Here’s Why Macau Casino Share Prices Are Surging

Macau remains one of the world’s top casino destinations. For months, however, tourism into the city has been sparse and gambling revenue is dropping. Interestingly, Macau’s casino share prices have begun to increase this week. Today, we’re going to look at why this is.Wynn Resorts In Macau

Casino companies have to be pleased with this development. Many have been hurting badly through 2020. Some feel that Macau may end up being a source of valuable revenue for these companies heading into 2021.

Let’s look at what’s going on here!

US Casino Companies Continue to Release Revenue Reports

Casinos around the world are still being heavily affected by the global pandemic. The US remains the hardest-hit country from this new virus and casinos here are struggling to bring in players. It’s unclear when this trend may begin to change.

In recent weeks, some of the country’s biggest casino companies have begun releasing their second-quarter revenue reports. Things are about as bleak as most analysts predicted. All of these companies saw massive drops in revenue when compared to the same quarter in 2019.

Las Vegas Sands experienced a massive 97% drop in revenue in 2020’s Q2. Over these three months, the company managed to bring in just $98 million. That represents the worst quarter in the company’s history.

Wynn Resorts also offered some insight into its second-quarter earnings. This massive casino operator saw a 95% drop in revenue. Company officials are confident thing will look significantly better through July, August, and September.

It’s been a tough year for the land-based gambling industry. Many casinos have already been forced to permanently shut down. More are likely to do so over the next six months.

More focus is beginning to shift towards Macau, where rates of tourism may be about to increase.

Macau Casino Share Prices Have Begun to Increase

As we already mentioned, tourism into Macau has been almost non-existent for months. Much of that was due to the travel restrictions that mainland china set on this territory. In the past, visitors to Macau were forced to quarantine for two weeks after returning to the mainland.

Officials in Macau have been complaining about these regulations. Many felt they made it impossible for the tourism industry here to thrive. It now appears that the government in Mainland China agrees.

Authorities in the Hong Kong and Macau tourism offices have confirmed that visitors to these cities will no longer need to quarantine after returning to the mainland. Visitors will, however, need to obtain a negative Covid-19 test and a green health code in order to return home.

It seems likely that this will help to increase tourism to Macau. As a result, many Macau casino share prices have begun to increase. Melco Resorts & Entertainment saw an increase of 5.41%. Las Vegas Sands saw a 4.07% increase. Wynn Resorts’ share prices increase by 4.14%. Lastly, MGM Resorts International saw an increase of 1.42%.

It’s great news for these companies. It may be more than a year before casinos in the US see their revenue earnings return to normal. Hope is that Macau manages to make up for some of the revenue losses experienced in the United States.

What else can US casinos do to increase their earnings?

Online Gambling is Growing More Popular in the US

Many gambling fans have been disappointed to see their local casinos either closed or with significant restrictions set in place. As we mentioned earlier, many of these venues may be forced to permanently close down. The popularity of online gambling is now growing as a result.

Many love the convenience that these sites offer. It can also be exciting to see how many different gambling options these websites provide.

Sports betting is more popular now than ever before. More than 20 states have passed laws to legalize and regulate this industry. Many more are likely to do so over the next couple of months.

The surge in online gambling is likely to continue for some time. As more states earn money from their internet gambling industries, more states are likely to begin looking into its regulation, as well. Hopefully, the land-based casino industry begins to recover soon, as well.

We’ll need to wait and see how Macau casino share prices change as the weeks go on. It will be interesting to see how quickly tourism rates jump here with China’s travel restrictions now lifted. Make sure to stay tuned for updates.

Do you plan on visiting Macau anytime soon? Let us know in the comments section below!

Here’s How Much Revenue Wynn Resorts Made in 2020’s Q2

Officials within Wynn Resorts are busy working to come up with new ways to safely attract guests to their major casino-resorts. This week, the company found some time to look back at the year’s second-quarter revenue earnings, and things are about as bleak as most would predict. Today, we’re going to take a look at how much revenue Wynn Resorts managed to bring in during the months of April, May, and June.Wynn Resorts Logo

Wynn Resorts is far from being the only casino company to see its earnings drop. The year’s second quarter was the worst recorded in history for the US gambling industry. Fortunately, things seem to be slowly improving.

