NAB (National Association of Broadcasters) Show was canceled earlier this week. It will return to Las Vegas next April. The cancellation of the broadcasting expo wasn’t much of a surprise, even if it is considered a “big” Vegas Cancellation. Sony and a couple of other large companies had already pulled out of the expo.
Once again, we’ll start with a quick COVID-19 update since it isn’t going anywhere quickly. Plus it has been a busy July in Las Vegas. Businesses are choosing to give priority to those who are vaccinated against the virus. Last week we told you that the Las Vegas Raiders requiring proof of vaccination for entry to watch games at Allegiant Stadium without a mask. This is a team policy as Allegiant Stadium will allow all guests – vaccinated or not – for other events like the Guns N Roses concert on Friday.
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.
Every week Las Vegas is closer to being the place so many remember. Last week we saw venues already preparing for big crowds and sold-out events. This week Clark County submitted a plan to increase capacity beginning May 1. Nevada Gaming regulators will allow 80% capacity in casinos beginning Saturday. One step at a time, we notice Vegas closer to full capacity.
I see the light! The end of the coronavirus may not be here yet, but I can see the light at the end of the tunnel in Las Vegas. (Also, Vegas is busy!) My monthly visit to Cosmopolitan was fun as usual. Unfortunately, I’ll be surprised if the offers keep rolling in despite my gambling losses and spend on dining and booze.
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.