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Las Vegas Gambles With Turning the Lights Back On

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Las Vegas is reopening for business after being shuttered for nearly three months. The billion-dollar question is who is going to come and throw the dice.

As of 12:01 am Friday, the coronavirus-induced closures that have kept Las Vegas and its hotels and casinos closed will end, with the likes of MGM Resorts (MGM) - Get Report reopening its Bellagio, New York-New York, MGM Grand and The Signature casinos.

Wynn Resorts (WYNN) - Get Report pushed back its planned opening to daylight hours in a nod to ongoing nighttime protests over the death of George Floyd in Minnesota, who was killed under the knee of a police officer. 

Las Vegas Sands (LVS) - Get Report also will open on Friday, while Caesars Entertainment (CZR) - Get Report already reopened Caesars Palace and Flamingo as of Thursday morning Las Vegas time.

For now, most casino operators are keeping wide swaths of their properties closed, with convention halls, nightclubs, swimming pools and other shows and spectacles remaining dark as executives keep a close eye on the progression of the virus - and an equally close eye on the flow of inbound traffic from the skies.

For the latter, analysts do not expect a strong rebound anytime soon, given the city's dependency on mass social gatherings, in particular conventions, concerts and big-ticket shows - all of which rely on a steady stream of passenger air traffic, which most expect will take a much longer time to recover. 

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