Let’s take a look at the numbers!

US Casino Companies Continue to Struggle Enforcing Health Regulations

Most states around the country have begun allowing their casinos to start operating again. Some of these states have been more successful than others. All of the casino companies around the United States face the same issue; protecting public health while trying to draw in players.

This is proving to be extremely difficult. Casinos draw in large numbers of people into a very small area. Obviously, these properties are easy places for the new coronavirus to spread. That’s true even with the safety measures being set in place.

All land-based casinos are trying to prevent gatherings. Slot machines are separated. Plexiglass barriers have been installed at table games. In many cases, eating, drinking, and smoking are completely banned inside casinos, as well.

Not every company is finding success implementing these new measures. Recently, the Nevada Gaming Control Board filed a complaint against the Sahara Las Vegas. The regulatory group claims this hotel-casino held a luncheon of more than 100 people and failed to limit large gatherings on its casino floor.

More of these complaints are likely to come up over the next few weeks. Casino companies are struggling to abide by the rules while staying profitable. It’s been difficult to see how much money some of the country’s top casinos have lost over the past six months.

This week, reports surfaced that show how much money Wynn Resorts has lost this year.

Reports Show How Much Revenue Wynn Resorts Lost Last Quarter

Starting in June, most of the top US commercial casinos began operating again. It was a much-needed change for the industry. Casinos around the country had been closed since March and revenue during this time was almost non-existent.

Not long ago, Las Vegas Sands released a report that shows it saw a nearly 97% drop in revenue during 2020’s second quarter. Officials within the company made it clear that they were hurting. The company’s revenue earnings have likely begun to increase since that time.

We’re now seeing a drop in the revenue Wynn Resorts earned during the year’s second quarter. This company is one of the biggest casino operators in the nation, yet it saw its revenue drop by 95% over the months of April, May, and June.

During this time, Wynn Resorts earned just $85.7 million. That’s a staggering drop from the $1.66 billion made over the same three months in 2019. CEO Matt Maddox claims the company is in a tough situation, yet it’s one that it will recover from.

“There will be winners and losers that come out of this,” he said. “When this is over, and we come out, we want to make sure that we have the capital available to grow, and we have the culture in place to take care of our people and our customers.”

It’s incredible to see how much revenue Wynn Resorts has lost over the course of a few months. It’s important to note, however, that the company’s casinos were shut down for most of 2020’s second quarter.

How will things look in quarter three?

Casino Revenue is Fluctuating Around the Country

Back in 2019, the US casino industry seemed stronger than ever before. Gambling markets around the country were thriving. That’s particularly true in states with legalized sports betting options such as New Jersey and Nevada.

2020 tells a different story. Most casinos are now open, yet many are unwilling to visit one of these gambling venues over safety concerns. Casino revenue is now fluctuating and even the top gaming analysts cannot say when we’ll see a sense of normalcy resume.

Everyone knows that 2020’s third quarter will be better than its second, though. Over the past two months, states have begun lifting their restrictions towards casinos.

In June, Nevada saw its casinos earn $566.8 million. That’s a 45.5% decrease when compared to the same time last year. Many still feel that it’s a win for the state, especially considering how little money was earned in the months prior.

It seems likely that more money was earned in July. We’re likely to see how much revenue Wynn Resorts made within the next two weeks. Stay tuned for updates!

Are you surprised to see how much money casino companies lost last quarter? When do you expect this trend to change? Let us know in the comments section below!

What’s Happening With Wynn Resorts in Japan Right Now?

US casino companies are doing everything they can to increase their revenue right now. As most already know, casinos are struggling to bring in players around the country. Many of these companies are now looking at overseas investment opportunities. Today, we’re going to look at what’s going on with Wynn Resorts in Japan.Wynn Resorts Company Logo

Wynn Resorts is one of the biggest casino operators in the world. Unfortunately, it’s been having a difficult time finding success breaking into the newly-emerging Japanese casino market. Now is the perfect time to look at why this is.

Let’s get into it!

Japan’s Casino Plans Continue to Face Delays

For decades, Japan’s government banned virtually all forms of traditional gambling. Despite the clear demand, lawmakers here pushed against the regulation of this industry. Many felt it would end up leading to an increase in crime and gambling addiction.

