{"id":1609,"date":"2020-09-08T10:00:07","date_gmt":"2020-09-08T10:00:07","guid":{"rendered":"https:\/\/www.casinousa.com\/?p=1609"},"modified":"2020-09-08T10:00:07","modified_gmt":"2020-09-08T10:00:07","slug":"market-analysts-expect-las-vegas-casinos-to-continue-to-struggle-till-2023","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/market-analysts-expect-las-vegas-casinos-to-continue-to-struggle-till-2023","title":{"rendered":"Market Analysts Expect Las Vegas Casinos To Continue To Struggle Till 2023"},"content":{"rendered":"

\"Market analysts and observers evaluating the economic effects of COVID-19 on Las Vegas\u2019 casino industry<\/a> believe that the world-famous Vegas Strip will need at least three years to recover financially. Based on the analysis of Macquarie Securities\u2019 Chad Beynon<\/strong>, the Vegas Strip\u2019s recovery within three years depends on one key factor. <\/p>\n

Beynon stated that the Las Vegas casino industry cannot regain their losses without a vaccine for COVID-19 becoming available to the public. <\/p>\n

Dr. Anthony Fauci<\/strong>, the head of the National Institute of Allergy and Infectious diseases and a chief contributor to the continuing recovery efforts of the US, believes that the earliest possible date for a COVID-19 vaccine is at the tail-end of 2020. <\/p>\n

Currently, the US has to deal with periodic spikes in COVID-19<\/a> positive cases in specific areas and the only answer as of now is to be in lockdown mode.<\/p>\n

Beynon pointed out that the Las Vegas casino industry can only recover in the next three years provided the COVID-19 vaccine is ready before the end of 2020. The three-year timeline offered by Beynon is simply an estimate as to when Las Vegas can break even since the casino shutdowns imposed by the COVID-19 pandemic. <\/p>\n


\nABC News<\/strong><\/p>\n

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