Tag: Las Vegas recovery
Las Vegas Recovery Stumbles Over Delta Variant
Things had slowly been getting back to normal in America, and the Las Vegas recovery was pushing forward at a record pace! But then came the COVID Delta variant, and now the situation for Sin City has changed. Casino workers are now required to once again wear masks, but how will this affect travelers to Vegas? Are there more restrictions coming? Where do we go from here? Hello players, and welcome to This Week in Gambling, where we are once again following stories out of Nevada related to Coronavirus. And that is this week’s big story. We’ve been watching the…
Full Las Vegas Recovery by 2023
Even though Sin City is on it’s way back, an American credit rating agency says a full financial Las Vegas recovery should be complete by 2023. Fitch Ratings, one of the “Big Three” credit rating agencies, says that a rebound from the pandemic is happening more quickly than expected, as evidenced by the recent billion dollar month. And indications are that the city will return to “normal” sooner than the previous 2024 forecast. Part of the reason for the increased enthusiasm is the record revenue despite a pretty much absent convention industry. Many believe that business travel will increase dramatically…
The Fast and Strong Las Vegas Recovery
The investment bank and financial services company Morgan Stanley says that the Las Vegas recovery on the backside of this pandemic is coming ‘fast and strong’. The company’s statements come as a part of their recent report on the gaming industry. Analysts for the company recently visited Las Vegas, finding that the market was busy now, even in the middle of the week. They expect that trend to increase as we move into the summer, with the hope of governments easing current restrictions and reopen at 100% by June 1st. The Morgan Stanley report also noted that the market is…
Las Vegas Recovery: The Good, Bad, and Ugly
This week’s gambling news looks at what’s good, bad, and ugly about the Las Vegas recovery efforts after the pandemic. Vaccines are rolling out across America, speculation is that things could return to “normal” as soon as this summer. Hello, players! And welcome to This Week in Gambling! I don’t know about you guys, but I can’t wait for Las Vegas to completely reopen again at 100%! And according to some industry experts, a full Las Vegas recovery could happen within just a few months! This week’s big story has three parts: The good, the bad, and the ugly. First,…