Las Vegas, hit by the COVID-19 pandemic, the world's gambling capital, is on track to slowly recover. While air and ground traffic has yet to increase, local Las Vegas players can help operators stay afloat.
Impact of the pandemic on the world's gambling capital
Nevada is one of the many US states affected by the COVID-19 pandemic. The downtime introduced in March to contain the spread of respiratory disease lasted 78 days and affected the hospitality and casino industries. Accordingly, layoffs and layoffs were announced throughout the summer, although operators were allowed to resume operations on June 4.
In the light reduced air and land traffic Las Vegas help may be a local customer on the way to reconstruction after the devastating blow of the pandemic. Moreover, while strip revenues fell in September, not the Boulder Strip operators.
In an interview Las Vegas Sun on monday this week, Tim Brooks , co-owner of Emerald Island in downtown Henderson, revealed that many local customers visit the casino. He indicated that for now local casinos are buoyant. However, according to Brooks, given that a large number of casino guests work on the Strip, you can observe the "waving effect". " As the Strip goes, then go to small casinos like us ”Emphasized Brooks.
Visitors to Las Vegas are slowly increasing
Focusing on visitor numbers in Las Vegas, it still is a lot to do so that the gambling capital can be rebuilt. According to the report Las Vegas Convention and Visitors Authority (LVCVA) Las Vegas visitor numbers fell by 70.5% in June. In July, the number of visitors reached 1,438,000, which is a slight increase compared to June. However, the year-on-year comparison shows 61% drop in visitor numbers in the month of July.
A gradually increasing number of visitors to Las Vegas has reached in August 1.5 million. According to LVCVA, this figure rose to 1.7 million visitors in September. Undoubtedly, this number has increased due to additional centers that have been re-opened, and the return of more amenities.
Looking at the latest LVCVA report, we can see that in October 1,856,900 people visited Las Vegas. This meant an increase of 9% compared to September. Although each month shows a gradual increase, it is important to mention the number of visitors additional restrictions on COVID-19 may also be impacted in Nevada or neighboring states.
In fact, new COVID-19 restrictions were introduced in neighboring California last week. Given California is right next to Nevada, it is likely that the new restrictions had already had an effect for a drive-to business, which increased the revenues of the Strip.