Barely a year after the Las Vegas Strip was rendered a ghost town due to Covid-19, its world-famous casinos have recorded a billion dollars in winnings for five consecutive months
Nevada pocketed an all-time record $1.36 billion last month from gamblers, who are flooding back to the city, nicknamed"lost wages", after months confined at home with little to spend their money on.
Nevada pocketed an all-time record $1.36 billion last month from gamblers, who are flooding back to the city nicknamed Lost Wages after months confined at home with little to spend their money on. July was something of a "perfect storm," thanks to the presence of major events including a Conor McGregor fight, a Garth Brooks concert at the gleaming new Allegiant Stadium, and the return of musical residencies such as Usher and Bruno Mars at swanky casino theaters.
"Maybe it's the pent up energy... if you ain't able to do something for a while, then there's a big rush when they are able to get out."Las Vegas became a ghost town in early 2020, with casinos ordered to close for 78 days, dealing a heavy unemployment blow to the tourism-reliant economy. Total visitor numbers for July hit 3.3 million, just 10 percent below the same month in pre-pandemic 2019 despite the relative absence of international travel.While Lawton expects August gambling figures to track slightly lower than July, the gradual return of trade conventions that make up a huge slice of mid-week business offers hope for further growth.
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