Two of the largest casino operators in the country announced plans for reopening their Las Vegas Strip casinos.
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During an earnings call Tuesday, Caesars Entertainment CEO Tony Rodio announced a plan that the company planned on a phased reopening plan in Las Vegas, while MGM Resorts released a seven-point health and safety plan for the reopening of its Sin City casinos Wednesday morning.
“We are implementing new protocols focused on the well-being of our team members, guests and communities to create environments with high standards of sanitization and physical distancing practices,” said Rodio in a statement. “we are working closely with public health authorities, gaming regulators and infectious disease specialists to design our plan.”
Caesars plans on a gradual reopening in Las Vegas. Rodio noted that when Las Vegas Strip casinos are permitted to open for business, the company will open its flagship Caesars Palace location and of its “value-oriented” properties.
It is following in the footsteps of Station Casinos, who will be keeping four properties closed at the start of the reopening process. It is rumored that MGM will take similar measures.
According to a report from CDC Gaming,Caesars’ reopening process would be “based on demand, and only when permitted by regulators or tribal government.” Rodio did not offer a prediction on when he thought that would be.
Before expanding its reopening process to the rest of the country, Caesars will target its nine Strip properties, three Atlantic City resorts, its two Lake Tahoe properties, as well as its casinos in Council Bluffs, IA.
One of its main competitors in the space, MGM, released a more detailed health and safety plan Wednesday, according to a report from the Las Vegas Review-Journal. If all goes well, MGM Interim CEO Bill Hornbuckle believes that the casinos could be open later this month or in early June at the latest.
“If our counts stay reasonably low and things don’t escalate, we’ll be opening the casinos sometime late this month, first part of June,” said Hornbuckle on NBC’s “Today” show.
Despite Wynn Resorts CEO Matt Maddox pushing for a Memorial Day opening, it looks like June is becoming the more likely consensus as Las Vegas Sands is reportedly eyeing a June opening for the Palazzo and Venetian.
The seven-point plan includes employee screening measures that include daily temperature checks before they are allowed in the property, required masks for all employees and offered to guests free of charge, a six-foot social distancing policy in place that will be guided by signage on the floor, enhanced sanitization techniques, updating the effectiveness of its heating/cooling systems in order to improve the air quality in the casino, implementing protocols for guests who become ill, which include access to medical treatment and a timely cleaning response to areas the guest has been in, as well as touch-free innovations at check-in and check-out.
Many have forecasted tough times for the gaming industry as a whole in the wake of the COVID-19 pandemic, but if things can return to pre-COVID-19 levels somewhat quickly, the industry may not endure much hardship.
Rodio said on the earnings call that despite a 13.6 percent drop in first-quarter revenue, the numbers posted before the shutdown were as good as they have been since 2008.
In April, Caesars furloughed 93 percent of its workforce. MGM took similar action by furloughing 63,000 employees. Both companies have had their Nevada casinos closed since March 18 when Gov. Steve Sisolak declared a state of emergency and forced closures of all “nonessential” businesses.
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The World Series of Poker Circuit finished up at the Caesars Palace in Atlantic City, New Jersey earlier this week and the champion of the $1,500 no-limit hold’em main event is Brian Ali, who took home $139,284 in prize money and a gold ring. The tournament attracted 442 entries and the total prize pool was $633,110.
“This is so exciting for me to win this,” said Ali after his victory at the final table. “I was just thinking about this last night that I could win the same amount of money buying a lottery ticket or something like that. But it would not mean the same at all. This victory is something I really had to earn. I had to beat some really, really tough poker players, not just here but over the past three days. So, I’m flying high right now.” Read on below to see how Ali attained the tournament title.
Here is a look at the chip counts when cards got into the air:
Seat 1: Albert Winchester (Fallas Church, VA) — 1,034,000
Seat 2: Ellis Frazier (Troy, VA) — 956,000
Seat 3: Roland Israelashvili (New York, NY) — 645,000
Seat 4: Brian Ali (Brooklyn, NY) — 1,380,000
Seat 5: Joe Caffrey (Silverton, NJ) — 759,000
Seat 6: Patrick Houchins (Annapolis, MD) — 1,621,000
Seat 7: John Andress (Doylestown, PA) — 808,000
Seat 8: Jerry Van Strydonck (Arlington, VA) — 1,177,000
Seat 9: Jeff Rowland (Indianapolis, IN) — 438,000
The first player to fall was Joe Caffrey in ninth place ($13,168). His Q-10 fell to the A-9 of John Andress on an A-K-9-3-10 board. There was a slight hesitation after the first elimination but then the bustout bonanza was on. Albert Winchester (Eighth place — $16,486), Jerry Van Strydonck (Seventh place — $20,930), and Jeff Rowland (Sixth place — $26,951) all fell in the course of one hour.
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The next hour took things down to heads-up play, with the eliminations of Roland Israelashvili (Fifth place — $35,213), Ellis Frazier (Fourth place — $46,698), and Patrick Houchins (Third place — $62,893) paving the way to a heads-up final that featured Ali with 6 million and Andress, who held 2.8 million.
The final match was by far the toughest at the final table. After a slow period of play where the two finalists felt each other out, Andress picked off a bluff to double up against Ali an hour into play. Ali took back the advantage a short time later, and when the two got their chips into the middle once again that brought things to a conclusion.
On the final hand Ali limped on the button and Andress checked preflop. The flop fell K 6 5 and Andress checked. Ali bet 80,000 and Andress check-raised 210,000. Ali made the call and the turn then fell 8. Andress checked once again and Ali bet 200,000. Andress check-raised all in and Ali made the call. Their cards:
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Andress: K 6
Ali: 7 4
River: 3
Andress was eliminated in second place and he took home $86,071 in prize money. Ali was crowned as the champion of the tournament and in addition to the WSOP Circuit gold ring he took home $139,284 in prize money.
1: Brian Ali — $139,284
2: John Andress — $86,071
3: Patrick Houchins — $62,893
4: Ellis Frazier — $46,698
5: Roland Israelashvili — $35,213
6: Jeff Rowland — $26,951
7: Jerry Van Strydonck — $20,930
8: Albert Winchester — $16,486
9: Joe Caffrey — $13,168