U.S. based casino operator MGM Resorts has been given the go-ahead by the Nevada Gaming Control Board to return their gaming floors to full pre-pandemic occupancy with no social distancing.
The properties include Bellagio Resort & Casino, ARIA Resort & Casino, MGM Grand Hotel & Casino, Mandalay Bay Resort and Casino, Park MGM, The Mirage Hotel & Casino, New York-New York Hotel & Casino, Luxor Hotel and Casino and Excalibur Hotel & Casino.
“This is yet another major milestone in Las Vegas’ incredible recovery and a testament to the importance of vaccination in the effort to fully reopen our community,” said MGM Resorts CEO & President Bill Hornbuckle. “We will continue working to vaccinate as many people as possible and remain vigilant with health and safety protocols designed to protect our employees, guests and community. This vital work must continue for us to defeat this virus, and MGM Resorts is committed to doing our part to get it done.”
The waiver was granted based on MGM Resorts’ work to vaccinate its workforce and applies only to gaming floors. Current 80 percent occupancy restrictions and three-feet social distancing policies remain in effect outside of the gaming floors, including at restaurants, pools and other non-gaming areas and activities. Additional health and safety protocols will continue, including applicable mask mandates, said the company.
Macau's gross gambling revenue in the week to May 23 was up 12 percent from the prior week, but was still 6 percent lower than April, with the lower end tourism market comprising the majority of arrivals, according to Bernstein Research.
Interblock says it’s still seeing challenging times across Asia, with the ongoing travel restrictions forcing jurisdictions to extract as much value as possible from local markets. The company welcomes the Philippines’ lead in allowing local IRs to begin accepting online bets and says this may be a new area of opportunity.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.