LAS VEGAS (KSNV) — Las Vegas Strip casinos capped 2020 with another drop in gaming revenue, as December's win was down 50% compared to a year ago. Gaming properties statewide had a total win of $683.7 million last month, according to new figures from the Nevada Gaming Control Board. That's... The Las Vegas Strip Is Shutting Down Again (Sort Of) The Las Vegas Strip seemed to be having a relatively remarkable recovery from its spring shutdown compared to gambling locations like Macao and Nevada casinos haven’t yet been forced to shut down, but they’ve been subjected to a new 25% capacity order. The limit was previously 50%. Some are also taking voluntary additional steps, as much to save money as to stem the spread of COVID-19. Las Vegas Casinos May Face Another COVID-19 Closure. November 19th, 2020 By Geoff Morgan. Earlier this week, Nevada Governor Steve Sisolak discussed the COVID-19 crisis, leaving many worried that casinos will be shut down again in the future. In Nevada, the state is suffering a major economic loss, particularly in Las Vegas. If Nevada casinos were to shut down again, said Brendan Bussmann, director of government affairs for Global Market Advisors, it could push the industry to a point it may not be able to recover from. Las Vegas Casinos Face Tighter Capacity Already struggling to rebound from the coronavirus pandemic that shut operations for four months, Las Vegas casinos are now down from the 50% that California's Morongo Casino to trial cashless markers early in 2021; cardrooms plead to be allowed to reopen after latest pandemic shutdown. In the three months ended Sept. 30, Las Vegas Strip gambling revenue was down 39.2%, which is a lot. But that's better than Macao's 93.1% decline, similar to other Asian locations. After a 78-day shutdown, the Vegas casinos reopened at 12:01 a.m. on June 4 with no restrictions on where customers could travel to Nevada from. The Vegas economy is, of course, propelled by out-of-staters, and one casino magnate was so eager to attract tourists that he flew players in on his own dime. Reports have confirmed that The Palazzo Las Vegas has stopped taking reservations and will shut down until at least December 23rd. This move is taking place to “better reflect occupancy patterns.”. The casino at this resort will remain open, yet hotel guests are no longer permitted.
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