The Great Vegas Reopening (TM) is in full swing. Capacity limits and plexiglass are gone at Wynn and Cosmopolitan. Most are quite relieved and happy with the news that plexiglass in Vegas comes down! There should be more casinos to follow. I’m hoping the worst of the coronavirus is behind us. That would mean life for everyone is getting back to normal.
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.
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.
Let’s start the weekly Vegas News roundup with a short story about a big deal. This week Las Vegas Sands (LVS) sold all of its properties (aka “Venetian Sold”) in Sin City. The company is now just “Sands” since it has no more businesses in Las Vegas. The deal happened early in the week so I’m not going to get too deep.