In this article, we cover:
- Vegas hotel rates continue to drop
- Pandemic rages on, so do jackpots
- 2020 WSOP draws big attention
We’re starting off this week’s casino news with the latest headlines from Las Vegas. The scenes in Sin City aren’t pretty right now as hotel rooms have dropped about as low as they can go. Hopefully we can get through this pandemic because Las Vegas survives and thrives off of tourism, but they’re just not seeing any these days.
Las Vegas Hotel Room Rates Continue To Drop
Las Vegas is open for business but there isn’t much business to do these days. The lack of tourism, traffic and conferences has left The Strip very quiet. The room rates in Las Vegas have been in trouble lately as many of them have dropped nearly 40 percent. For example, the rooms in the Stratosphere Hotel Casino and Skypod have dipped an astounding 54 percent just last week alone. The price drop reflects just how bad things have gotten as rooms are going for about $29 a night these days.
Dating back to March, the hotel occupancy rate is around 38 percent during the week, which is part of why we’ve seen a number of hotels close midweek operations. The decline in travel has severely hurt the casinos and hotels. Big gatherings aren’t allowed, which impacts pool parties, conventions, business meetings, poker tournaments and even simple gaming. Gov. Steve Sisolak has since attempted to slow down the outbreak of the coronavirus, mandating that all casinos begin operating at 25 percent capacity. While this will help slow down the virus, the side effect is it hurts the gaming revenues. Not everybody is happy after the drop in capacity as Las Vegas Mayor Carolyn Goodman has labeled Sisolak as a “dictator.”
At this point, Vegas – like many other places around the country – is working hard to balance keeping things open and safe, but also preventing the spread of the virus. Nobody has the right answers but at some point, Vegas may be permanently impacted if it’s not fully reopened and once again getting traffic. We’re just not sure what that breaking point is just yet.
Las Vegas Local Collects Huge $278,000 Payday
It’s not all bad news out of Las Vegas. For one lucky local, a visit to the casino resulted in a life-changing payday. While the player has asked to remain anonymous, they were able to cash in for $278,318 while playing video poker. Most of Vegas’ big winners hit it big on the slots, so this was a bit of a change.
This player won the big jackpot while playing the Double Double Bonus Progressive Reversible Royals machine over at Red Rock Casino. They were able to cash in after picking up a sequential royal flush, which usually what triggers the jackpot payday on these machines.
2020 WSOP Main Event Gathers A Ton Of Attention
The first flight of the 2020 WSOP main event has proven to be a great success. The $10,000 buy-in event was able to pick up 246 total entries, which meant that they were able to add an extra $2.4 million to their original prize pool for the event.
As it stands right now, Julian Menhardt is currently in the lead with 534,490 chips. However, he wasn’t the only known name to make it all the way to day two. World Poker Tour Russia winner Anatoly Filatov, bracelet winner Georgios Sotiropoulos and WSOP bracelet winner Daniel Dvoress all were able to advance.