Hyatt Corporation has just purchased the Dream Hotel Group. Does this acquisition give them some ammunition for MGM on the south end of the Strip?
Vegas News is going to be a bit different this week. I spent most of the past five days on the Vegas Strip. My stay was for fun and work so I visited multiple casinos. When visiting Caesars properties I saw a lot of transformation (“New Caesars”) we’ve been discussing over the past year or so. When going through my weekly news blurbs it looks like I’m not the only one to see what’s happening.
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.
Casino earnings season came to an end with a bang this week. Caesars reported fourth-quarter and full-year earnings for 2020. We all know last year was bad for casinos. You can see that in the release. On the good news side, Vegas Pool Season arrives.
This week is mostly “quick hits” format, with some really awesome news about Plaza Redeveloping. We weren’t surprised when Virgin Hotels Las Vegas pushed its opening date back to January.
This is the week, so many of us have been waiting for. Las Vegas casinos are allowed to reopen. The first wave of openings took place in downtown Las Vegas and around the city just after midnight on June 4. The Vegas Strip casinos waited until sunrise to open their doors. For sure we can say, Vegas Is Back…Kinda.
So, seriously, Las Vegas casinos are really close to opening and an “official” Vegas casino opening announcement. Friday evening, Nevada Governor Steve Sisolak announced he will hold a press conference for Tuesday, May 26 with details about Phase 2 of reopening Nevada.
It’s always strange writing Vegas News when I’m not in Vegas. I spent the weekend in Los Angeles so the bulk of my research happened in a foreign city.
This year my summer break was a week on the Vegas Strip at Harrah’s. Usually, when I visit the Vegas Strip it’s for a meeting or checking out something specific. This Vegas vacation is especially fun because I spend the entire week (mostly) on the Vegas Strip like a tourist without a plan.
We’re going to flip this week’s Vegas News around. The big insidery news from MGM Resorts will be at the end of the post. (Hint: New Vegas)
Advertisement - Privacy and Cookie Policy Disclosure