaming’s Revenue Reports For 2020 Are Out

Boyd Gaming Logo

Boyd Gaming is one of the biggest and most profitable casino operators in the United States. Unfortunately, this company has been seeing steady drops in its gaming earnings for almost an entire year. This week, Boyd Gaming’s revenue reports for last year were finally released.

Not many are surprised to see where the company’s financial figures stand. Just about every single major casino company across the US has seen large revenue dips lately. Today, we’ll discuss how much Boyd managed to generate throughout 2020.

Let’s get into it!

Are US Casino Destinations Finally Seeing a Comeback?

Since March of 2020, nearly every single industry that relies on tourism has been struggling. That includes the casino industry. Places like Las Vegas and Atlantic City immediately saw an almost 100% drop in gaming revenue after the casino shutdowns that month.

Casinos started reopening over the summer. Some were then forced to close again as the winter months approached. Meanwhile, the companies that operate these casinos have been doing their best to increase revenue while cutting down on costs.

There has been a serious debate over when major US casino hubs will see a true comeback. Some felt that with effective vaccine distribution, this could take place by the summertime. Others believed it would be years before places such as Las Vegas saw 2019-level revenue figures.

There are some promising signs at the moment. The country’s infection numbers seem to be dropping. Vaccines are being more widely distributed and many states are now choosing to lift their heavy restrictions.

Nevada even seems ready to enter a new phase of health regulations. Governor Sisolak recently announced he will begin increasing indoor capacity limits if case numbers continue to drop. That could help to significantly boost tourism into Las Vegas.

Casino companies are cautiously optimistic. Recently, many have begun releasing their revenue figures for last year. That includes the Nevada-based Boyd Gaming Corporation.

Here’s a Look at Boyd Gaming’s Revenue Reports

Boyd Gaming is one of the country’s biggest casino companies. It was founded in 1975 in Las Vegas Nevada. Over the past few decades, this company has expanded significantly around the United States and now operates a huge number of popular gambling properties.

Obviously, this company experienced a huge revenue drop immediately after the casino shutdowns in March. These revenue declines continued throughout the entire year. This week, we finally saw exactly how much money this company made in 2020.

Boyd Gaming’s revenue reports are officially out. It has been revealed that Boyd earned just $2.18 billion in 2020. That is a staggering drop from the $3.33 billion earned in 2019. The company’s total Adjusted EBITDAR for 2020 was $609.9 million.

Quarter four of 2020 proved to be extremely difficult. These revenue reports show that Boyd Gaming earned $635.9 million throughout October, November, and December. This is another large drop from the $833.1 million earned over the same months in 2019.

Analysts predicted that Boyd Gaming would see a significant drop in its overall revenue figures. Some were surprised to see exactly how large of a dip this ended up being. There is reason to be optimistic about the company’s prospects in 2021, though.

Places like Las Vegas seem to be getting more visitors lately. That, in turn, will lead to more gaming revenue. We’ll continue offering more updates on the revenue figures over the next few months!

Boyd Gaming Announces New Cashless Gaming Wallet

Casino companies around the US have been doing everything they can to make things safer for their guests and employees. It’s been a struggle keeping up with regulations. One of the ways to achieve this goal is cutting down on players sharing casino chips and cash.

This week, Boyd Gaming revealed a brand-new cashless gaming wallet. This new wallet, called BoydPay, will now become available at many of Boyd Gaming’s properties including one in Las Vegas. It can be used to play or cash out on slot games.

Officials within Boyd claim this will soon become available at all of the company’s properties. Blake Rampmaier, Boyd Gaming’s senior vice president, spoke about this new system to the media this week.

“BoydPay is all about enhancing the guest experience,” he said. “Through our innovative partnership with Aristocrat, we will create a unique and seamless payment experience for Boyd Gaming customers, allowing them to use their smartphones to play casino games, cash out, and pay for restaurant meals, show tickets or hotel rooms.”

Several other major casino companies are working to launch cashless gaming systems this year, too. It’s a growing trend amongst players, particularly during these times. It will be interesting to see if this helps to boost visitation rates at Las Vegas casinos.

Are you surprised at Boyd Gaming’s revenue reports? How do you think the company will fare in 2021? Let us know in the comments section below.

