Losses by large companies show pandemic still affects Las Vegas
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Nevada continues to break records for monthly gaming win. Six of the 23 publicly traded companies in Review-Journal's coverage of gaming and tourism-related business suffered losses in the third quarter. Some companies have been struggling since casinos were shut down for 78 days in March 2020. The San Manuel Band of Mission Indians will apply to acquire the Palms from Red Rock Resorts for $650 million. MSG Entertainment Inc. reported its first-quarter 2022 earnings. Brendan Bussmann, director of government affairs for Las Vegas-based Global Market Advisors, says the industry will have to watch out for economic problems affecting other industries.
The Review-Journal is owned by the family of Dr. Miriam Adelson, the majority shareholder of Las Vegas Sands Corp.
