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.
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.
This is the week, so many of us have been waiting for. Las Vegas casinos are allowed to reopen. The first wave of openings took place in downtown Las Vegas and around the city just after midnight on June 4. The Vegas Strip casinos waited until sunrise to open their doors. For sure we can say, Vegas Is Back…Kinda.
Before I get to the “big” Vegas News about the Resorts World plan, I must say this has been a chaotic two-week stretch with friends visiting. So many people I know visit Las Vegas for work and/or pleasure. Being able to catch up with friends and acquaintances so frequently is part of what makes living in Las Vegas so great.