![]() (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts, Limited (NASDAQ: WYNN) and Caesars Entertainment Corporation (NASDAQ: CZR) are all seeing extreme declines in hotel room rates, BofA analyst Shaun Kelley said in a Friday note.Īs of Friday, Wynn and Las Vegas Sands have all their Strip properties open. Unfortunately, Vegas Strip operators Las Vegas Sands Corp. The reopening of the Las Vegas Strip has gone relatively well for casino operators since resorts began opening back up last week.Įven more properties returned to operations this week, but the latest room rate numbers suggest Vegas still has a long way to go in recovering from its shutdown, according to BofA Securities.Ī limited number of Las Vegas casinos opened back up starting June 4, and initial demand was strong enough for operators to expand those openings ahead of schedule this week. ![]()
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