This Week in Gambling: Las Vegas billion dollar comeback

This week's gambling news finds proof that Las Vegas is on the path to full recovery post-pandemic. Also, the World Series of Poker has begun, and rumors are swirling that The Palms Casino Resort has been sold.

For the first time since February of 2020, the Nevada gaming win has topped $1 billion. This is yet another strong indication that the state is recovering strongly from the pandemic. The Nevada Gaming Control Board reported that gaming in the state raked in a win of $1.066 billion in March, which was up from just over $770 million in February.

Casinos and other gaming establishments in the state should continue to see a strong rebound, as more workers and residents receive vaccinations, and capacity limits and social distancing rules become more relaxed. The state announced plans to raise the maximum capacity limits for entertainment venues and casinos to 80% beginning 1 May. If all goes well then the maximum capacity limit could be eliminated all together, allowing them to fully reopen by June 1st.

Pushing toward a 100% capacity limit by 1 June, about half of Nevada casino workers have now received the Coronavirus vaccine. However, many of the larger resorts are reporting that up to 70% of their employees have been inoculated. The Gaming Control Board, along with requirements from Clark County, says that casinos will be allowed to go to 100% capacity when at least 60% of state residents have received the first dose of the COVID vaccine. Right now, that number stands at just 39%.



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