As time went on, the revenue potential from this industry became too large to ignore. Government officials began looking at how to safely allow major gambling venues to begin operating. In mid-2019, news broke that Japan officially approved a bill to legalize casino-resorts in three different cities.

It was extremely surprising for casino operators around the world. Many of the top US casino officials immediately began looking at ways to break into this country. It didn’t take long for them to realize opening a casino here will be a lengthy process.

Japan’s leaders wanted to ensure that these casinos are opened in the safest way possible. Different cities around the country needed to bid for the rights to host one of these new integrated resorts. Hope was that casino licenses would be awarded by the summer of 2020.

That timetable has since been pushed back. The global pandemic has made this entire process significantly more difficult. Several casino companies have abandoned their plans to break into this country altogether.

We’re now starting to hear more about Wynn Resorts’ plans to enter the Japanese casino market.

Here’s What’s Happening With Wynn Resorts in Japan

As we just mentioned, many of the world’s biggest casino companies have been working hard to gain a casino license in Japan. It’s been two years since casinos were legalized here, yet no licenses have been awarded. This is becoming incredibly frustrating for the companies hoping to operate in the country.

Wynn Resorts was one of the first companies to push for a Japanese casino license. Unfortunately, it’s looking as if the Las Vegas-based casino company may be close to putting its plans to the side. New reports claim Wynn Resorts has just closed down its Yokohama office due to the delay in being awarded a casino license.

The company released an official statement to the media this week about the situation.

“The pandemic is having an unprecedented negative impact on integrated resort development, and resort companies such as Wynn are considering how we evolve our operations to align with a post-pandemic market,” the statement said. “Long-term, we remain interested in the Japan integrated resort market and will monitor the situation closely.”

The prospect of Wynn Resorts in Japan isn’t completely dead. For now, officials within this company simply want to step back and watch how things unfold. They may choose to focus more on improving revenue figures from their US gambling venues.

Las Vegas Sands and Caesars Entertainment have both pulled out of the race to obtain a casino license in Japan. Unless things begin to change soon, Wynn may do the same.

How are things looking over in Macau?

US Casino Revenue is Recovering Faster Than Macau’s

Nearly all US casinos were completely shut down this past March. It took months for many states to begin allowing their casinos to start operating again. Some have still not allowed casinos to reopen.

Most of the country’s biggest gambling destinations are now up and running again. All of the major casino-resorts on the Las Vegas Strip are accepting guests again. Unfortunately, revenue here is still significantly lower than it was a year ago.

Many felt that US casino companies would begin relying on their properties in Macau for revenue. This Chinese territory opened its casinos many months ago, yet revenue is still extraordinarily low here. It doesn’t appear this small city will be the saving grace many expected it to be.

It’s an incredibly unusual time for the land-based casino industry. Some fear that states will eventually be forced to shut down their gambling venues once again. That seems highly unlikely to happen in major gaming areas like Nevada.

We may see Wynn Resorts in Japan sometime soon. Like all other companies, it seems content to wait and see how things unfold before it commits to opening a casino in this country.

Do you think Wynn Resorts will ever open a casino in Japan? Let us know in the comments section below!

The Encore Boston Harbor Will Reopen on July 12th!

Lawmakers in Massachusetts are currently working to reopen the state’s economy. It’s been a tough year for the casinos here, all of which have been closed down since March. According to new reports, the Encore Boston Harbor will officially reopen to the public on July 12th.Encore Boston Harbor Hotel-Casino

Many casinos are now opening across the country. Some fear that these venues may soon be forced to close down again as Covid-19 infection rates continue to increase. As of now, however, Massachusetts seems determined to get this industry back on track.

Let’s look at what’s being planned at the Encore Boston Harbor!

Casinos Around the US Have Begun to Reopen

In March of this year, every state around the country began shutting down in one way or another. Some states took drastic measures and began ordering residents to remain inside their homes. Others had much more lenient regulations and instead focused on keeping the state economy running.

We’re now in July, and states are still trying to balance the economy and public safety. Every state has begun to reopen. It should come as no surprise that some are doing so much quicker than others.