The Palms Las Vegas Opening Date is Being Delayed

Palms Las Vegas

The Palms Casino-Resort in Las Vegas is one of the most popular venues located off the Strip. Unfortunately, it’s remained closed since the mass casino shutdowns back in March. New reports claim the Palms Las Vegas will likely stay shut down until tourism rates return to normal.

This property is owned by Station Casinos, which has kept several of its major casinos closed over the past eleven months. Today, we’ll talk about Station Casinos’ plans for the future. We’ll also discuss when the Palms might finally reopen.

Let’s get into it!

Las Vegas Casino Companies Fear Domestic Travel Restrictions

For almost a year, the city of Las Vegas has been struggling to bring in tourists. That’s made things extremely difficult for the casino companies operating here. These companies rely on tourists and have seen significant drops in revenue due to their low visitation rates.

Not many expected that tourism would still be low in February of 2021. Despite these company’s best efforts, attracting players remains a difficult task. The global health crisis is far from over and many are unwilling to travel during this time.

There is now a real fear that new rules on domestic air travel may soon be implemented. President Joe Biden recently announced he may order a negative PCR test in order to board any aircraft. This would likely take a devastating toll on the airline industry.

Major tourism hubs would also suffer. Las Vegas is finding it difficult enough to bring in visitors right now. If testing is required within the country, it’s likely that even fewer individuals will decide to make the trip over to this gambling and entertainment destination.

The Las Vegas International Airport continues to see massive declines in the number of incoming travelers. In December of 2020, the airport saw a staggering 60% drop in travelers when compared to the same month in 2019. It’s a difficult situation that no one seems to have an answer for.

Station Casinos has been hit hard by the events unfolding around the world. Unfortunately, it appears this company isn’t quite ready to open one of its most beloved properties.

Station Casinos Chooses Against Opening Palms Las Vegas

Most of the world’s biggest casino companies operate gambling venues in the city of Las Vegas. That includes MGM Resorts, Wynn Resorts, and Las Vegas Sands. Station Casinos has been operating here for decades and owns some of the most popular casino-resorts located off of the Strip.

One of Station Casinos’ most successful venues is Palms Casino-Resort. This company purchased this hotel-casino in 2016 and has worked hard on renovations and improvements. The casino (and all others in Las Vegas) was forced to close down in March and has remained shut down since that time.

Unfortunately, it seems that Palms Las Vegas will remain closed until tourism numbers begin to increase significantly. Red Rock Resorts CEO Frank Fertitta claims restrictions are more intense now than ever before. As a result, keeping properties closed remains the best option.

“I think the Palms is very oriented towards the tourist market visitation to Las Vegas,” Fertitta said. “[We’re working on] getting that business to return to normal. And in the local properties, we’re going to continue to look at how the older demographic response, given the vaccine, and get business back to normal before we do anything unless we’re certain that we can be cash-flow positive.”

Station Casinos is known for its business-first approach towards all of its properties. Officials within the company clearly believe that now is not the time to reopen casinos. This is unlikely to take place until the company can see a positive revenue flow.

Many are disappointed to hear the news. The Palms has been one of the best options for visitors to Las Vegas interested in staying off the Strip. For now, this property and many others will keep their doors closed.

LV Casino Companies Remain Optimistic for Upcoming Tourism Boom

Las Vegas has been the hardest-hit US city, from an economic standpoint, over the past year. An incredible number of jobs have been lost here. Many of the biggest and most powerful companies here continue to see major revenue drops.

There is reason to be optimistic, though. Many believe that as more people around the country receive vaccines, travel will begin to increase. Hope is that summer of 2020 brings about a massive new surge of travelers to the city.

Some incredible new casino-resorts will be opening their doors in this city over the next year, as well. That includes Resorts World Las Vegas. This massive new property is being constructed on the northern area of the Strip. It’s expected to be one of the most impressive casino-resorts ever opened in the city.

The new Virgin Hotel-Casino will also be opening its doors in Las Vegas this year. It’s an exciting move for the Virgin brand. This will be the company’s first foray into the casino industry and it’s clear this property will offer patrons something special.

