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(Image: KTNV)While the July haul was a year-over-year decline for casinos in the largest domestic gaming market, it was a sequential improvement over the nearly 7 million won in June, in the first month casinos there were open following a nearly three-month shutdown forced by the coronavirus pandemic. cache creek casino jobs On the Las Vegas Strip, gross gaming revenue (GGR) slipped 39. seneca niagara casino in buffalo n.y 19 percent on a year-over-year basis to 0. 08 million. slots 7 casino free chip But that was better than the 61. 4 percent decline in the prior month. Shares of operators with significant Sin City exposure were mixed, according to the NGCB. seven feathers casino entertainment Borgata Casino My Rewards Ylwk Denmark For example, MGM Resorts International (NYSE:MGM), the largest Strip operator, traded modestly lower, while rival Caesars Entertainment (NASDAQ:CZR) surged more than three percent.
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Boyd Gaming (NYSE:BYD), the dominant gaming company in downtown Las Vegas, also traded slightly to the downside. big fish casino iosgods golden palace casino sport bruxelles Still Work to Be DoneWhile the July win is an obvious improvement over the June figure, there are still headwinds facing Nevada’s gaming industry. seven feathers casino fuel prices Notably, weekday occupancy rates on the Strip laborfour winds casino little river band in the low 30 percent area because business and convention traffic hasn’t returned in force. Those rates climb to the 50 percent range on the weekends, and surveys suggest the percentages would be higher if a COVID-19 vaccine was readily accessible. That’s not the case, and it could be well into 2021 before the Food & Drug Administration (FDA) approves treatment for the virus. As of Aug. No Deposit Bonus Casino 2021 South Africa Flgn 25, Nevada collected . 82 million in receipts of the July GGR haul, a 56. admiral casino london
33 percent year-over-year decline. That comes as the Silver State’s economy is grappling mightily with the adverse effects of the pandemic. scarlet pearl casino d iberville ms Unemployment there was 14. 2 percent last month, though that was a 1. 2 percent improvement from June. Eleven Las Vegas area casinos, including several on the Strip, are still shuttered and some will remain that way until at least June 2021. Incremental ImprovementImprovement has to start somewhere and while there is no consensus forecast for Nevada monthly gaming figures, the word is the July figure topped analysts’ individual forecasts. twin river casino hotel booking An imminent test for Nevada operator recovery efforts is coming with the arrival of Labor Day weekend starting Sept.
4, and there are signs gaming companies are expecting increased traffic. With some other US tourist spots still subject to travel restriction, the Nevada Resort Association is forecasting strong visitation to Las Vegas for that holiday weekend. Aside from Labor Day, gaming executives believe a near-term refour winds casino little river bandbound for Sin City will be sped along if drive-in markets, namely Arizona and California, flatten coronavirus curves and see some improvement in their own economies. lucky creek casino deposit bonus codes 2021 Last year, nearly one in five visitors to Vegas hailed from the neighboring Golden State. Work at MSG Sphere has resumed following a temporary delay in April because of a disruption in the project’s supply chain by COVID-19. But some of the construction companies claim they’re not being appropriately paid for their services rendered. Construction has resumed at MSG Sphere, but some contractors claim they haven’t been paid. (Image: KM Cannon/Las Vegas Review-Journal)The Las Vegas Review-Journal reports this week that three liens have been filed against MSG Sphere.
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