Casinos have started to reopen in many different states around the country. In states like Mississippi, lawmakers have allowed the commercial gambling venues to open back up. Other states, such as California, have seen their tribal casino industry reopen without the specific approval of Governor Newsom.

Unfortunately, rates of Covid-19 have started to increase around the United States at an unprecedented pace. Most states have slowed their reopening process. Some analysts now believe that casinos may eventually be forced to close down once again.

It’s an incredibly difficult situation. States are still looking at ways to reopen businesses without putting the public in danger. Over in Massachusetts, one major casino-resort is preparing to reopen to the public.

Encore Boston Harbor Plans to Start Accepting Guests Again on July 12th

Massachusetts has a very new land-based casino industry. It wasn’t long ago that lawmakers here decided to officially legalize these gambling venues. Today, three casinos are operating in this state.

The biggest and arguably best is the Encore Boston Harbor, owned by Wynn Resorts. This venue was opened in June of 2019. It didn’t take long for the Encore to become the most popular casino in the state.

Governor Charlie Baker recently announced that Massachusetts is entering into Phase 3 of reopening on Monday. Just hours after this announcement, the Encore Boston Harbor announced that it was reopening to the public on July 12th. The casino released a statement claiming they want to make things as safe as possible.

“Every effort has been made to preserve Encore’s luxury experience and provide guests with the peace of mind needed to enjoy a fun and relaxing return,” the statement said. 

When the Encore Boston Harbor opens, only slots and blackjack will be available to players. Plexiglass barriers will be set on these blackjack tables. Other games such as poker and craps will become available sometime later this summer.

Gambling fans here are extremely excited to see this venue open back up. We’ll need to wait and see how many people begin visiting this venue after July 12th.

How is the US Casino Industry Faring Right Now?

2020 has been the toughest year in history for the land-based casino industry. For months, these venues were shut down. Many have reopened, yet the amount of revenue these venues are earning is significantly lower than it was just a few years ago.

Strict social distancing measures are still in place inside these venues. They are also operating at limited capacity. It’s not entirely clear when these casinos will be given permission to function normally again.

As we mentioned earlier, rates of Covid-19 have been steadily increasing for weeks. Some states are being hit much harder than others. There are still fears that casinos around the state will be forced to shut down. That’s already happened in Arizona.

Las Vegas remains the world’s biggest gambling hub. Casinos here have been open for more than a month, yet tourism remains low. Hope is that some of the new, recently-opened venues here will help to attract new visitors.

The Encore Boston Harbor will officially open back up on July 12th. Gambling fans in Massachusetts are already getting excited. We’ll report on the revenue earned here over the next few weeks!

Are you excited to see the US land-based casino industry start to reopen? Let us know in the comments section below!

Two Casinos Want in on Boring Company’s Tube System

Las Vegas Convention CenterElon Musk’s innovative Boring Company is developing an underground “people mover” loop system in Las Vegas that’s set to be finished by next January. It will be used to move more than 4,000 people through the tunnels, allowing them to go from venue to venue in a fraction of the walking or driving time.

The idea behind it was to relieve congested convention traffic and provide Las Vegas visitors with a more convenient way to travel between the Convention Center and different resorts.

The $52.5 million-project recently completed its first phase in May, which involved digging a second tunnel underneath the Las Vegas Convention Center, the hub of where the system will live. The first tunnel was dug in February.

The next phase of the first-of-its-kind project will involve completing the above-ground passenger stations on both sides of the tunnel. The loop system is formerly being called the “Convention Center Loop,” and hopes to break ground in time for next year’s Consumer Electronics Show (CES).

It will be Boring Company’s first commercial transportation project. A variety of Tesla vehicles will move people through the tunnels in a matter of minutes, versus them making a cross-campus walk that would take around 15 minutes.

The Loop is mainly meant to serve convention-goers and be a benefit for trade shows, rather than stand as a public transportation system, and it will be a free service.

Wynn Resorts and Resorts World Want in On the Loop System

Both Wynn Resorts and Resorts World, which is still under development, are seeking county approval to get linked up to the Convention Center Loop.

Wynn Resorts and Encore are the closest resorts to the Convention Center, so getting approval to get connected to the station would be ideal. If approved, travelers could get from the Convention Center to Wynn Resorts and Resorts World in just a couple of minutes.

