We’re coming up on casino earnings season. The quarterly earnings calls and reports are useful to learn about Las Vegas casino operators. The reports allow us to look back at the quarter. This quarter will also look back at the entire year of 2002. The calls offer more commentary as the casino operators look to the future.
There aren’t too many news stories this week, so I’ll kick this off with a personal story (hint: Cosmopolitan Vegas). Last week I spent a night at Circa to check out the hotel rooms and Legacy Club. I really enjoyed the day and night at the property. I love spending time in shiny new casinos, so that was a pleasure.
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.
Happy New Year! I hope the holiday season treated you and yours well. You may have noticed we posted a handful of 2021 Las Vegas predictions on New Year’s Day. Many of the topics were speculative based on information I’ve heard from casino operators during their earnings calls. The first topic was not speculation; it was based on real-life events in the news. Coronavirus isn’t going away quickly, and Las Vegas will be slow to recover. Case in point – New Year’s Eve.