Business

Las Vegas roars back to life with record US$1.36 bil gambling win

Punters flood back to city of ‘Lost Wages’ after months-long virus lockdown that sees them stuck at home with little to spend money on

Updated 4 years ago · Published on 29 Aug 2021 8:00PM

Las Vegas roars back to life with record US$1.36 bil gambling win
Las Vegas became a ghost town in early 2020 when the Covid-19 pandemic struck, with casinos ordered shut for 78 days, dealing a heavy unemployment blow to the tourism-reliant economy. – Pixabay pic, August 29, 2021

LAS VEGAS – Barely a year after the Las Vegas Strip was shut down by Covid-19, its world-famous casinos have roared back to a record-breaking summer thanks to a remarkable winning streak.

Nevada pocketed an all-time record of US$1.36 billion (RM5.71 billion) last month from gamblers, who are flooding back to the city nicknamed “Lost Wages” after months confined at home with little to spend their money on.

“We weren’t anticipating these types of numbers,” said Michael Lawton, senior analyst at the Nevada Gaming Control Board.

“In Nevada, US$1 billion in gaming win is kind of a bellwether number. And we’ve recorded US$1 billion in gaming win in five consecutive months.”

July was something of a “perfect storm” thanks to the presence of major events including a Conor McGregor fight, a Garth Brooks concert at the gleaming new Allegiant Stadium, and the return of musical residencies such as Usher and Bruno Mars at swanky casino theatres.

The month also had five weekends, including the bonanza Fourth of July holiday.

But the hot streak – and bustling crowds on the Strip – points to a renewed confidence in the safety of piling onto slot machines and roulette tables, even as the Delta Covid-19 variant spreads and Nevada has had to reimpose indoor mask mandates.

“The people who come to Vegas don’t really seem too concerned,” said one barman working on the Strip, who asked not to be named.

“They don’t seem super worried about getting sick or anything. I think if you’re paranoid about getting sick, I don’t think those people travel – they probably stay at home.”

Casino workers told AFP that many of their customers hail from the United States Midwest, Texas and Florida.

“It’s definitely back to pre-pandemic levels,” said Shawn Jones, a promoter at the brand-new Resorts World casino who said last weekend’s pool parties fully sold out.

“Maybe it’s the pent-up energy... if you ain’t able to do something for a while, then there’s a big rush when they are able to get out.”

Las Vegas’ hot streak points to a renewed confidence in the safety of piling onto slot machines and roulette tables, even as the Delta variant spreads and Nevada has had to reimpose indoor mask mandates. – Pixabay pic, August 29, 2021
Las Vegas’ hot streak points to a renewed confidence in the safety of piling onto slot machines and roulette tables, even as the Delta variant spreads and Nevada has had to reimpose indoor mask mandates. – Pixabay pic, August 29, 2021

‘Girls’ trip’

Las Vegas became a ghost town in early 2020, with casinos ordered to close for 78 days, dealing a heavy unemployment blow to the tourism-reliant economy.

Capacity limits remained in place until June, but even by May, the city had broken its long-standing monthly gambling revenue record set before the global financial crisis that began in October 2007, according to Lawton.

Americans’ reluctance to travel abroad during the pandemic appears to have benefited Las Vegas, with domestic tourism surging.

“We had been planning a girls’ trip – we were originally going to go to Greece in 2020, but it was postponed, so this is like a revamp,” said Karen Utsey, a 50-year-old defence contractor from Michigan.

“Right now, I don’t know if I’m comfortable going overseas.”

Total visitor numbers for last month hit 3.3 million, just 10% below the same month in pre-pandemic 2019 despite the relative absence of international travel.

Numbers arriving by car from California have surpassed pre-pandemic levels all summer.

While Lawton expects August gambling figures to track slightly lower than July, the gradual return of trade conventions that make up a huge slice of midweek business offers hope for further growth.

In June, the World of Concrete drew headlines as the first major industry convention to return to Las Vegas, and this week saw events including movie theatre summit CinemaCon, the JCK jewellery show, and Cannabis Conference 2021.

Attendee numbers are expected to be lower than previous years, but both events were scrapped entirely last year at the start of the health crisis, meaning their return to Las Vegas represents progress.

Dean and Amanda Moodie, 37 and 35, respectively, just arriving from Minnesota for the jewellery event, said they have taken outdoor-based vacations around the US during the pandemic, but the Las Vegas trip “is probably our first dabble into things that are mainly indoors”.

“I mean, there’s masks and stuff,” said Dean.

“I’m not too worried about myself personally, anyways. And then, we’re both vaccinated as well.” – AFP, August 29, 2021

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