According to Scott Sibella, president of Resorts World Las Vegas, getting linked would remove Convention guests’ worries or making the long walk back to their resort or getting stuck in gridlock traffic.

The transportation system would allow them to easily leave the Convention Center for lunch, meetings, appointments, or sightseeing, and get them back quickly. It’s a win-win on both ends.

Loop Could Possibly Even Link to Allegiant Stadium Next Year, Too

Allegiant Stadium, which is set to be completed by the end of July 2020, could also possibly link to the Loop next year.

According to Steve Hill, Las Vegas Convention and Visitors Authority CEO, the Convention Center and the $2 billion-dollar stadium could be linked as early as the start of the 2021 NFL season.

This would make a be a convenient solution for stadium-goers to make it to and from the stadium, since the stadium is located on the very south end of the Strip, past Mandalay Bay.

There is no estimate on how much it would cost to link the two properties, but passengers riding between these two locations would be charged a fee.

Sisolak Approves LV Casinos to Open on June 4th

Las Vegas is just a little over a week from getting back to some sense of normalcy. Earlier this week, Nevada Governor Steve Sisolak approved plans to reopen many of the state’s major casinos. The current plan is for LV casinos to open on June 4th.

Governor Sisolak

Just about everyone in Nevada is anxious to see these gambling venues reopen. As most know, they provide a huge amount of money and jobs to the state. Today, we’re going to discuss which venues plan to reopen, and what this means for Nevada’s economy.

Let’s get into it!

Reopening the Casinos in Nevada Hasn’t Been Easy

Every state in the country has been economically affected by the new coronavirus spreading around the world. Some, obviously, are being hit harder than others. There are some that feel Nevada is being the worst-affected in terms of direct money and job loss.

Casinos in this state were forced to close down back in March. This instantly left hundreds of thousands of individuals without work. Many of the casino companies here also began losing millions of dollars each week.

Nevada’s tourism industry immediately came to a halt. That proved to be devastating for many of the restaurants in this city that rely on outside visitors. It’s easy to see how so many businesses started to suffer due to the shutdown of major casino-resorts.

Carolyn Goodman, the mayor of Las Vegas, controversially called for the city to start opening up weeks ago. Governor Sisolak didn’t budge, and continued to tell the media it was too early. Residents around the city eagerly awaited news on what was to come.

Now, it appears state officials feel things are safe enough to finally open back up. Many of the biggest casino-resorts are expected to open their doors next week. Here’s what we know about this situation.

Governor Sisolak Gives Green Light For LV Casinos to Open

Forcing all of the casinos in Las Vegas to close was completely unprecedented. Never before has this taken place in this city. It’s likely that most felt doing so would be impossible. For the past couple of months, the focus has been on getting back to normal.

Governor Sisolak has been cautious in allowing the state’s casinos to start accepting guests again. That’s perfectly understandable, as these venues are easy places for a contagious respiratory virus to spread. Sisolak seems content with the safety measures set in place and has given the green light for LV casinos to open their doors on June 4th.

Josh Swissman, one of the founders of The Strategy Organization, believes that opening back up will be a learning process for many of the casino companies here.

“Once their doors re-open on the 4th, operators are going to learn so much from those critical first few hours and days,” he said. “There will undoubtedly be tweaks and fine-tuning made to their re-opening procedures as a result of what they will see. Marketers should be watching visitation volume and guest behavior closely, and should look to pivot quickly if changes to their marketing plans need to be made.”

Not all of the casinos in Las Vegas are going to open back up at once. It will be a slow process and companies will look to slowly figure out what works and what doesn’t. The important thing will be to encourage social distancing on the casino floor.

Which Las Vegas Casinos Will Open Up Next Month?

The casino industry in Las Vegas is the biggest in the country. More than 40 million people flock to this city every year to enjoy the entertainment and gambling options available. With Sisolak’s approval for LV casinos to open next month, many of the major casino companies are gearing up to start accepting guests.

Caesars Palace and The Flamingo are scheduled to be the first casino-resorts to reopen. These venues will be accepting guests starting on June 4th. These venues will offer free parking and plan to open many of their restaurants, pools, and casino options.

MGM Resorts International claims that New York-New York and The Bellagio will be their first properties to reopen. A specific opening date for these venues has not been officially revealed.

