Vegas bets on a comeback
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.