Since the last Vegas news, two new casinos have opened in Las Vegas. Fontainebleau is open on the Vegas Strip and Durango Resort is open about 15 minutes west of Mandalay Bay.
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.
The Great Vegas Comeback (™) continued this weekend with action up and down the Vegas Strip. COVID Isn’t Over — COVID-19 rates, hospitalizations, etc. have spiked to the same level as February. I spent a couple of days at the Cosmopolitan this week and it was crazy busy. Even though the casino was busier it seemed like there was a similar proportion of guests wearing masks as the last time I stayed there in May. Once again, masked and unmasked all seemed comfortable and respectful with each other.
Like I mentioned last week, we’re starting to see the light. Las Vegas is very much on the rebound. At this point, it feels as though demand is ramping up faster than businesses can handle. We’ve been slowly detailing this for weeks and months. So, Vegas – get ready to party in July!
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.
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 seems to be a week of Vegas changes and more changes, potentially. We will have to wait and see how several rumors “play out.” There are just a few days remaining in Nevada’s statewide “pause.” This week Governor Steve Sisolak will announce if the same 25% capacity “pause” restrictions will continue.
No major Vegas COVID-19 update again this week. It hasn’t gone anywhere, and casinos remain under the same protocol. Read this if you’re curious about the local bar situation. Layoffs seem like they’re about to hit some non-gaming hotels too. You can always visit the Nevada Independent for Nevada COVID data. Perhaps, our most significant news is that Mirage is ready to open.
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