April Gaming Revenue in Nevada is the Lowest in History

Everyone knew that the reports on April gambling revenue in Nevada would be bleak. Some, however, predicted that the online gambling options in this state would lessen the blow casino companies faced. That does not appear to be the case, as the gambling revenue earned here last month was the lowest in history.Revenue Drop Picture

The past three months have been extremely difficult for Las Vegas. Things are likely to improve in June, though. Today, we’re going to look at exactly how much money was earned here, and discuss how things will change over the next few weeks.

Let’s get into it!

Nevada’s Casinos Were Closed For the Entire Month of April

Nevada, and specifically Las Vegas, is home to many of the world’s biggest and best casino-resorts. Tens of millions of visitors flock to this state every single year to gamble inside these world-class venues. Unfortunately, all of Nevada’s casinos have been closed since March.

As the new coronavirus began to spread, officials in Nevada began to realize how much of a risk these casinos pose. A decision was eventually made to close them to the public. This almost instantly resulted in hundreds of thousands of job losses.

Shutting down casinos here affected many other businesses. Restaurants, for example, were hit extremely hard in cities such as Las Vegas. Many other entertainment-based venues have seen their revenue completely stop flowing in.

Tourism also completely stopped in this state. Almost no one was visiting cities like Las Vegas unless it was crucial. That’s extremely difficult for a city that almost entirely relies on outside visitors to function normally.

Revenue figures in March were bad. Casinos were open here for a time, though, meaning at least some money was made. New revenue reports are coming out for the month of April that show how devastating this casino shutdown really was.

The Reports On April Gaming Revenue in Nevada Are In

Many have eagerly waited to see how much revenue Nevada’s gambling industry managed to earn last month. Obviously, this money cannot come from the land-based casinos themselves. There are, however, a wide range of regulated online gambling options here.

Unfortunately, these online gambling options didn’t help much. The State Gambling Control Board released a report on the April gaming revenue in Nevada that shows gaming win decreased by 99.6% last month. That includes a 99.3% drop on the Las Vegas Strip. Washoe County saw the biggest overall drop in revenue at 100.12%.

This is the lowest revenue has ever been since records started being kept in 1983. The only real wagers placed here were on unorthodox sporting events. Almost no major sports leagues were operating during the month of April.

Fortunately, things are guaranteed to improve in June. Many casinos in Las Vegas are scheduled to reopen on June 4th. Some predict that a huge surge of tourists will flock to the city.

The reports on April gaming revenue in Nevada show how tough a casino shutdown can be. The full effects of these regulations are not yet entirely known. Hope is that enough money is made next month to help the state’s economy recover.

This Might Be the Perfect Time to Book Your Trip to Las Vegas

As we just mentioned, casinos in Las Vegas are scheduled to finally reopen on June 4th. Both residents and tourists are excited to see things get back to normal. A huge number of great travel deals are now being offered here to attract more visitors.

Earlier this week, news broke that casino owner Derek Stevens is offering thousands of free flights to the city. He feels this is an effective way to boost tourism. Incredibly, Stevens is not even demanding that those who receive these flights stay at his venues!

Many of the major casino companies are significantly reducing their rates. That includes MGM Resorts International and Wynn Resorts. These lowered room rates will likely remain in place for the next few months.

Those looking to visit Las Vegas without breaking the bank may want to consider making the trip this summer. Things will certainly be different than they were just a few months ago. Casinos will encourage social distancing and limit unnecessary contact. The spirit of Las Vegas will remain in place, though.

Everyone knew that April gaming revenue in Nevada would be incredibly low. The same can be said for the revenue earned in May. The real test will be how these casinos perform in June.

Are you planning to visit Las Vegas this summer? Let us know in the comments section below!

Is Now the Perfect Time to Make Las Vegas Travel Plans?

