MGM Closes Midweek Hotel Operations For Three Las Vegas Strip CasinosThe Mirage, Mandalay Bay and Park MGM Will Close Its Hotel Monday-Thursday |
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Three MGM-owned Las Vegas Strip properties are ceasing midweek hotel operations.
MGM announced that both Mirage and Mandalay Bay will close their hotel Monday through Thursday, according to a local Fox affiliate. It will go into effect starting Nov. 30.
The move comes shortly after MGM said that it will close Park MGM’s hotel operations. Despite closing the hotel portion of the property, all three casinos will still have gaming 24/7.
With MGM’s latest announcements, there are now five Strip casinos that have reduced operations throughout the week. When Caesars-owned Planet Hollywood reopened in October, the property said made the same move and said that its hotel would only allow reservations Thursday-Sunday.
Wynn Resorts’ Encore Las Vegas is closing its entire operation Monday-Thursday, including the gaming floor.
The continued closures of midweek operations stem from reduced demand for tourism because of the pandemic. The locals can’t support the market on its own and without the ability to hold mass gatherings and conventions, there is little reason for casinos to stay open during the week.
In September, Strip casinos experienced a 40 percent drop in revenue for the third consecutive month and Las Vegas Sands Corp. revealed that it was in talks to sell its pair of Strip properties.
Wynn Resorts CEO Matt Maddox realizes how important conventions and live entertainment is to the Las Vegas market and penned a piece for the Nevada Independent in October, outlining how he thinks new technology could bring back both live shows and conventions relatively soon, and revive the struggling market.
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