Wynn Resorts has just recently announced that both of its Las Vegas properties will reopen to the public on June 4th.

“We are ready to provide our guests with a full Las Vegas experience with a collection of luxury amenities and unmatched service,” Wynn Resorts CEO Matt Maddox told the media. “The entire Wynn team is looking forward to welcoming our guests back.”

If all goes according to plan, all of the casinos in Nevada will start accepting guests next month. Hope is that enough tourists begin flocking to Las Vegas to keep these properties profitable.

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

Wynn Resorts to Likely Reopen LV Strip Properties Together

Wynn Las Vegas LogoWynn Resorts, who have their hopeful eye on a Memorial Day Weekend reopening, says they will likely reopen their Strip resorts at the same time once casino restrictions are lifted.

According to Wynn Resorts CEO, Matt Maddox, the reopening of both of its Las Vegas properties will be consciously done at a limited capacity and in response to what looks like a “pent-up demand in the leisure segment.”

“Clearly, we won’t be opening large mass gathering places — nightclubs or convention areas or shows…but we will be opening most of our restaurants, and we’ll be working with our retail partners to try to have an experience that will be safe and fun,” Maddox assured.

Company officials say that the two properties will need to reach an occupancy rate of 50-60% to break even.

Wynn Provides Full-Pay to Employees Through May 31

The company recently announced that they will be extended pay coverage and benefits to all of its salaried, hourly, and part-time employees in Las Vegas through May 31. Wynn Resorts employs nearly 15,000 in Las Vegas.

With the extension of pay coverage, in total, the company will cover a total of 75 days of employee payroll.

Wynn Resorts has also recently partnered with University Medical Center (UMC) in Las Vegas to provide staff with free COVID-19 testing, which will begin next Monday.

Strip Casinos Likely to Have Staggered Re-openings

Even when Strip casinos do get the green light to finally reopen, it’s likely they won’t all reopen at once.

MGM Resorts International executives recently discussed which of their 10 Strip properties they’ll likely reopen first, and believe the Bellagio and New York-New York will be their best bets as they target different traveler’s budgets.

Late May Opening Possible

In the company’s Wednesday earnings call, Maddox said a reopening in May could be a possibility with Nevada’s phases reopening plan. Beginning this Saturday, May 9, Nevada will move into Phase 1 of reopening, which means the reopening of retail stores, restaurants, barbershops, hair salons, and nail salons at 50% occupancy.

Maddox added that casino’s reopening would depend on the state hitting its public health benchmarks as indicated in the Governor’s reopening plan, which was announced April 21.

Stay Tuned

It’s still unsure what the Strip reopening looks like, whether less than 10 properties will open at once to test the waters, or whether they’ll all want to jump back into business. It will really just depend on the state of the outbreak at that time and visitor’s confidence in traveling to Las Vegas.

Be sure to check back for more coronavirus updates in Las Vegas.

Wynn Resorts Extends Full Pay for LV Employees Through May 31

Wynn Resorts in Las VegasWith the state’s casinos still shutdown, Wynn Resorts announced on Thursday that they will be extending pay for all salaried, hourly and part-time employees in Las Vegas through May 31.

That amounts to 15,000 Wynn employees receiving payroll coverage on a total of 75 days of payroll continuance. The coverage also includes eligible employees’ tip compliance rate/distributed tips.

Employee pay coverage during the shutdown is expected to cost the company close to $250 million in payroll expenses.

The company also announced its partnership with University Medical Center (UMC) that allows free testing for COVID-19 for all Wynn employees. The free testing will begin next Monday.

Wynn Eyes Memorial Day Reopening

Although there has been no confirmed reopening date for casinos, on Thursday, Nevada Gov. Steve Sisolak announced that Phase One of his four-stage reopening plan will begin this Saturday.

Phase One allows for the reopening of restaurants, retail stores, barbershops, and salons at half capacity. It seems like a promising start on the trajectory to hopefully get casinos opened back up by the end of the month.

Wynn Resorts is hoping their Las Vegas properties will reopen before the month’s end, and have even begun accepting reservations for Memorial Day Weekend.

