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.
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.
For a few weeks, it looked as though there wouldn’t be much Vegas news to share. Well, that concern is over. There should be lots of news now that Las Vegas has a “roadmap to recovery.” This is a multi-tiered plan to reopen the entire state. There’s one important thing to know before you read this plan – there is no opening date for casinos yet.
We’re a week removed from the Kentucky Derby and Cinco De Mayo weekend in Las Vegas. I didn’t think I’d feel this way but Derby Day felt incomplete without a big fight. I haven’t been a boxing fan for a few years but the excitement a big fight brings to Las Vegas is unmatched. Boxing also brings in the biggest customers according to MGM Resorts.
There’s no way to sugar coat MGM Resorts first quarter earnings. I opened the quarterly MGM Resorts earnings presentation as soon as I woke up and saw a slew of red down arrows. After a cup of coffee and actually spending time reading the why there were red arrows it’s easy to see that MGM Resorts just had a bad quarter.