Do you think that the Virus will bankrupt MGM or Wynn?

Quote: Wizard

I've been buying casino stock through this, while the prices are cheap. A year from now this will seem like ancient history.

It's my belief that this epidemic is just a
a little shake that causes the quake.
IF people start defaulting on their
mortgages look out we will all be in
hell, unless your liquid of coarse.

Quote: EvenBob

Not right away but eventually. When they
reopen nobody will be flocking to the
casinos for a long time and most will
have to shut down or scale back
drastically. Vegas is done, I think. It
was on the way out anyway..

Why do you think Vegas was on the way out?

Who knows, maybe they will have to nix 6/5 blackjack for a while

Quote: Ace2

Why do you think Vegas was on the way out?

Vegas is like the old amusement parks, Coney
Island and such. They were huge in the first
50 years of the 20th century, as were travelling
carnivals. TV and panoramic color movies put
them out of business. Cheap entertainment
at home or close to home.
Indian casinos are doing that to Vegas. So Vegas
depends on foreigners to keep them going. But
that's a fickle demographic, all it takes is something
like this to keep them away in droves. I remember
Vegas in the 70's and 80's, very few foreigners.
Now it's all you see on the Strip it seems like. If
Vegas loses them they're doomed. I have no
desire to ever go there again. Why would I.

Gotta get back to business. The economic repercussions and resulting health implications will dwarf everything else. Gotta get back to business. There is a point of no return for many businesses....small and large.

This cannot continue on indefinitely. There is no “safe” return back to normal. The new normal will have risks.

MGM....by selling several properties and paying off $4 billion in debt has enough cash to weather the storm.

Quote: EvenBob

Vegas is like the old amusement parks, Coney
Island and such. They were huge in the first
50 years of the 20th century, as were travelling
carnivals. TV and panoramic color movies put
them out of business. Cheap entertainment
at home or close to home.
Indian casinos are doing that to Vegas. So Vegas
depends on foreigners to keep them going. But
that's a fickle demographic, all it takes is something
like this to keep them away in droves. I remember
Vegas in the 70's and 80's, very few foreigners.
Now it's all you see on the Strip it seems like. If
Vegas loses them they're doomed. I have no
desire to ever go there again. Why would I.

I don’t know. I’ve been to casinos on all inhabited continents, Macau and Monaco included, and there is no place that remotely compares to Vegas IMO. There are some Indian casinos near my home...nice facilities but I rarely go as it’s just not the same atmosphere. And they don’t have Craps.

I don’t see online gaming ever taking out land casinos. Just like we still have movie theaters despite having TV forever and Netflix etc.

Cost of travel is so low these days that nearly anyone can afford a trip to LV. I’m sure that back in the day only the wealthy flew out to Vegas . Time will tell

Once the pandemic is over, I see no reason not to continue with normal behavior which has been fine for years and years. I'll keep getting my flu shot like I usually do, and if there is a covid one, I'll take that as well. I'll be in a crowd, just like I would last year and the year before.

If vegas crowds weren't diminishing before the pandemic, I don't think they will afterward. Unless most casinos are unable to support the kind of packages that bring tourists in, why would people stop coming?

Vegas has been fading. Before the Chinese Coronavirus, California casinos during the week were busier than Vegas on the weekends.

Quote: Keyser

Vegas has been fading. Before the Chinese Coronavirus, California casinos during the week were busier than Vegas on the weekends.

Well, I'm not going to say it can't happen. Sometimes things can last a hundred years or more and finally die out.

Vegas had some crowds, but they're smaller and they're not gambling much.