Caesars, MGM, Las Vegas Strip Get Surprising Good News
After two years of quarantine and quarantine, Americans want to travel. Las Vegas has everything from its casinos to a huge array of entertainment options. New government decision should drive up occupancy rates for Caesars, MGM, Wynn, and the rest of the Las Las Nevada casino/resort operators. i.e. Caesar's Entertainment Inc. Report, Carnival Cruise Line Report and Wynns Resorts Limited Report.
The CDC has dropped its covid testing requirement for international travelers. The new rule goes into effect on June 12. MGM CEO Hornbuckle is grateful to the Biden administration and congressional leaders for their collaboration on this issue. CDC plans to review its decision on covids testing for foreign travelers every 90 days.
Harry Reid International Airport served nearly 549,000 international passengers in the first four months of this year. In April alone, about 200,00 international travelers passed through the airport. Global travelers traditionally flock to Las Vegas for the conventions that were cancelled or held in a hybrid virtual/in-person format during the pandemic.