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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 […]
Legal
November 21, 2020
Nevada Judge Dismissed NGCB Authority over Steve Wynn
Attempts by Nevada gaming regulators to find Steve Wynn unsuitable to hold a gaming license were dismissed by a Las Vegas judge, who ruled the former casino mogul was no longer associated with the casino industry. NGCB Has No Authority Clark Country District Judge Adriana Escobar issued a ruling Thursday in favor of arguments brought […]
Casino
November 21, 2020
MGM’s Mandalay Bay and Mirage to Remain Shut Monday-Thursday
MGM Resorts International is experimenting with operational times, cutting mid-week schedule for The Mirage and Mandalay Bay. Mandalay Bay and Mirage Shut-down during Mid-week The Las Vegas Strip is handling the covid-19 outbreak in a piecemeal way. On the one hand, you have Nevada Gov. Steve Sisolak who tested positive for the novel coronavirus and […]
Business
November 20, 2020
Potential Second Shutdown In Nevada As Covid-19 Cases Skyrocket
Nevada Governor Steve Sisolak has announced possible measures against the spread of Covid-19, as the number of positive cases increases in the state. Mitigation Options Considered By Nevada Authorities Nevada currently faces a surge in Covid-19 cases, which prompted Governor Steve Sisolak to announce his administation is considering “all mitigation options” against the spread of […]