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(Las Vegas Review Journal)   Headline: 12 major Vegas hotel-casinos are dark indefinitely. Article: Everything else is open to all brave Americans and hotel-casino operators claim they're currently taking in more money than they're giving out   (reviewjournal.com) divider line
    More: Murica, Station Casinos, second-quarter earnings calls, Boyd Gaming, Red Rock Resorts Inc., handful of its properties, Casinos in Las Vegas, CEO Frank Fertitta III, MGM Resorts International  
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1518 clicks; posted to Business » on 15 Aug 2020 at 5:20 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-08-15 5:27:22 AM  
It appears that the pandemic might be killing Vegas.  What I got from TFA is that casino companies that own properties outside of Vegas are content to let those be the destinations for gambling in an era of much-reduced travel.  It's probably far too expensive to try to operate a destination casino when people aren't going anywhere.

Even before the pandemic, the only remaining draw of Las Vegas was the non-gambling entertainment options.  If people aren't going to those (and they wouldn't, even if they could gamble safely in the casino proper) then there's no point in being open at all in Vegas.
 
2020-08-15 6:15:38 AM  
McCarran Wednesday around 8 pm.

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2020-08-15 7:11:43 AM  
Taking in three fiddy, paying out $2.15?
 
2020-08-15 8:02:53 AM  
Maybe the President could advise on casino management.

Sell them copies of "The Art of the Deal."
Allow children to gamble - they're immune to the virus.
Install slots at Area 51.
Resume above ground nuke testing for evening entertainment.
Put bleach in the Bellagio fountains.
 
2020-08-15 10:46:14 AM  

Garza and the Supermutants: McCarran Wednesday around 8 pm.

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Damn. I remember going there accidentally on NBA all star weekend around that time of night. You couldn't see anything it was so packed with people. That is just spooky
 
2020-08-15 12:10:38 PM  
The casino I work at in Atlanic City had a better july than last year, as far as table games and hotel stays went. The clubs are still closed, and I'm curious what the slots numbers are (those tend to be played by older patrons, while table games are more age diverse.)
 
2020-08-15 12:30:32 PM  

Fukuzawa: The casino I work at in Atlanic City had a better july than last year, as far as table games and hotel stays went. The clubs are still closed, and I'm curious what the slots numbers are (those tend to be played by older patrons, while table games are more age diverse.)


I could see Atlantic City being helped by the stay close to home travel trend.  Vegas really needs those long distance people though.
 
2020-08-15 1:39:59 PM  

12349876: Fukuzawa: The casino I work at in Atlanic City had a better july than last year, as far as table games and hotel stays went. The clubs are still closed, and I'm curious what the slots numbers are (those tend to be played by older patrons, while table games are more age diverse.)

I could see Atlantic City being helped by the stay close to home travel trend.  Vegas really needs those long distance people though.


Yeah. NJ is currently seeing plenty of NY and PA plates, but Vegas is whole other world of "out in the middle of nowhere."
 
2020-08-15 4:15:24 PM  

dryknife: Maybe the President could advise on casino management.

Sell them copies of "The Art of the Deal."
Allow children to gamble - they're immune to the virus.
Install slots at Area 51.
Resume above ground nuke testing for evening entertainment.
Put bleach in the Bellagio fountains.


The fountains probably already have the usual swimming pool chlorine in them. I would hope the water gets changed every now and then too.
 
2020-08-15 4:53:19 PM  

dryknife: Maybe the President could advise on casino management.


I remember reading how Steve Wynn was nervous when the Taj opened in Atlantic City. Shortly after it opened he sent a bunch of his people to check it out. They came back and told him that the management of the Taj had no clue what they were doing. Trump eventually unloaded it for 4 cents on the dollar.
 
2020-08-15 5:49:26 PM  
The Palms has gone downhill fast since opening.  I remember when it opened and all the locals loved it. Then they recruited all of Hollywood there and it went downhill.  Not surprised it is struggling.  Rumors said it basically became a drug den.
 
2020-08-16 12:20:09 AM  
I bought a house there in 2006 for $650,000. Sold it in 2016 for $528,000. It's still not even valued over $600k on the estimate sites. My guess is it won't be for a long time.
 
2020-08-16 1:54:56 AM  

king of vegas: I bought a house there in 2006 for $650,000. Sold it in 2016 for $528,000. It's still not even valued over $600k on the estimate sites. My guess is it won't be for a long time.


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