There’s a chance the Palms Las Vegas will finally open its doors this summer, as well. Stay tuned for updates over the next few months!

Are you surprised to hear the Palms is remaining closed? When do you think this property will open? Let us know in the comments section below.

Jobs at Resorts World Las Vegas Are Already Filling Up

Resorts World Las Vegas

This summer, one of the biggest and most exciting casino-resorts ever built will open its doors in Las Vegas. Resorts World is expected to be an incredible new property for the city. This week, reports surfaced that many of the jobs at Resorts World are already filling up.

Tens of thousands of individuals have applied to work inside this brand-new casino. Many are excited to see what this venue has to offer. Today, we’ll take a quick look at the details of this new casino-resort.

Let’s get into it!

Resorts World Still Prepares for Summer 2021 Opening Date

Las Vegas is home to many of the world’s best casino-resorts. The majority of them are located on the Las Vegas Strip. This area boasts several multi-billion-dollar properties and regularly draws millions of individuals every single year.

It seems like every few years, another amazing casino-resort opens its doors here. Casino companies recognize the revenue potential in this city. Of course, revenue from this industry has been dropping considerably when compared to years prior.

Despite the recent difficulties, Resorts World continues to plan for a summer 2021 opening. This property has been under construction for many years. It cost $4.3 billion to construct, making it the most expensive casino ever built in Las Vegas.

There’s a lot to look forward to here. Resorts World features more than 111,000 square feet of gaming space and 3,500 rooms for guests. It has a unique Asian theme with some of the most high-tech amenities ever seen inside a casino-resort.

From an entertainment standpoint, this property is expected to be amazing. A 5,000-seat theater will open here. The Resorts World will also be home to several world-class restaurants.

It’s no surprise to see people already preparing to visit Resorts World when it opens. It now appears that a huge number of people are also looking forward to working inside this property.

Tens of Thousands Are Now Applying for Jobs at Resorts World Las Vegas

It’s becoming clear that Resorts World Las Vegas will be one of the most impressive gambling venues ever built. It’s truly state-of-the-art and should help to significantly boost tourism into the northern area of the Las Vegas Strip. An official opening date has not yet been revealed, yet it is guaranteed to take place sometime this summer.

Many are now looking for the opportunity to work inside this property. Resorts World recently announced that it needs to hire around 6,000 individuals. That news spread like wildfire, and more than 85,000 people have now sent in their applications.

Lori Calderon, executive director of talent acquisition for this property, spoke about this situation to the media this week.

“We’re waking up at night sometimes and taking notes, I’m doing that myself,” Lori said. “We’re identifying individuals every day who will be receiving offers. The time is now. It’s a large applicant pool, and we’re going to continue to communicate with applicants as much as we can. It’s a big job and we still have a lot of work to do.”

This surge of applications isn’t entirely surprising. A staggering number of residents in Las Vegas lost their jobs after the shutdowns back in March. Many of these individuals are still without work.

Hope is that Resorts World can make up for some of this job loss. Of course, only a fraction of those that applied will end up receiving a job inside this property.

Resorts World is perhaps the most exciting new gambling venue to open in Las Vegas in years. It’s not the only new property openings its doors here, though.

More Properties Scheduled to Open in Las Vegas in 2021

The past eleven months have been extremely challenging for the city of Las Vegas. This city remains the world’s biggest entertainment hub. Unfortunately, tourism remains low here and many of the casino-resorts are struggling to bring in revenue.

This isn’t stopping new casinos from opening up here. In fact, Las Vegas will see several exciting new properties opening their doors over the next year. That includes Resorts World Las Vegas in the north of the Strip.

One property that people are excited about is the new Virgin Hotel-Casino. This venue will open where the Hard Rock Hotel-Casino formerly sat. It’s Virgin’s first foray into the casino industry and many expect it to be one of the city’s best new venues.

This hotel-casino was expected to open its doors in February. That date has since been pushed back. It now seems this new casino will be opening its doors sometime over the next couple of months.

Several other small casinos will be opening here soon, too. These venues will help the city’s struggling job market considerably. The jobs at Resorts World Las Vegas are already filling up with the venue’s opening date now just around the corner.

Are you excited to see Resorts World opening up? Let us know in the comments section below!

