This week we will get to a new construction update as well as some current renovations. We mentioned that MGM Resorts planned on renovating a portion of the rooms at MGM Grand after the company’s recent earnings call. Some of the rooms in the newly named Studio Tower (former West Wing) will be available in late October. The rest should be completed before the end of the year.
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.
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.
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.