The company’s website showed no open booking dates until June 1 as of Friday afternoon. As recently as Thursday morning, the company was allowing bookings beginning May 1 for its Las Vegas properties.
Bailey Schulz
Business reporter
Email: bschulz@reviewjournal.com
Phone: (702) 383-0233
Bailey joined the Las Vegas-Review Journal’s business desk in April 2018. She previously worked with the paper in the summer of 2017 as an intern. Prior to her return, she was an intern on Bloomberg News’ energy team. She grew up in Iowa and graduated from the University of Nebraska-Lincoln with a bachelor of journalism degree in 2017.
Nevada Gov. Steve Sisolak has yet to confirm when casinos will be able to reopen, but operators are already preparing for the day they’ll have to reassure guests their properties are clean and safe amid the virus outbreak.
A Thursday statement revealed that COVID-19 hit the company hard in the first quarter. Early estimates show MGM’s net revenue dropped 29 percent compared with the same period the previous year.
Treasure Island is planning to open its doors to guests May 15, despite Gov. Steve Sisolak saying Wednesday that gaming shutdowns will probably be extended.
Operators were unable to assist more than 30 percent of callers on Monday, according to data shared by the unemployment office.
MGM Resorts International will be “operating differently” when its properties reopen, according to a Tuesday video from Acting CEO and President Bill Hornbuckle.
“As morbid as this is, (the shutdown) has been good for business,” Las Vegas area attorney Michael Cahill said.
The state’s unemployment insurance claims website now allows users to reset their password online any time during the day.
Penn National Gaming’s real estate spinoff, Gaming Leisure Properties Inc., now owns the land under the Tropicana.
South Point is furloughing most of its employees “for an indefinite period.”
Madison Square Garden Entertainment Corp. began trading on the New York Stock Exchange under MSGE on Monday.
Wynn’s Las Vegas resorts will look much different under new guidelines, with the use of thermal cameras and masks worn by all employees.
The casino shutdowns may be the perfect time for operators to re-evaluate the potential in esports — a growing industry that can still generate revenue at a time when millions are told to stay at home.
Las Vegas Sands Corp. is suspending its dividend program amid the COVID-19 pandemic to have “maximum optionality” in producing future returns, according to a statement from Chairman and CEO Sheldon Adelson.
UNITE HERE culinary union has partnered with the United Food and Commercial Workers union to help members find temporary jobs during the COVID-19 crisis.
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