From “Sin City” to “State-approved Safe Space”, in less than 3 months…
(by Half Dollar) I was early when I asked if Las Vegas could survive a shutdown.
In fact, I asked the question and provided some analysis on this topic on March 3rd, before pretty much anything was shutdown anywhere in the United States.
I also explained what the “best case scenario” would be, which I laid out on March 2nd:
Of course, I was referring to the United States in general, so the things I was speaking about were not exclusive to just Las Vegas (my March 3rd article was), although with what you will see below, my analysis was pretty much spot-on.
It wasn’t until more than two weeks later when Las Vegas in general, and the casinos specifically, shut down at midnight on March 18th.
Fast forward to June 4th, 2020, and the casinos are back open for business.
Here are a couple examples of what the re-opened casinos are like now:
Las Vegas reopens its casino doors with newly enforced safety measures in place, including temperature checks and plexiglass between players at table games. @kaynawhitworth reports. pic.twitter.com/Pe6gJIJnei— Good Morning America (@GMA) June 4, 2020
What do I think?
I think it’s a dead cat bounce for a bygone era (not unlike Roswell, New Mexico, only on a larger scale), in a region that is not suitable for self-sustainable living (i.e. poor land for growing crops, questionable water supply, harsh environment, etc).
Furthermore, all of these new safety measures can only work to increase the cost of a trip to Las Vegas, which is, arguably, now much less fun.
In other words, get ready to pay a whole lot more for a whole lot less.
Can Las Vegas survive in a Covid-19 world?
What if there are more riots?