Tag: Closed

With Closed Casinos, Nevada’s March Gaming Revenue Suffered Major Drop

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Last week the Nevada Gaming Control Board reported that the amount of money won by Nevada casinos in March fell by almost 40% compared to the same period last year. Gaming revenue for the state was $618 million in March. That’s a decrease of 39.57% from March of 2019 when casinos won $1.022 billion.

The reason for the huge decrease in gaming revenue for Nevada is the closure of all casinos in the state on March 17 to help slow the spread of coronavirus.

Different drops for different regions

Nevada casinos in different parts of the state have different customers. In fact, even casinos in the Las Vegas area have different gambling guests. The Vegas Strip is dominated by high rollers and large casino corporations. Downtown Las Vegas and the suburban casinos cater to different tourists and local residents.

Not only are there different casino operators but the guests play varying games and have varying budgets. Casinos on the Vegas Strip won $299.9 million from gaming customers in March. That’s a decrease of 45.67% from last year.

Meanwhile, casinos in downtown Las Vegas weren’t hit as hard on a percentage basis. These casinos won $43 million. That’s only a decrease of 25.92% from the previous year.

Nevada sports betting demolished

The amount of money won by Nevada sportsbooks was crushed before casinos were even closed. The NBA suspended its season five days before casinos were told to close their doors. Other major sports, including the NCAA basketball tournament (AKA March Madness), followed the NBA’s lead.

March is chock full of college basketball games for bettors. Between the large volume of college basketball conference tournament games and the 63 games (plus play-in games) during March Madness, Nevada sportsbooks lost one of the largest cash generators of the year. For comparison, the entire NCAA basketball tournament typically sees as much money wagered as the Super Bowl.

Nevada sportsbooks saw a massive 76.3% decrease in its sports betting handle compared to last March. This was the lowest monthly handle for Nevada since 1993. March Madness typically draws less experienced sports bettors which means that sportsbooks typically win more of the wagers placed.

Without March Madness, Nevada sportsbooks only won $1.5 million from $141 million wagered in March. This is a 95.5% drop from a year ago.

April gaming revenue will be much worse

April’s gaming revenue in Nevada will be much worse. While casinos were closed in the middle of March, they’ve remained closed for the entire month of April. Additionally, video poker and slot machines in bars, taverns, supermarkets, and gas stations have also been turned off.

The only gaming revenue in Nevada for the month will come from one of the following sports wagering apps that remained open for the month.

  • BetMGM
  • Caesars
  • Circa Sports
  • William Hill

These four sportsbooks were only available to existing customers. Players must visit a brick and mortar casino to first set up a new sports wagering account. Since casinos were closed, no new accounts could be opened and funded.

Nevada doesn’t have full online casinos like New Jersey or Pennsylvania but it does have an online poker website. WSOP.com was also operational while brick and mortar casinos were closed in April.

Nevada casinos reopening

Nevada casinos won’t reopen on until mid to late May at the earliest. Governor Steve Sisolak says casinos will be able to open again during the third or fourth phase of his reopening plan.

Regardless of the opening date for brick and mortar casinos, the four sportsbook apps will have company. The Westgate SuperBook says the app will be turned on again on May 7.

When casinos do open for business again, don’t expect to see a return to normal business right away. During its first-quarter earnings call, MGM Resorts CEO Bill Hornbuckle said the company would open properties in phases. Bellagio and New York-New York will be MGM Resorts’ first two Las Vegas casinos to reopen. There could be another casino opening depending on demand.

While MGM Resorts doesn’t have a health and safety plan for reopening yet the company will have one in the next two weeks. They say that casino floors will have to be reconfigured to allow proper spacing. This should mean fewer table games and machines will be available right away. As a result, gaming revenue should be lower even after casinos reopen.



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The Latest Updates On Every US Casino Closed Due To Coronavirus

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This is an ongoing story and will be updated regularly 

The uncontrollable spread of COVID-19 has brought the casino industry to a grinding halt. Across the country, properties are beginning to close their doors to casual and experts bettors in an effort to prevent the spread of the coronavirus.

Though many gamblers will turn to horse betting, online casinos and online poker, our staff at PlayUSA wants to keep you up to date with a list of casino properties that have suspended operations in the wake of this global pandemic.

Nevada casinos

State leaders have not exactly called for a full shutdown of Nevada casinos. Rather, Gov. Steve Sisolak provided strong support for “any decision our properties make … whether or not to close.”

Wynn Las Vegas and its attached sister property Encore elected to suspend operations for at least two weeks, beginning March 17 at 6 p.m.

MGM Resorts will also close its nine Vegas casinos on March 17 “until further notice.” Those properties include:

  • MGM Grand
  • Mandalay Bay
  • Luxor
  • Excalibur
  • New-New York
  • Aria and Vdara at CityCenter
  • Park MGM
  • Bellagio
  • The Mirage

For properties remaining open, the Nevada Gaming Control Board on March 16 issued “Restrictions on Operations during COVID-19 Outbreak” to all of the state’s gaming licensees.

