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Business
December 14, 2020
Nevada Extends COVID-19 Restrictions until January 15
The existing COVID-19 restrictions in Nevada will last until January 15, announced Governor Steve Sisolak. Although the pandemic is still ongoing, the Governor revealed that for the moment, the casino industry will remain operational, helping the state with vital gaming tax revenue. Governor Sisolak Extends the COVID-19 Restrictions Nevada Governor Steve Sisolak revealed yesterday that […]
Casino
December 6, 2020
Virgin Hotels Las Vegas Pushes Opening Date Due to COVID-19
In light of the ongoing pandemic, JC Hospitality, owner of Virgin Hotels Las Vegas pushed the opening date of the resort to next year. The operator stressed that the health and safety of customers and employees remains a top priority. Virgin Hotels Las Vegas Opening Date Pushed to Next Year January JC Hospitality, owner of […]
Business
December 5, 2020
MGM Resorts Shakes Up Corporate Team, Appoints New COO
MGM Resorts International announced Friday major changes in its corporate leadership team while naming long-term executive Cory Sanders as COO. The End of MGM Resorts’ Corporate Reorganization US hospitality and entertainment group MGM Resorts International appointed chief financial officer Corey Sanders to chief operating officer on Friday. Until the company finds a replacement for the […]
Casino
December 1, 2020
Will Local Clients Help Las Vegas on Its Way to Recovery?
Impacted by the COVID-19 pandemic, the gambling capital of the world, Las Vegas is on its way to slow recovery. While the levels of air and land traffic are yet to increase, it may be the local gamblers in Las Vegas that can help the operators keep afloat. The Pandemic’s Impact on the Gambling Capital […]
Business
November 29, 2020
Clark County Utilizes Reserve Fund for Staduim Bond Payment
Officials in Clark County, Nevada, announced they had to tap the reserve fund related to the General Obligation Stadium Improvement Bonds for more than $11.5 million to make the outstanding bonds interest payment of $16 million. General Obligation Stadium Improvement Bonds Series 2018 To help lure the National Football League (NFL) franchise the Raiders from […]
Industry
November 27, 2020
Nevada’s October Gaming Down 19.5% YOY, Betting Soars
Nevada’s gaming revenue was still down 19.5% year-over-year in October, but it posted better results than September 2020. Meanwhile, sports betting handle has been beating all expectations. Nevada Posts Decline in Gaming, Improves MOM The State of Nevada has posted a moribund October with gaming revenues shrinking down by 19.5% year-over-year, but the Silver State […]
Business
November 25, 2020
Bankruptcy Court Approves the Las Vegas Monorail Sale
The sale of the Las Vegas Monorail to the Las Vegas Convention and Visitors Authority (LVCVA) was approved by a judge Tuesday, enabling the tourism authority to acquire the elevated transit system. LVCVA Approved the Monorail Purchase In September, the LVCVA approved the $24.26 million purchase of the 3.9-mile train system from the not-for-profit Las […]
Business
November 23, 2020
California COVID-19 Restrictions May Impact Las Vegas Recovery
The recovery of the gambling capital of the world – Las Vegas may be impacted by the recently enhanced measures in neighboring California. After observing spikes of positive COVID-19 cases, California rolled out enhanced measures last week aiming at reducing the spread of the virus. California Rolls Out New Restrictions Following Surges of COVID-19 Cases […]
Casino
November 23, 2020
Las Vegas Casinos Go Down to 25% Capacity for Three Weeks
Further restrictions for casinos in Nevada are entering from Tuesday after Gov. Steve Sisolak announced a three-week statewide pause in a late Sunday virtual press conference. Casinos will have to limit their capacity to 25% due to the spike in the daily number of new coronavirus cases. Rising New Daily Virus Cases Having daily number […]
Casino
November 21, 2020
Smoke-Free Policy May Help Avoid Second Casino Closures
Going smoke-free may be the alternative solution for the casino industry to avoid a second lockdown, a letter sent to Nevada Gov. Steve Sisolak Thursday outlined, ahead of his decision how the state would move further with regards to the spike in the new daily coronavirus cases. Smoke-Free Indoor Casino Policy For a second time […]