Tom Reeg (Caesars Entertainment) on the industry outlook in Las Vegas (video)
"We are 32% above the same time last year"
Tom Reeg, CEO of Caesars Entertainment, has addressed the reality of the industry in Las Vegas and the consequences of the COVID-19 crisis.
In a statement to CNBC Tom Reeg explained that as restrictions are lowered, business recovers. For this reason, while the numbers of infections continue in the right direction, it is necessary to make the measures more flexible so that it is possible to “offer all the services of our group's businesses”.
Regarding the return of tourism and conventions to Las Vegas, Reeg recalled that just before the start of the pandemic they opened the convention center and that they are prepared to return to those activities.
Speaking of advance reservations and activities for the second half of 2021 and 2022, he assures that the figures they handle are extremely strong. More specifically, he indicates "We are 32% above the same time last year for the second half of this year."
On the other hand, Tom Reeg has highlighted the extraordinary biosecurity protocols implemented by the entire gaming sector and affirms that visitors "not going to have to worry about feeling safe, but it's not going to feel like three years ago yet". largely because the use of masks and social distancing will continue to be necessary.
He also mentioned that they have had a great increase in demand in the occupation, perhaps due to the advance of vaccination, the fatigue of isolation and repressed desires for entertainment in pleasure trips.