The board emphasized that it will enforce the following restrictions, which will remain in place until further notice:

  • There may be no more than three chairs at each table game.
  • Each gaming machine must be cleaned and sanitized at least once every two hours.
  • Patrons may not serve themselves from buffets that remain open. Similarly, employees may not
    serve themselves in employee dining areas.
  • The gaming floor and other public areas of a licensee’s property must operate under the latest
    social distancing guidance from Nevada’s medical advisory team.

For those wishing to stay home, Nevada offers online poker via the World Series of Poker website and WSOP app.

Pennsylvania casinos

As of March 16, the Pennsylvania Gaming Control Board (PGCB) has provided a list of Pennsylvania casino operators that have temporarily closed their doors. (Keep in mind that PA online casinos are fully operational.) The PGCB notes, casinos not on the list remain open but may have restrictions.

This announcement will most likely affect all PA sports betting operations as well. Currently, the four major pillars of sports, NBA, NFL, MLB, and NHL have suspended all play for the foreseeable future. Additionally, the NCAA, NASCAR and several other major sports leagues have all suspended operations for the time being.

Casinos and racetracks closed:

  • Oak Sports and Turf Club
  • Valley Forge Casino Resort
  • Harrah’s Philadelphia Casino
  • Rivers Philadelphia Casino
  • Rivers Pittsburgh Casino
  • Parx Casino
  • South Philadelphia Race and Sportsbook
  • Wind Creek Bethlehem
  • Hollywood Casino at Penn National Race Course
  • Mount Airy Casino Resort
  • Mohegan Sun Pocono
  • Lady Luck Nemacolin
  • Meadows Casino and Racetrack
  • Presque Isle Racetrack and Casino

Online casino and online poker remain up and running in PA and could see higher than normal player traffic. Here is a list of PA Casinos and their online partners:

  • SugarHouse Casino — PlaySugarhouse
  • Hollywood Casino — Hollywood Casino
  • Rivers Casino — BetRivers Casino
  • Valley Forge Casino — FanDuel Casino
  • Mohegan Sun Pocono — Unibet Casino
  • Mount Airy Casino — The Stars Group
  • Parx Casino — GAN (only Android available)

Illinois casinos

The Illinois Gaming Board (IGB) announced Monday, the entire gambling industry must suspend operations for 14 days. This includes all Illinois casinos, all video gaming operations, and all Illinois sports betting. There are 35,483 video gaming terminals in the state operating at 7,307 bars, restaurants and truckstops.

Gov. JB Pritzker also announced all dine-in service will be suspended at all bars and restaurants across the state.

Casinos and racetracks closed:

  • Argosy Casino Alton
  • Casino Queen
  • Harrah’s Joliet Casino & Hotel
  • Grand Victoria Casino
  • Hollywood Casino Aurora
  • Hollywood Casino Joliet
  • Rivers Casino
  • Par-A-Dice Hotel Casino
  • Harrah’s Metropolis Casino & Hotel
  • Jumer’s Casino & Hotel
  • Fairmont Park
  • Hawthorne Casino and Race Course

Louisiana casinos

Effective March 16 at midnight, the shutdown of the Lousiana casino industry will commence. Ronnie Jones, chairman of the Louisiana Gaming Control Board, announced that state police will be working to help implement the shutdown process.

“In an effort to protect the health and wellbeing of [casino] employees and guest, the board is in the process of preparing a formal order directing the closure of the gaming operations at all 20 casinos in the state for a period of 14 days, subject to extension,” Jones said.

Casinos closed:

  • Boomtown Bossier
  • Eldorado Resort
  • Horseshoe
  • Diamond Jacks
  • Sam’s Town
  • Margaritaville
  • Isle Lake Charles
  • L’auberge Lake Charles
  • Golden Nugget Lake Charles
  • Amelia Belle
  • Boomtown New Orleans
  • Treasure Chest
  • Belle of Baton Rouge
  • Hollywood Baton Rouge
  • L’auberge Baton Rouge
  • Harrah’s New Orleans Casino
  • Delta Downs
  • Harrah’s LA Downs
  • Evangeline Downs
  • Fair Grounds

Washington casinos

The state of Washington has seemingly become a hotbed for the virus.

As such, Gov. Jay Inslee issued a prohibition of events featuring more than 250 people, as well as ordering the closure of restaurants, bars, entertainment and recreational activities.

The order itself does not apply to Washington casinos as they reside on tribal land. Many properties are adjusting hours of operation, but only a select few are closing – in their own ways.

For example, 12 Tribes Resort Casino temporarily closed for cleaning “until further notice.”

Meanwhile, Coulee Dam Casino and Mill Bay Casino remain open but will shut its doors twice a week for cleaning.

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