Wynn Resorts spokesman Michael Weaver says the properties have historically always had heavy bookings around the holiday day weekend, as it’s a time when many visitors from Southern California drive into Las Vegas to celebrate.

With traveler’s confidence in air travel still wary, a Memorial Day Weekend could prove to be promising, as Southern California visitors, who make up a bulk of the holiday weekend guests, will only have to drive to get it into Vegas.

Wynn Prepares for Reopening

As casinos everywhere prepare to open back up, they’ve started implementing a series of safety protocols to ensure their property is safe for returning staff and guests.

Some coronavirus safety measures that the Wynn has put into place is rearranging its casino floors to support social distancing, such as staggering poker tables, sanitizing table game rails and chairs after every guest-use, and disinfecting hard surfaces that are frequently in use.

Thermal scanners to detect employee or guest’s internal temperatures will also be introduced, as well as placing hand sanitizers at all entry points.

Signage will be placed across the property reminding guests and employees to avoid touching their faces, washing their hands, and proper ways to wear and dispose of masks.

They will also be no more than four guests allowed per elevator.

Stay Tuned

With the Governor’s quick announcement of Nevada entering into Phase One, a benchmark that was originally planned to hit May 15, it may only be a matter of weeks until the announcement of casinos reopening happens.

It’s a waiting game until then, but we’re glad to see that Nevada is gaining some momentum.

The Governor has urged Nevadans to continue practicing social distancing as it’s “the best weapon” in helping to keep the disease at bay.

Be sure to stay tuned for more coronavirus coverage in Las Vegas, keep your social distance, and above all stay safe!

Wynn Las Vegas Now Accepting Reservations for Memorial Day Weekend

Wynn Las VegasAlthough the Las Vegas Strip is still shutdown until April 30 (unless a further extension is necessary), some resorts are beginning to book reservations for May, including Wynn Resorts.

Wynn Resorts spokesman Michael Weaver says they’ve begun accepting reservations beginning Memorial Day weekend. It’s a strategic move since Weaver explained that the property has always had heavy bookings around the holiday day weekend.

Namely, he says, it’s a popular time for visitors from Southern California to head into Vegas.

According to Weaver, all protective guest and employee measures will be put into place in time to welcome visitors back to the property by Memorial Day.

Other Las Vegas Casinos Taking Reservations for May

As of this Sunday, Caesars Entertainment Corporation, Boyd Gaming Corporation. and Station Casinos are all accepting reservations beginning May 15.

According to Caesars spokesman Richard Broome, they want to secure reservations by the time their properties open their doors. But, even if a website has open booking dates, it’s not a guarantee that the property will reopen at that time.

The final reopening decision will rest with Nevada Governor Sisolak, who detailed the state’s phased reopening plan last week.

Broome explained that the company will wait for the Governor’s green light to reopen casinos on the Las Vegas Strip, and will make adjustments to their sites booking dates based on what’s decided in the coming weeks.

Las Vegas Casinos Who Are Cancelling May Reservations

Other mega-properties on the Strip took the opposite approach, by canceling their May reservations until a more promising date is given.

Last week, the Venetian canceled all their reservations through May 31, although they’re extending employee pay through May 17 at the least.

On Friday, MGM Resorts International also canceled their reservations from May 1 through May 21. The next available booking date on MGM’s website isn’t until June 1.

However, many of these casinos are frequently updating their booking dates to reflect the COVID-19 situation, so what’s available today might change next week.

Casinos who have canceled reservations have notified guests that their bookings were canceled.

Wynn Resort’s Protective Casino Measures

On Sunday, Wynn Resorts released updated guidelines on how they plan to implement coronavirus safety measures upon reopening. There are a variety of different precautions in place to ensure guests and staff feel safe upon returning.

Those precautions include staggering poker tables so that every other table is in use. Maximum seating at individual tables will be determined based on expert guidance. Rather than “tapping out,” dealers will verbally state when they are leaving to go on breaks.

Guests will be reminded and constantly encouraged to clean their hands before and after playing,

Supervisors will also be tasked with sanitizing table game rails and chairs once every guest leaves, as well as sanitizing the outside of shufflers every hour.

They’re also being asked to sanitize podiums, phones, computers, and all other hard surfaces.

Slot machines, race, and sportsbooks will all be reconfigured to support social distancing guidelines.

