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End of a winning streak? Vegas casino operators are predicted to have as little as five months to stay afloat as companies burn up to $14.4M a DAY after Sin City [tr]
UK Daily Mail ^ | March 26, 2020 | Marlene Lething

Posted on 03/26/2020 2:00:16 PM PDT by C19fan

Las Vegas casinos owners may have just five months to stay afloat as they burn through up to $14.4million each a day following orders to close down operations for a month. On Tuesday March 17 Nevada Governor Steve Sisolak ordered a statewide closure of all nonessential businesses for 30 days, including casinos, bars and restaurants, to prevent the spread of COVID-19, turning Sin City into a ghost town. Casinos are now facing the dilemma of keeping workers employed, while grappling with zero income. Some operators have as little as five months before they run out of money, according to Macquarie Research.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Health/Medicine; Society
KEYWORDS: casinos; vegas; virus
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To: Cobra64
Actually I saw how it hit a lot of my close friends and my family.

Gambling can become an addiction and the industry fervently feeds it.

21 posted on 03/26/2020 2:23:52 PM PDT by prophetic (Trump is today's DANIEL. Shut the mouth of lions Lord, let his enemies be the Cat Food instead.)
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To: C19fan

Who in their right mind doesn’t know that the money will flow to the political rulers of LasVegas to reopen all the casinos and associated “industries’ ?


22 posted on 03/26/2020 2:38:44 PM PDT by A strike (" Was that wrong? Should I not have done this? " - Costanza)
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To: prophetic

Amen and Amen!


23 posted on 03/26/2020 2:44:13 PM PDT by ThisLittleLightofMine
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To: prophetic

I like casino gambling. However, when I have less (or no ) discretionary income, I stay away. Is travel any less a waste of money? Art acquisition? PBS?


24 posted on 03/26/2020 2:55:43 PM PDT by steve8714
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To: C19fan

Oh dear, those POOR casino owners. I feel SOOOOO sorry for them.


25 posted on 03/26/2020 2:57:07 PM PDT by cloudmountain
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To: cloudmountain

Me and you both. Casinos are businesses built upon SS money. I don’t know about Vegas, but the local tribal casinos are jammed on the 3rd of every Month.


26 posted on 03/26/2020 4:26:20 PM PDT by Glad2bnuts (“If there are no absolutes by which to judge society, then society is absolute.” Francis Schaeffer)
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To: C19fan

Sissypants also BANNED the use of chloroquine drugs to fight virus in Nevada.

He needs to be recalled NOW.


27 posted on 03/26/2020 4:49:41 PM PDT by ridesthemiles
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To: PGalt

Yep - and way too many here are fine with it all...had a “discussion” with a guy who, if he was old enough at the time, might have been out there chanting “Better Red than dead” as the Cold War was “heating up”...


28 posted on 03/27/2020 2:48:04 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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