Weekly Casino News: Macau Revenue Grows, Vegas Strip Grows and More

There is a lot of life in Las Vegas these days. From returning tourists to investing in developers, we've got loads of information on this week's headlines.

The Las Vegas Strip continues to grow with the new corridor

As Las Vegas starts to come to life after COVID-19, it's nice to see them spreading. The Resort Corridor on the Las Vegas Strip has several projects already planned, but it looks like another one will be launched soon. A Las Vegas-based developer plans to add tons of restaurants and retail stores on two acres of land he has bought in the area. These acres of land were purchased from CityCenter for approximately $ 80 million by Flag Luxury.

To pinpoint exactly where the expansion is to take place, the plot is right next to The Shops at Crystals and south of Cosmopolitan. This will be a nice addition to the resort's corridor as the opening of Resorts World Las Vegas is already scheduled for June 24 th . Resorts World is a $ 4.3 billion project and is now an expensive move project that has ever happened on the Strip. Barely surpassing $ 4.1 billion Cosmopolitan.

But that's not all that is happening on the Strip in the coming months. Former NBA basketball player Jackie Robinson and the current developer have made efforts to build a non-gaming hotel and entertainment complex. This site is to be built around 40 acres of empty land in hopes of attracting an NBA team to the area. All in all, there's a lot going on on The Strip.

Macau casinos surpass $ 1 billion in April

April turned out to be a fantastic month for Macau casinos as they were able to pick up 1 $. 24 billion gaming revenue. It ended up being their highest monthly sum for them since the pandemic first began in 2020. This gigantic month gave Macau optimism for the future, although the total GGR value continues to drop 64 percent compared to the April of 2019.

Macau has also seen an increase in visitor numbers recently. The Macao Public Security Police mentioned that they expect around 40,000 people to come daily during the Labor Day celebrations. In March it was reported that 754, 541 people were able to travel to Macau, an average of 31, 340 a day.

Las Vegas Sands CEO Rob Goldstein has backed Macau's optimism. Saying, "We still strongly believe in Macao's recovery as the March figures were very different to January and February."

Goa casinos closed for the weekend as India battles over COVID-19 Pandemic

COVID-27 The pandemic has not been kind to India as it has been really hard to contain it. Hospitals are lacking oxygen, and as the pandemic has spiraled out of control, the government has demanded that all casinos in the Goa District be closed for the time being. These casinos will not be able to re-open earlier this week, but many of them may remain closed if conditions do not improve. Casinos weren't the only ones closed, however, as restaurants, hotels and many entertainment venues were closed for the weekend.

Goa has announced that it saw 2,110 new COVID cases as of Tuesday alone, with 31 patients dying. India set a world record on Saturday with 400,000 cases of the virus. This made their hospitals completely overcrowded with sick patients, resulting in a vaccine shortage as well.

Now they are trying to do their best to slow the spread of COVID - 19, and all Manila casinos are also closed. Hopefully these steps will bring India much-needed recovery.

Back to top button
en_GBEnglish (UK)