Earnings season is upon us and casino corporations are dropping news on a regular basis. Bad rumors about Circa. Plus all the Vegas News and casino scoop for the week!
Let’s start the news with a quick Covid-19 update in Las Vegas before we get to the big news: “Cosmopolitan Sold!” It appears as though the Clark County Covid-19 cases, hospitalizations, and deaths are getting lower. If this trend continues there could be a change in public mask-wearing policy sooner than later.
Only a small COVID-19 update for Las Vegas during this long holiday weekend. There are no major changes to COVID-19 protocols when you visit a casino. You still have to wear a mask inside of casinos unless you’re eating, drinking, or smoking. The larger scoop of the week is that Cosmo Vegas is for sale.
We can’t talk about Las Vegas without starting with a COVID-19 update. (Ya know, before we get to the big news like Chippendales are returning to Vegas!) For the most part, things remain the same for casino guests. You’ll still have to wear a mask while gambling inside a casino unless you’re drinking or smoking. You can still remove the mask while eating too.
This week Caesars Entertainment, MGM Resorts, and Wynn Resorts reported earnings. This provides a lot of insight into Vegas Casino Earnings for 2021. Much like Station Casinos and Boyd Gaming earnings last week, there was a similar theme with the earnings calls. Casino corporations have learned how to effectively operate with a smaller staff and fewer amenities for guests.
Boy, the Covid-related news escalated quickly. Last week, a few Las Vegas casinos were approved to increase capacity to 100% and remove plexiglass. Early this week Caesars, MGM Resorts, and more joined the “100% Club”. That was just the beginning. On Thursday, the CDC updated its mask guidelines. Nevada followed suit allowing businesses to change their policy. Next, Nevada Gaming Control announced that it’s allowing casinos to update their policy.
It is pretty fair to say that Vegas Visitation is jumping. It’s been a while since there’s been a supply and demand problem for visitors in Las Vegas, but here we are. According to the Las Vegas Convention and Visitors Association Executive Summary, visitation in February was up almost 19% from January. That should increase even more when March figures are released.
On Tuesday, I went to a small media gathering at Tuscany for the opening of the new Circa Sports location. Afterward, I saw a couple of friends from Florida for the first time in years. I saw more people in three hours than the entire year to date, and that was just the beginning. Wow, Vegas is packed.
Before we share a huge amount of Vegas Quick Hits and the rumor about Hamilton in Vegas….. We’re going to start Vegas News off a bit differently this week. I received a rare Saturday morning marketing email from a gaming company that I have to share.
The hotel at Circa Resort & Casino opened on December 28. We couldn’t wait to check it out but decided to give the staff a week to work out the kinks before spending the night. We are excited to share our hotel review and thoughts about Circa Vegas.
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