Nevada gaming’s gross revenue in the months since Governor Steve Sisolak allowed casinos to reopen in early June suggests gaming operators are still struggling to restore pre-coronavirus numbers. With tourism figures for Las Vegas declining, thanks in large part to the absence of a midweek convention, the Strip casino operator posted a nearly 40 percent year-over-year drop in revenue in September.
The Las Vegas Strip casino has suspended its midweek operations indefinitely to account for the reduced demand for consumers to visit online JoniQQ agents.
Wynn Resorts announced on Tuesday that it will start on Monday, October 19, it will close its Encore Las Vegas casino starting every Monday at noon and reopen the property at 2pm every Thursday. The Wynn poker room, located on Encore, will be relocated to the casino floor of the Wynn near the self-parking garage until 24/7 hours recover.
According to the press release, the new schedule will remain intact “until consumer demand for Las Vegas increases.”
UNLV gaming historian David Schwartz told local CBS affiliates that Wynn’s move makes sense given the situation and that more casinos will likely use this business model until the market recovers.
“With most of the conventions on hiatus, we don’t have much midweek occupancy, so it makes sense to shut down hotels, or even entire resorts for the week,” Schwartz said. “If current conditions continue, we could see more properties doing this.”
Another Las Vegas Strip property, Planet Hollywood, implemented similar measures when it reopened last week. Caesars-owned properties will keep the casino floor open 24/7, but hotel operations will only be available Thursday-Sunday.
Wynn Resorts CEO Matt Maddox wrote an article last week outlining potential plans to bring the big gathering back to Sin City. If the meeting returns, it will lay the groundwork for the Las Vegas gambling market to return to pre-lockdown levels.
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