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.
“It’s deja vu all over again,” said one of my favorite baseball players. I never actually saw Yogi Berra play a game but some of his ridiculous and amazing Yogi-isms will always stay with me. Maybe Huey Lewis & The News is more relevant (closer but not really) to 2021. This may be entirely relevant, but we’re going back in time! Don’t worry; after we “go back in time,” we will explore the fabulous Bootlegger Bistro.
Boy, the Covid-related news escalated quickly. Last week, a few Las Vegas casinos were approved to increase capacity to 100% and remove plexiglass. Early this week Caesars, MGM Resorts, and more joined the “100% Club”. That was just the beginning. On Thursday, the CDC updated its mask guidelines. Nevada followed suit allowing businesses to change their policy. Next, Nevada Gaming Control announced that it’s allowing casinos to update their policy.