For the past two months, tourism into Las Vegas has been almost non-existent. As time goes on and casinos begin opening back up, many expect visitors to start flocking to this city. This week, several experts revealed that now might be the perfect time to make Las Vegas travel plans.Welcome Sign In Las Vegas

Prices in this city are expected to drop considerably. It may be the most affordable time to visit in recent memory. Today, we’re going to discuss what deals may become available over the next few months.

Let’s get into it!

Gambling Revenue in Las Vegas Continues to Fall

Just a few months ago, the idea of shutting down Las Vegas was incomprehensible. This city draws more than 40 million visitors every single year and generates an incredible amount of money for the state of Nevada. The gambling industry in Las Vegas alone employs hundreds of thousands of people.

In March, Governor Steve Sisolak announced that all non-essential businesses were being forced to close down. That includes casinos. It was an important decision, as rates of Covid-19 were beginning to appear in Clark County.

Closing down the casinos is having some major consequences, though. As we just mentioned, many people are directly employed by these casino companies. Nevada’s gambling industry is also responsible for drawing in tourism.

Revenue in Las Vegas has plummeted over the past two months. In March, revenue in the state fell by 39.6%. Things were even worse on the Las Vegas Strip, where revenue fell by an incredible 45.7%.

All experts feel that revenue in April will be considerably lower than it was in March. Casinos in the state were closed down for that entire month. Many state leaders recognize that things need to change if Las Vegas wants to survive as a city.

Fortunately, it appears that casinos may be preparing to reopen. Many now believe that this is the perfect time to start booking your travel to Sin City.

Experts Feel Now is the Time to Make Las Vegas Travel Plans

Things are still far from being normal in Las Vegas. Based on the way things are moving, though, it seems that many businesses will be allowed to open here in June. It’s for that reason that some are advising people to start booking their travel.

Earlier this week, Allegiant Airlines started offering up to 25% off their routes. Several of the top casino companies in the city also began offering major deals last month. Some experts believe more of these deals will start to emerge as summer draws closer.

Gabe Saglie spoke to the Las Vegas Review-Journal this week and claims Las Vegas will be very cheap to visit this summer.

“Post-COVID travel, I think, will be pretty inexpensive because of this desire to incentivize travelers to hit the road,” he said. “We’ll see some great rates at hotels; we’ll see airfare sales. You’re seeing an amazing amount of hotel prices well under $100 or $50 a night. The industry is just now starting to put ad dollars behind promoting this stuff. … I think you’ll see a more concentrated push (in the weeks to come), and those deals will become much more visible.”

That has to be exciting news for some people around the country. Not long ago, several analysts predicted that tourism would start to surge in this city once casinos reopen. That seems more likely if prices become more affordable.

Many feel that casinos are just a few weeks away from opening to the public. Here’s what we know about this situation.

Casinos in Las Vegas May Reopen in June

Just about everyone wants to see casinos reopened in Las Vegas. Most people also recognize that these venues are easy places for the coronavirus to spread. Officials around Nevada are doing everything they can to get casinos up and running in the safest way possible.

Not long ago, Nevada’s Gaming Commission approved a set of guidelines to safely reopen casinos. There are many measures being set in place to avoid major infection surges. That includes hand sanitizing stations on the casino floor, social distancing measures, and requiring face masks.

It’s beginning to look more likely that casinos will be allowed to reopen their doors in June. Several of the top casino operators in Las Vegas are preparing to open some of their casinos. MGM Resorts claims it will most likely open the New York-New York Hotel & Casino, and The Bellagio Casino-Resort first.

Of course, everything depends on Nevada’s fight against Covid-19. If a massive spike in cases is recorded here, things will be delayed. In the meantime, some of the country’s top travel experts are advising that people begin to make Las Vegas travel plans. Things may be cheaper now than ever before.

Next month will tell a lot about the future of this city. There’s a chance we’ll see tourism here start to boom again. This will be a welcome relief for many workers here.

Are you planning to make Las Vegas travel plans anytime soon? Let us know in the comments section below!