Many changes are occurring the Entertainment Capital of the World whether it be further lay-offs, permanent closing of businesses, new casino construction, and mergers.
According to Bailey Schultz with the Las Vegas Review-Journal, employees at the Tropicana, Treasure Island, and Sahara casinos are facing yet another lay-off. This comes after a very long, difficult and uncertain period of more than four months in which thousands of hospitality employees struggled with receiving unemployment benefits. Schultz also said that the employees of M Resort were also sent WARN notices. There is much at stake here in Las Vegas, and steps must be taken immediately to ensure the well-being of our hospitality family.
COVID-19 has caused the permanent closures of many businesses across the Las Vegas Valley. Cafe Sanuki, Not Just Antiques, and a forty year old Las Vegas favorite Ricardo’s are among many businesses that were forced to close.
At the other end of the spectrum, there are two major casino construction projects that are ahead or on schedule to open soon. Resorts World Las Vegas is a $4.3 billion “next generation resort” which will feature 3500 rooms, a 117,000 square feet of gaming, a 350,000 square feet of flexible meeting and banquet space, and a 220,000 square foot pool complex. Resorts World celebrated July 4th by unveiling the 100,000 square foot LED screen featured on the west tower with a fireworks display. It is in fact one of the largest LED screens in the United States. Resorts World Las Vegas is set to open summer of 2021.
Circa Hotel and Casino is also under construction and set to open October 2020 with limited capacity.
According to Richard M. Velotta with the Las Vegas Review-Journal, the New Jersey Gaming Control Board approved Eldorado Resorts Inc. $17.3 billion acquisition of Caesars Entertainment Corp.