12 major Las Vegas hotel-casinos remain dark indefinitely
Friday 14 de August 2020 / 08:13
2 minutos de lectura
(Las Vegas).- Las Vegas is known for being a city that never sleeps, but a handful of its properties have had their lights turned off for nearly five months.
A total of 12 properties owned by MGM Resorts International, Caesars Entertainment Inc., Red Rock Resorts Inc. and Boyd Gaming Corp. have yet to reopen in Las Vegas, as occupancy rates hover as low as 30 percent on weekdays.
In second-quarter earnings calls, the executives of these companies revealed that the future of the properties remains uncertain.
Texas Station, Fiesta Henderson, Fiesta Rancho, Palms
Red Rock — parent company to Station Casinos — has yet to reopen four Southern Nevada properties: Texas Station, Fiesta Henderson, Fiesta Rancho and the Strip-adjacent Palms.
In an Aug. 4 call with investors, Chief Financial Officer Stephen Cootey said the reopenings hinge on the performance of Red Rock’s open properties and the overall health of the economy.
Chairman and CEO Frank Fertitta III said the company doesn’t know “if or when” it will reopen any of its closed properties, since Red Rock has been able to move revenue from the closed properties to its reopened casinos. “We think it’s too early to make that decision at this time,” he said on the call. “So far, we are very pleased with the results that we have had.”
Categoría:Casino
Tags: Sin tags
País: United States
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