A Thursday statement revealed that COVID-19 hit the company hard in the first quarter. Early estimates show MGM’s net revenue dropped 29 percent compared with the same period the previous year.
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Treasure Island is planning to open its doors to guests May 15, despite Gov. Steve Sisolak saying Wednesday that gaming shutdowns will probably be extended.
An early rally on Wall Street suddenly vanished on Thursday, the latest example of how fragile the hopes underpinning the stock market’s monthlong recovery are.
The U.S. Labor Department said 4.4 million more people filed for unemployment benefits last week, after nearly 22 million applied for aid in the previous four weeks.
The resort operator’s numbers reflect the economic damage of the coronavirus pandemic and government-ordered casino shutdowns in Nevada and Macao.
State gaming regulators have issued a memorandum addressing the filing of forms and paperwork that will enable casinos to reopen — but there’s no date for that to occur.
The Herbst family is developing a casino near Creech Air Force Base in Indian Springs that is expected to open in early June.
Operators were unable to assist more than 30 percent of callers on Monday, according to data shared by the unemployment office.
Allegiant Stadium will have no problem fitting in with a city famous for its bright lights.
Even the oil market gained ground. Prices for crude have been turned upside down because of how much extra oil is sloshing around following a collapse in demand.
Many facing the final weeks of their pre-COVID-19-era unemployment insurance are unsure whether the unemployment benefits of the CARES Act apply to them.
MGM Resorts International will be “operating differently” when its properties reopen, according to a Tuesday video from Acting CEO and President Bill Hornbuckle.
With demand for crude oil continuing to dip amid stay-at-home mandates, retail gas prices have also fallen.
Thousands of small-business owners reeling from the aggressive measures taken to halt the spread of the coronavirus may have had their personal information exposed last month.
Luxury and JCK Las Vegas, which had originally been scheduled for late May and early June, had an indefinite postponement date that’s now pushed back to June 2021.