Three Top LV Casino Companies Earned a Prestigious Award This Week

Las Vegas Casinos

Las Vegas has been through a lot over the past year. It’s still home to most of the world’s best casino-resorts, though. This week, three of the top LV casino companies earned a prestigious award from Fortune magazine.

It’s a huge accomplishment for these properties. Unfortunately, they still have a long road back to total recovery with the situation the land-based casino industry is in. Today, we’ll talk about which Las Vegas-based companies earned these awards this week.

Let’s get into it!

Las Vegas Casinos Hope for Tourism Boost Over Super Bowl Weekend

Las Vegas is still doing the best with what it has. Since March, the world’s most popular entertainment hub has been struggling. Tourism numbers remain low here and casinos continue to see dips in their monthly revenue figures.

There is no clear way to remedy this situation. Las Vegas is a city that relies heavily on its tourism industry. Without regular visitors heading to the city, many of the businesses here simply cannot stay afloat.

That includes the massive casino-resorts dotting the city. Even major properties such as The Palazzo have been forced to close for certain times of the week to cut down on costs. Until tourism returns to normal, the city will be kept under stress.

Many of the major casino-resorts here are now doing everything they can to bring in tourists for Super Bowl weekend. In the past, this has been a hugely successful time for the gambling properties here. Things will be significantly different this year than they have in the past, though.

Casino-resorts are doing what they can. Circa Las Vegas announced it was bringing back its hugely-popular Super Bowl betting squares game. Some of the casinos on the Las Vegas Strip are offering discounted room rates.

It’s a difficult time for the entire casino and entertainment industry. This week, some of the casino companies in Las Vegas were awarded for the excellence they bring to their guests and employees. Here’s what we know about this situation!

Fortune Lists Three Top LV Casino Companies on “Most Admired” List

Becoming one of the most powerful gaming companies in American isn’t easy. It takes a lot of work to get to where many of the casino companies based in Las Vegas are. Fortunately, many of these companies still work hard to do right by their patrons and employees.

This week, Fortune Magazine released its annual list of “most admired companies.” This year, three of the top LV casino companies were named. That includes Las Vegas Sands, Wynn Resorts, and MGM Resorts International.

The companies that earn a spot on this list are judged on nine different criteria. It seems that Fortune was impressed with how these casino operators handled the events that unfolded in 2020. Patrick Dumont, President and CEO of Las Vegas Sands, spoke about the award in a news release this week.

“We’ve built an enduring reputation as a global business leader on the foundation of innovative hospitality concepts, solid operational execution and financial performance, and a strong dedication to being a good corporate citizen,” Dumont said. 

This is a huge accomplishment for these companies. It may also help officials within these companies gain some confidence that they are on the right path. Unfortunately, it seems unlikely that these awards will help to increase the visitation number inside properties.

Hopefully, we see tourism numbers in Las Vegas gradually increase over the next few months. We’ll be sure to offer updates on this situation.

There’s Still Time to Bet on Super Bowl LV Online

Super Bowl 55 officially takes place on February 7 in Tampa, Florida. It’s expected to be a huge game with more viewers than any before in history. Land-based sports betting on the big game may drop, yet analysts expect a massive surge in online Super Bowl betting this year.

There are now a huge number of fantastic online sportsbooks operating around the entire country. One of the most popular is Bovada. This site launched in 2011 and has grown to become one of the biggest and most trusted internet sportsbooks in the United States.

Bovada is offering some tremendous odds on Super Bowl LV. With just a few days remaining until game day, the Kansas City Chiefs are listed as the -160 favorites. The Tampa Bay Buccaneers come in as the +140 underdogs.

Even the best football analysts are having a difficult time predicting how this game will play out. The Chiefs have one of the best offensive rosters in the NFL. Tom Brady has looked great with Tampa Bay lately, however, and might be able to use his experience to earn another championship victory.

Those lucky enough to head to Las Vegas this weekend will be treated to some fun Super Bowl parties. It’s also easy to bet on the game and enjoy it from home now, too. Stay tuned for a recap of all the action once the game concludes on Sunday.

Are you surprised to see three LV casino companies make Fortune’s “most admired” list? Let us know in the comments section below!