Nevada casinos turn things around in March with massive revenue gains
By Bob Garcia
The Silver State’s casinos saw gold in March as revenue reached $1.1 billion
Big news is landing in Las Vegas casinos after noticing that their revenues have started to increase as this year has progressed, something that was only fair and necessary after being hit hard with the arrival of the COVID-19 pandemic. Nevada has reported that revenues have shot up 72% to $1.1 billion in March and these numbers are undoubtedly big news, considering that the state’s operations are still down 50%. It seems that as the last few months go by, revenues are gradually increasing, and that gives casinos a lot of hope for long-awaited normalcy.
These reports have made it clear that it is very possible to see Las Vegas casinos and the market returning to profitability once again. Las Vegas strip casinos, which are mostly owned by MGM Resorts International and Caesars Entertainment, have seen a $501.5 million increase in gaming revenues, which represents a 67% jump for the past month. Similarly, local markets have also started to notice green numbers. For example, North Las Vegas was up 17% over the previous year. The Boulder Strip was also up 35% in March.
Because of these inspirational numbers, Sin City has now also launched a new advertising campaign, and this summer is expected to be packed with tourists. Las Vegas has made it clear that it is more than ready to welcome its visitors in the best way to get the experience that is always expected in this place. It is no secret that, due to the pandemic, tourism has been greatly affected, but several signs of life show that this factor has been recovering little by little.