With the spread of Coronavirus, Las Vegas casinos get prepared to counter loss!

Published on : Wednesday, March 4, 2020

The casinos in Las Vegas have become quite anxious that the coronavirus wide-spread will hurt their businesses.

 

Worries doubled after the US government stopped travel from China in response of the outbreak. This caused lesser number of tourists coming from Asian countries.

 

MBC News mentions that “Business analysts and gambling experts say it’s largely too soon to tell, though U.S.-based casino companies, including MGM Resorts International, Wynn Resorts Ltd. and Las Vegas Sands Corp., have warned investors in annual reports over the past month that travel restrictions could negatively affect their Las Vegas properties.”

 

About 4% of tourists from abroad arriving at Las Vegas are Chinese locals. The Convention and Visitors Authority explained that visitor and hotel occupancy in general have grown by almost 9% for January in comparison to the same month in 2019.

 

Hotel room rates on the other hand have dropped for March which shows that the probability of numerous cancellations might take place due to the coronavirus.

 

It is worth mentioning that Las Vegas has branched out into mass-market-oriented revenue streams, including world-class nightlife and restaurants. Few businesses are not worried as they are dependent on California tourism, estimated to comprise around 21% of domestic travelers to Las Vegas.

 

Of all viruses, Novel virus is part of a large family which attacks the respiratory system. “About 30% of the common colds that adults experience are actually coronaviruses,” said Karen Duus, an associate professor in microbiology and immunology at Touro University Nevada in Henderson.

 

The World Health Organization  has recently provided their list of dos and don’ts for the general public to lessen exposure and transmission of the virus;

 


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