MGM Resorts announced on Wednesday that Mandalay Bay, Park MGM, and The Mirage resorts are to resume full-week operations from March 3 as the company sees an increased demand in Las Vegas travel.
The three Vegas resorts had previously been forced to begin selective closures mid-week due to the decreased volumes of tourists and travelers venturing to Sin City because of the COVID-19 pandemic.
The city’s tourist and gambling industries were decimated last year by closures and by the reluctance of Americans to travel.
Yet early into 2021, Nevada‘s decreasing COVID-19 case numbers is encouraging visitors back.
MGM’s announcement on Wednesday also came two days after Nevada upped the capacity limits on public gatherings and events to 100 individuals or 35 percent of capacity.
MGM Resorts announced on Wednesday that Mandalay Bay, Park MGM (pictured above), and The Mirage resorts are to resume full-week operations from March 3
Mandalay Bay Resort was among those forced to close mid-week in recent months
The Mirage Hotel & Casino will also return to full-time operations from next month
The capacity limit was also increased to 35 percent for bars and restaurants, gaming floors, gyms, and places of worship.
Indoor malls, museums and galleries have been increased to 50 percent capacity.
As a result, MGM also announced Wednesday that several of its live entertainment shows will return to the stage in February and early March, in accordance to state guidelines.
‘As we begin to see positive signs around the public’s sentiment about traveling, coupled with important progress on the vaccination front and decreasing COVID-19 case numbers, bringing Mandalay Bay, Park MGM and The Mirage back to full-week operations is an important step for us,’ said Bill Hornbuckle, MGM Resorts’ CEO & President.
‘We remain optimistic about Las Vegas’ recovery and our ability to bring employees back to work as business volumes allow us to do so.’
MGM had been allowed to reopen its resorts only after showing the state a ‘seven-point safety plan’ to mitigate spread of the coronavirus.
It includes employee screening and temperature checks, COVID testing for employees, mandatory mask wearing, social distancing policies, contactless check-in for guests, as well as digital menus in its restaurants and bars.
COVID-19 cases in Nevada have been falling for weeks, as pictured in the graph above, and on Monday the state’s positivity rate hit its lowest level since November 12
The city’s tourist and gambling industries were decimated last year by closures and by the reluctance of Americans to travel. Pictured, the closed MGM Grand in March
COVID-19 cases in Nevada have been falling for weeks and on Monday the state’s positivity rate hit its lowest level since November 12.
In mid-December at the height of the peak in Clark Couty, where Las Vegas is located, the seven-day average for new daily cases was 1,998.
As of Wednesday, it had dropped to an average of 128 new cases a day.
The county has had a total of 223,200 cases and 3,696 deaths.
If numbers in the state continue to fall, by March 15, capacity at public gatherings and events will be extended to 250 people or 50 percent capacity.
The capacity at bars and restaurants, gaming floors, gyms and places of worship will also increase to 15 percent.
The ruling on restrictions is scheduled to be handed over from the state to Clark County by May 1 if new cases remain low.
Share prices in MGM Resorts began to climb after the announcement on Wednesday
Shares climbed by 14.51 percent in the past month and 17.71 percent year to day
Share prices in MGM Resorts are now above where they were in February of last year, before the pandemic hit the Unites States, as pictured above
As the announcement was made on Wednesday, shares in MGM Resorts began to climb but still closed down by just .1 percent.
They have been gradually climbing since the start of the year as the vaccine rollout began, national cases began to drop and confidence in travel started to grow.
Shares climbed by 14.51 percent in the past month and 17.71 percent year to day.
Share prices in MGM Resorts are now above where they were in February of last year, before the pandemic hit the Unites States.
They had dropped from more than $30 to as low $7 at the worst of the shutdowns.