The world is different as a result of the COVID-19 pandemic, and the US casino business hasn’t escaped unscathed. Las Vegas in particular is being $1, from closures to layoffs, he said “we believe with a (COVID-19) vaccine, the Las Vegas market will see a quick recovery, and our bull case scenario points to 2023 being the break-even year.”
The date sounds very far off, but it’s almost 2021. Capacity limits will keep conventions and large-scale live events on hold for a while. The casino corporations are operating with a new business model. When visitors return the casinos, operators should be leaner and more efficient than ever. In turn, they should be more profitable.
Business in Las Vegas looks scary today, but the future should be bright for casino operators when more visitors are comfortable traveling again.