After months of losses, MGM Resorts sees the light for its Nevada and New York casinos

After months of losses, MGM Resorts sees the light for its Nevada and New York casinos

The iconic casino company has faced massive losses due to continuing closures

MGM Resorts International has been struggling for the past months to make up for all the revenue losses caused by the coronavirus pandemic, and it seems like it is finally starting to see the light. Two more MGM casinos are getting approval to reopen following six months of forced closures, one in New York and another in Nevada. MGM’s harness-racing track and casino in Yonkers, Empire City, is scheduled to reopen on September 21, while Park MGM, located on the Las Vegas Strip, “is expected to reopen within the next 30-45 days,” according to a press release issued by the company.

For now, live racing activities at Empire City will take place with no spectators and the in-property wagering won’t be allowed until further notice. Now that MGM is about to reopen its New York resort, all of its domestic properties are going to be back up and running; the only exception would be the Four Seasons, which has no expected date to return to operations. The Four Seasons is not a gaming hotel, so the fact that it is closed doesn’t really impact the revenue the company gets from gambling. These gambling venues have been closed since spring when the COVID-19 infection rates started to soar.

New York is home to four commercial casinos and eight video-only venues, including Empire City. It was only this past week when New York Governor Andrew Cuomo allowed casinos to reopen after being on hold for almost six months. Some properties opened since the green light was given on September 9, while other venues decided to delay their restart date so the staff could receive proper training and to make sure the venues are in compliance with the directives and protocols announced by the governor.

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