Mar 19, 2021 - Economy

Vegas bets on a comeback

Axios

An aerial view shows the lake in front of the Bellagio in Vegas. Photo: Ethan Miller/Getty Images

A gambler's optimism is driving a reopening burst in Vegas, with the planned return of poolside Bacchanalia and sprawling trade shows, along with Cloroxed slots and socially distanced dining.

The big picture: The city's unemployment is 10.5%, visitor counts were down 55% last year and gambling revenue fell 37%, The Wall Street Journal reports.

But hotel prices are at their lowest in years and signs indicate Americans are ready to travel again.

The Vegas reopening includes:

Earlier this week: Casino capacity went from 35% to 50%.
Early June: "The World of Concrete will be the first major convention to return to Las Vegas."
This summer: "Resorts World, a $4.3 billion megacasino that is the first new resort to be built on the Strip in more than a decade," is expected to open.
September: The Life is Beautiful arts and music festival returns, headlined by Billie Eilish, Green Day, Tame Impala and A$AP Rocky, AP reports.

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Vegas bets on a comeback

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