Some Nevada Casinos Remain Closed Despite Ability to Reopen
Some Nevada casinos have remained closed since the COVID-19 pandemic started despite the ability to reopen.
Nevada was one of the harder hit states when it comes to the COVID-19 pandemic closures. The state relies heavily on the hospitality and entertainment industry to bring in revenues. With casinos, restaurants, shows, and other venues shut down starting in March 2020, the loss of revenues was catastrophic. Casinos began to reopen in July 2020 but at a limited capacity. Some operators chose not to reopen certain facilities for one reason or another and even today, some casinos are still shut down.
For many months, certain casino properties remained closed due to a variety of reasons. Some cater to an older demographic, so it didn’t make sense to reopen. Others felt that there would not be enough traffic in general to justify reopening.
In Southern Nevada, there are casinos that have been shut down for over a year. One such venue is located in the downtown area while others are situated in the Las Vegas Valley. The Main Street Station Casino Brewery Hotel in downtown, operated by Boyd Gaming, is still shut down.
Officials of the casino say that the property should be up and running again sometime this year. Boyd has also neglected to reopen the Eastside Cannery Casino and Hotel. It is located near the operator’s Sam’s Town, which is offering services at this time.
Some of the properties operated by Station Casinos in Las Vegas Valley also remain closed. These facilities include the Fiesta Henderson and Texas Station. The operator does have venues that are open and are running smoothly. Yet another venue, the Palms located off-Strip, is still closed. This casino is now owned by the San Manuel Band of Mission Indians.
Unfortunately for properties, the closures stemming from the COVID-19 pandemic resulted in a permanent closure. The Lakeside Inn and Casino in Stateline was unable to maintain operations due to the pandemic. The operator was unable to recover from the closure and even held an auction to sell items inside the casino to bring in revenues.
Over the past few weeks, casinos in Nevada that are operational have started to see an influx of visitors. The summer months are predicted to be a busy time for operators as consumers start traveling once again. The continued vaccination effort surrounding the COVID-19 pandemic has given people more confidence to travel.
It is unclear as to how quickly the casinos in Nevada will start to see revenues get back to pre-pandemic levels. Operators are somewhat desperate to get back to normal, in order to make up for losses suffered from the full closure as well as lower earnings when operated at a decreased capacity.
A boost should be seen from conferences, as casinos get ready to host major events once again. Restrictions regarding conferences are lifted and already, the Global Gaming Expo is set to be back this fall. Casinos see a lot of consistent traffic with conferences and events. Tens of thousands of people travel to the region to be able to take part in work conferences or special events, spending money on dining, drinks, entertainment, casino gaming, and hotel stays.
With this type of visitor, Las Vegas is unable to see a full recovery period. We shall see over the coming weeks how the city as well as the entire state are affected by summer travel as well as scheduled conferences. Hopefully, the number of visitors will continue to increase so that the industry will be able to bring in much-needed revenues and stay on the path to economic recovery.