Nevada Gambling Formally Suspended

Nevada gambling and betting has been formally put in immediate suspension with Governor Steve Sisolak ordering 30-day closure of the state’s casinos, bars and restaurants. The move was made clear in a strong letter from the Nevada Gaming Control Board that said it would impose temporary suspension of operations by the licensee.

As a result, all gaming devices, consoles, tables, games, and any gaming activity related equipment were shut down with effect from March 17th at 11:59pm. The restriction remains in place for 30 days, subject to further notice, from the time and date it became effective.

The Board has released a policy circular for casino openings, changeover, and temporary openings to assist licensees in keeping with the industry notice. Together with the Governor’s Office and local and state health officials, the Board said it will continue to track COVID-19 spread, and issue further notifications as necessary.

In a speech, Sisolak underscored the logic behind the enforced closures: “My ultimate goal here is to come to gather as Nevadans to save lives. That requires aggressive strategies aimed at mitigating community spread [of the coronavirus].

“Medical professionals have made it abundantly clear that there is no treatment. While a vaccine is being developed, we don’t have time to waste. At this time, we must act aggressively and decisively to protect ourselves, our families and our community.”

Caesars Entertainment Corporation was one of the latest corporations to confirm closures with the announcement that it would temporarily shut down its owned assets in North America, compliant with orders from different government bodies.

CEO Tony Rodio said: “It has become clear that we must take this extreme action to help contain the virus and protect the safety and well-being of our team members and guests.”

The firm said it is working across its network to ensure a smooth closing process and looks forward to welcoming back team members and guests as soon as possible.

“Caesars recognises the disruption that these property closures will have on team members and is committed to helping employees manage the impact,” it stated. “Caesars has a strong liquidity position with more than $2.8bn of cash-on-hand. While the company believes its current cash position is more than sufficient to fund its obligations, it is also taking appropriate measures to reduce operating and capital expenses, as necessary.”