{"id":136809,"date":"2020-05-26T10:11:50","date_gmt":"2020-05-26T17:11:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=136809"},"modified":"2020-05-26T12:50:43","modified_gmt":"2020-05-26T19:50:43","slug":"las-vegas-casino-hotel-rooms-heavily-discounted-during-reopening","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-casino-hotel-rooms-heavily-discounted-during-reopening\/","title":{"rendered":"Las Vegas Casino Hotel Rooms ‘Heavily Discounted’ During Summer Reopening"},"content":{"rendered":"

Las Vegas casinos are set to reopen Thursday, June 4, and analysts say hotel room rates will be greatly reduced in the months ahead.<\/p>\n

\"Las
Las Vegas will begin reopening June 4, and hotel rooms will likely be available on the cheap. (Image: UPI)<\/figcaption><\/figure>\n

Last week, Nevada Governor Steve Sisolak (D) announced a June 4 target date<\/a> to reopen casinos. All gaming venues across the state have been closed for more than two months.<\/p>\n

The Nevada Gaming Control Board (NGCB) is meeting today to consider necessary health protection measures to assure a safe reopening of the nation’s richest gaming industry. The NGCB will relay its reopening conditions to the governor, who plans to hold a press conference this evening to disclose the terms.<\/p>\n

As for Las Vegas’ nearly 150,000 hotel rooms, more than half are expected to remain unavailable for occupancy during the initial restart.<\/p>\n

Of the major casino operators on the Strip \u2013 MGM Resorts, Caesars Entertainment, Las Vegas Sands, and Wynn Resorts \u2013 Deutsche Bank gaming analyst Carlo Santarelli expects their available number of rooms to be at 40.8 percent. His conclusion is based on each company’s reopening announcements.<\/p>\n

Deals Abound<\/b><\/h2>\n

For those interested and willing to return to Las Vegas, experts say now is the time to book your hotel.<\/p>\n

“While we think the demand uptake could be reasonably sufficient, we expect heavily discounted room rates and a higher mix of casino comps,” Santarelli explained in his note.<\/p>\n

Nightly rates for June 8-10<\/strong><\/p>\n