Vegas casinos ask for government assistance

The U.S. casino industry faces a nervous wait as industry leaders call on the Federal government to provide financial support to stimulate an industry recovery.

Casino industry leaders are seeking tax breaks as they look to break into recovery mode from the pandemic. In March, casinos were forced into a mandatory closure, costing billions in lost tax revenue for states across the U.S.

A sense of optimism is creeping across the casino industry in the U.S. with several casinos re-opening, albeit under heavy social distancing guidelines to slow the spread of COVID-19 across tourism areas.

The casino industry is calling on the government to provide financial aid, with several casinos forced to lay off a significant portion of their staff as tourism and player restrictions continue to slow a recovery. This week the MGM Grand, Park MGM and Tropicana all announced that they would be reducing the size of their staff.