Nevada state officials continue to verbally spar over how to lift restrictions. As of now, all casinos across the state are completely shut down. Things may soon change, however, and the Las Vegas Treasure Island is preparing to open its doors to the public on May 15th.
It’s surprising news for many residents in this state. It appears Treasure Island is preparing to be the first casino to open on the Las Vegas Strip. Today, we’re going to look at this venue’s plans for the future. We’ll also discuss some of the recent changes made at this property.
Let’s get into it!
The Radisson Group Now Owns Treasure Island
Treasure Island Hotel & Casino first opened its doors back in 1993 on the Las Vegas Strip. At that time, this venue was one of the hottest news casino-resorts on the Strip. In 2003, owners of this venue decided to start running a major pirate show in front of the hotel.
MGM Resorts ran this property for many years. It was hugely successful early on, yet at a certain point in time revenue here began to drop. By the mid-2000s, news began surfacing that officials within MGM Resorts International planned to sell this property.
In 2008, the Las Vegas Treasure Island was officially sold to Phil Ruffin. The businessman owns several major properties around the world and made it clear he wanted to break into the Las Vegas market. Ruffin announced several major changes to this venue, including removing the famous pirate show in 2013.
Last year, Ruffin made headlines by announcing this casino was joining the Radisson Group. Many analysts felt this was the perfect time for this move. The Radisson Group owns properties in 115 countries around the world and is known for its popular rewards program.
Things haven’t exactly gone smoothly in 2020. Like all other casinos in Las Vegas, Treasure Island has been forced to close its doors for more than a month. Now, it appears the owners of this venue have a date in mind to open up again.
Las Vegas Treasure Island Set to Open on May 15th
Since March, every single casino in Nevada has been forced to close its doors. Governor Steve Sisolak ordered these venues to shut down due to the spread of the new coronavirus around the country. This has proved to be devastating to the state’s economy.
Las Vegas, in particular, is taking a major hit due to these regulations. Tourism into the city has completely stopped. Due to the casino closures, gambling revenue here has also come to a halt and many major casino companies here are losing millions of dollars every single day.
Analysts around the country have questioned when casinos will be allowed to operate here. Governor Sisolak has maintained that casinos need to remain closed in order to protect public safety. The Mayor of Las Vegas, however, has called these regulations “total insanity.”
It now appears that one casino-resort is preparing to open. News is coming out that the Las Vegas Treasure Island is preparing to open on May 15th. The hotel’s website confirmed this news to the media.
“We are currently accepting reservations for arrivals beginning May 15, 2020 (subject to change),” the website says.
It’s important to note that this has not been set in stone. Governor Sisolak may decide to force all of the state’s casinos to remain closed. For now, though, it seems this hotel-casino plans to open its doors next month.
Las Vegas Mayor and Governor Sisolak Continue to Argue
The past month has likely been the strangest in the recent history of the United States. Much of the country is completely shut down. Different state leaders are now working to come up with new plans to reopen.
Nevada Governor Steve Sisolak is taking a more cautious approach. He agrees with many health experts who warn opening too early will result in a major surge of cases. This has been frustrating for Las Vegas Mayor Carolyn Goodman, who now wants to see things get back to normal.
Goodman is not presenting any real plans to reopen, though. The Mayor of Las Vegas instead argues that it’s up to state officials to get the economy back up and running. Governor Sisolak is already brushing these comments aside.
Casino companies in Las Vegas continue to suffer. This includes MGM Resorts International, Wynn Resorts, and Las Vegas Sands. Even the owners of the Las Vegas Treasure Island are losing an incredible amount of revenue right now.
Some experts believe that Macau will become hugely important for these companies. Hope is that the revenue earned from Macau’s casinos will make up for some of the money being lost in Las Vegas.
Stay tuned for more Las Vegas casino news over the next few weeks!