Lots of “layoffs” and temporary closures at MGM and Caesar’s properties per Vital Vegas

Heard Wynn poker room closing Sunday morning. Others probably not far behind.

Wynn poker room and sports book closing for 3 weeks as of Sunday.

Mirage is putting their entire table games department on layoff/on call status effective Monday the 16th. Apparently a couple dozen dealers (out of 200+) with the most seniority are staying on for now but may get rescheduled.

I assume it'll be the same or soon at other properties.

I was going for weekend 1 of march madness but cancelled this morning. Hoping to get back to Vegas in the fall. This too shall pass.

I will remain hopefull for our May 25th arrival... We will give it 8 weeks and see where we are at...

This is my thought as well. It's impossible to time the market and iI wouldn't dissuade anyone from dipping their toes in, but stocks needed a healthy 15 to 20% correction even before coronavirus. Coronavirus changes the whole game though.

I also don't think there needs to be any urgency to jump back in. It's highly unlikely that this thing is resolved quickly or that we breakout to make new highs anytime soon.


The vast majority of industries are going to be hurt by this. We are heading into a global recession. Even companies like Google and Facebook are going to get killed on ad revenue. No clue if that happens next quarter or next year but it will happen.

It's kind of weird how there was a delayed reaction, but I guess it took awhile for everyone to cancel their rooms. Lots available the next two weeks at dirt cheap prices.

Yep they are coming down. People are still hanging on to later trips hopeful that it will still happen.

For March/April this has fallen to $64/nt or even $54/nt on some weekends. Still, after resort fees and taxes that's around $100/nt. On weekdays they have rooms for $10/nt, but again after resort fees that's like $50/nt.

Whether the prices are low or high the resort fees really turn me off from wanting to buy. Funny enough, Caesars literally just raised resort fees for a few hotels earlier this month.

Now I'm seeing more of a mixture of $90 round trip and $180 roundtrip as the cheapest prices. As people continue to cut their trips there should be more of the $90 round trip prices.

tldr: if the covid-19 situation gets worse, and it will given the lack of testing for > 4-weeks, over the next 2-months the economy/stocks are going to feel some serious pain; in particular, underlying the corporate/stock situation, is a lot of debt, of which some $8-$10 trillion are simply junk bonds; this will be the next trigger, an additional level of pain for the u.s. after covid-19; the banks are also exposed to corporate loans of possibly as much as $30-$40 trillion; even while these junk bonds have maturities extending out 2-yrs or more, when these companies have very reduced cash flows during an extended recession, they will get smashed; after the covid-19 black swan runs its course, the junk-bonds trouble ensues, corporations will need more than just stimulus, but federal-bailouts, i.e. taxpayers; this is the result of having such low fed rates for decades; I would have to agree with those posters who are saying the bottom for the market/economy has not been breached;
ironic note: michael milkin the junk bond king just got pardoned by trump;
p.s. trump really wants to bailout the shale oil companies, who are on the brink of bankruptcy due to their loans/junk-bond situations, given oil price < $40;

China will buy up all those companies.

I definitely am interested in buying a bit of Wynn and MGM shares as they get lower and lower

China is more restrictive about allowing its citizen to move money out of China these days and China itself has a tough enough task trying to bail out its own economy and save Chinese companies from bankruptcy.

Just rebooked my trip to 5/20-5/25 (memorial day weekend) anyone have thoughts on if things will be back up by then?

6 months from now will be a nice opportunity to buy a home/condo in Vegas..Economy there is about to start tanking.

The ConExpo (Construction) I was working at the Las Vegas Fairgrounds closed a day early.

Considering what is happening here in Europe even in countries where public healthcare is practically free I can´t see situation in Vegas coming back to business as usual anytime soon.

I was there for two weeks in feb. Had planned on staying through March madness but didn't book a return flight as I wanted to see what how things were going with the virus first.

First time in my life I booked a flight and left on the same day.

Pretty much got ran out of town by two poker players. Both seemed to be very competent, winning players.

One was Euro and didn't ever talk so I know nothing about him. He kept coughing in his hand. A dealer eventually brought him a box of tissue and said something to him. I saw him a couple more times and he was coughing continuously. The day before I left I got seated by him. Played 10 minutes and was so tilted I just left.

The other guy just kept coughing into the air. He owned a restaurant in town, apparently. He talked about how hard it was finding competent staff, all the while just oblivious to the fact that he was continuously spreading germs to everyone in the room.

I guess I saw these guys 6 or 7 times. Just couldn't handle it and bailed.

I have been home for 3 weeks. So far I'm ok, but was somewhat freaked out. Self quarantined myself from some elderly family members to be safe.

It's just sad that even intelligent people can be so oblivious. I'm probably stupid for even making the trip in the first place.

We cancelled our trip for March 25 - March 31. Birthday trip for me, but can't be upset because my life isn't too affected by all of this. I feel so sorry for so many others who are getting sick, losing their jobs, and obviously especially for those who are dying from this -- I can't imagine the horror of being sick and not getting treated I am so fortunate.

I'm coming in for 2 weeks that same day, I am confident it will be business as usual by then.

Why? What will change between now and then? A LOT more people will be sick and dying and your chances of getting sick will be greatly increased if you leave the house.

REALLY hope you’re right though, but many of the same reasons things are closing now are going to be reasons for things to be closed down in 2 months.

Illinois shut down casinos. Wynn shut down sportsbook. MGM shut down nightclubs.

Full Vegas casino shutdowns are short time away.

Indeed. Shoot me a message when you book