In The News: Lee Business School
On the low end, Penn National Gaming is burning through $6.4 million daily having just 5.2 months before running out of cash, the report said.
The U.S. convention industry is expected to lose billions of dollars in revenue, as businesses restrict employee travel and governments ban large gatherings in the face of the coronavirus, an industry group said.
Las Vegas Mayor Carolyn Goodman said she is “painfully” aware of the many residents living paycheck to paycheck in the city and is asking Gov. Steve Sisolak to shorten the 30-day shutdown of nonessential businesses.
Cities and states around the country are practicing self-isolation or sheltering in place. Nonessential businesses around the US have closed their doors. Streets are empty nationwide.
Demand for electricity is beginning to weaken in parts of the U.S. hardest hit by the coronavirus and could fall further in coming days as shelter-in-place orders spread, following a path taken by Italy’s industrial region.
Airlines and possibly cruise lines are seen as the most deserving. Hotels are vying for assistance, too.
Airlines and possibly cruise lines are seen as the most deserving. Hotels are vying for assistance, too.
Las Vegas casinos are beginning to shut down in response to the novel coronavirus, with MGM Resorts Properties closing all of its casinos Tuesday, along with the Wynn, Encore and The Cosmopolitan.
Rising fears over the novel coronavirus (COVID-19) throughout the United States and Nevada have brought the concept of a federal mandate for paid sick time off back into the limelight.
The spreading coronavirus has sparked financial shock waves around the globe at breakneck speed, from stock market plunges to waves of canceled events and other closures.
The casino employees are the front line soldiers in the battle to contain any potential transmission of COVID 19. Hotels and casinos are releasing few details about plans if an outbreak takes place in Las Vegas.
As coronavirus concerns continue around the world and in Las Vegas, many small business owners and hospitality industry employees are concerned about its local economic impact.