Thousands of workers who are responsible for the 24-hour economy of Las Vegas, which operates day and night, lost their jobs overnight.
But now, with the spread of vaccination, everything is quickly starting to return to pre-pandemic levels.
Leisure travelers are starting to find their way back to Las Vegas, setting the pace for recovery.
Las Vegas' large performance stages and gambling centers opened intermittently in June of last year and began to reopen, 온ë¼ì¸ë°”ë‘‘ì´ and recently, full-scale reopening is taking place.
Most of Las Vegas' quarantine rules have been greatly relaxed over the past few weeks, and many casinos and business establishments are seeing significant sales growth, especially on weekends.
MGM Resorts International, the largest hotel in Las Vegas, set a record for a stay in March. In addition, the number of reservations for the entire year and until next year reached 1.3 million.
MGM chief executive Bill Hornbuckle said the trend continued in April after an influx of guests in March and is expected to continue throughout the summer.
However, MGM and other leisure and casino companies that support the Las Vegas economy, like other American industries, have to overcome the mountain of labor shortage. In addition, just like the airline industry is facing, the disappearance of corporate business trips also poses a challenge that the prospect of recovery of the convention industry, one of the two major industries, is far away.
There are still many hurdles to overcome, but the stock market is responding quickly.
Expectations that the casino and leisure industry will quickly recover their earnings as the pandemic lockdown is lifted, and the expansion of the online casino click here market that has grown rapidly during the pandemic The casino industry is showing a high upward trend in the stock market.
The Standard & Poor's (S&P) 500 Casino and Gambling Sector Index, made up of casino companies, rose about 20% this year, far exceeding the 13% increase in the S&P 500 Index.
Meanwhile, the convention industry, 온ë¼ì¸ë°”ë‘‘ì´ one of the two major industries in Las Vegas, is expected to recover or fail depending on whether the world's largest consumer electronics show, CES, scheduled for January next year, will be successfully held. CES is a large-scale event attracting 180,000 annual visitors, and the January event was canceled due to the pandemic.