There are about 276,300 people working in the state’s tourism industry, according to the Nevada Resort Association. Or, at least there were.
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Former Nevada Gaming Commission Chairman Tony Alamo is conflicted on how Nevada should reopen because of his experience as a regulator and a medical doctor.
The company’s website showed no open booking dates until June 1 as of Friday afternoon. As recently as Thursday morning, the company was allowing bookings beginning May 1 for its Las Vegas properties.
“We are following guidelines from health officials and medical experts,” said company spokesman Timothy Carter in a statement.
Caesars Cares will be funded by donations from the company’s executives and board of directors.
Several Nevada banks say they are barely able to keep up with the flood of requests for the Paycheck Protection Program.
Reno-based Eldorado Resorts is changing partners on deals for two casinos and Caesars Entertainment is selling off an Atlantic City property, anticipating a June merger.
The conflict between maintaining a sick employee’s confidentiality and disclosing the infection to other employees is likely to continue as cases grow in Las Vegas companies.
The calm opening to trading in U.S. markets belies what’s been a wild week. From Monday’s astonishing plummet for the oil market to Thursday’s sudden disappearance of a morning stock rally, markets pinballed as the mood swung from fear to hope and back again.
In a prospectus filed Thursday with the SEC, MGM Resorts International said it is improving its liquidity position with $750 million in senior notes due in 2025.
Passenger traffic at McCarran International Airport fell by over 2 million people in March compared to last year.
Citing a commitment the company made in mid-March, Las Vegas Sands CEO Sheldon Adelson has agreed to extend pay and benefits for 9,300 employees through at least May 17.
Local brands for Atlanta-based PulteGroup include Pulte Homes, Del Webb and American West.
A representative for the $4.3 billion hotel-casino project on Thursday announced the new cases of the respiratory disease caused by the novel coronavirus.
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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