Stay Tuned

A lot can change for Vegas within the next week, should the shutdown measure be lifted.

We’ll just have to stay tuned for what Gov. Sisolak announces in the coming days or weeks.

What do you think about the casino’s preventative reopening measures? Do you think people will rush back to the casinos, or test the waters out first?

Let us know your thoughts in the comments below. And stay safe and healthy out there!

 

Matt Maddox Comments on the Reopening of Las Vegas

We’re nearly three weeks into April and Las Vegas remains shut down. Gambling analysts are still trying to predict when Nevada’s casinos will be given permission to open again. This weekend, Wynn Resorts CEO Matt Maddox released a statement asking for the reopening of Las Vegas.CEO Matt Maddox

Wynn Resorts is one of many casino companies that’s suffering due to this casino shutdown. Unfortunately, it may be some time before any gambling venues open their doors here again. Today, we’re going to look at what exactly Matt Maddox wants to see happen.

Let’s get into it!

Governor Steve Sisolak Extends Casino Closures

Back in early March, officials within Las Vegas began to discuss the possibility of shutting down the city. The new coronavirus had begun to spread in Clark County and many experts feared that casinos were the perfect venues for further infections. Eventually, news broke that all of the city’s casinos were closing to the public.

This wasn’t an easy decision to make. Las Vegas, as most are well-aware of, relies heavily on its gambling and tourism industries. Forcing casinos to shut down has ended up costing many companies millions of dollars every single day.

One of the main issues is that no one knows when this lockdown will end. Governor Sisolak claims he will not bend to the request of Las Vegas officials. This past week, he decided to extend the casino shutdown.

The Mayor of Las Vegas has already voiced her disapproval with this strategy. She claims many businesses will be unable to survive under the current situation. Sisolak isn’t budging and told the media these measures need to be taken in order to save lives.

Casino companies in Las Vegas are getting restless. This includes Wynn Resorts, one of the first companies to voluntarily close down last month. Here’s what the CEO of Wynn Resorts is now asking for.

CEO of Wynn Resorts Calls for the Reopening of Las Vegas

It seems like everyone has an opinion on how to handle this virus outbreak. Some feel that states need to remain locked down to prevent the healthcare system from becoming overwhelmed. Others think it’s time to lift restrictions in order to get the economy back up and running.

The land-based casino industry is one of the hardest-hit during this pandemic. All casinos across the country are currently shut down. Now, some of the biggest casino operators feel that something needs to change.

Matt Maddox released an opinion piece to the Nevada Independent this week. The CEO offered his own plans to allow casino-resorts in Las Vegas to start operating again.

“Begin with reduced occupancy, physical distancing measures in place, temperature checks and no large gatherings,” he said. “We all need to wear a mask.”

That’s easier said than done. No one can accurately say how a casino would operate with physical distancing measures in place. Some have claimed that slots would be further spaced apart and tables would reduce their number of seats.

It’s an extremely difficult situation. Governor Sisolak has extended the casino shutdown for a couple more weeks. We’ll need to see whether or not he listens to Maddox’s plans for the reopening of Las Vegas.

Masks Present Security Concerns for Las Vegas Casinos

When the coronavirus first began spreading around the United States, health officials dismissed the efficacy of traditional face masks. Many were quick to point out that these masks would not prevent individuals from becoming infected. Things have now taken a complete 180.

In many parts of the country, masks are now required when in public. Health experts now claim these help to prevent those who may already be infected from spreading the virus to others.

Matt Maddox believes that masks will be an important part of reopening Las Vegas. He’s suggested that all dealers wear these masks inside casinos. Some feel this will make security inside Las Vegas casinos very difficult to manage.

Casinos are known to rely on facial recognition technology. This helps to catch cheaters and spot individuals who have been banned from gambling in the past. Masks will make this technology virtually useless.

There’s also the fear of traditional robberies. Those wearing masks will be difficult to identify. It’s likely that casino officials are already looking at new ways to get around these possible issues. Governor Sisolak is likely to address these concerns, as well.

Reopening Las Vegas won’t be easy. It may be a long time before things truly get back to normal here. In the meantime, casino officials are presenting ideas on how to get the city up and running again in the best possible way.

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