Coronavirus: Treasure Island Loses COVID-19 Insurance Battle in Nevada Court
Treasure Island has lost its federal lawsuit seeking COVID-19 pandemic compensation from its property insurer. The ruling was made by Judge Cristina Silva in Nevada's U.S. District Court.
Macau's gaming industry continues to show signs of recovery, with casinos generating MOP18.6 billion (US$2.31 billion) in July. The region now features nearly 47,000 hotel rooms as operators diversify beyond gaming.
The World Series of Poker (WSOP) has implemented mandatory COVID-19 vaccination requirements for participants.
Macau's casino industry achieved significant milestones in 2023:
- Total revenue reached $22.7 billion
- December saw strong holiday visitation
- Government projects 33 million visitors in 2024
- Gaming revenue expected to reach 82% of 2019 levels
Key market developments:
- Mass market segment driving recovery
- Casino operators encouraged to increase wages
- Government reports reduction in gaming-related crimes
- Enhanced focus on non-gaming investments
Recent changes in operations:
- Complimentary food and beverage services modified
- Improved transportation links with Hong Kong and Taiwan
- Increased emphasis on mass-market amenities
- Property developments continuing despite previous setbacks
Industry adjustments:
- Melco Resorts acknowledging previous staff reductions were excessive
- Boyd Gaming maintaining Eastside Cannery licenses despite closure
- Harrah's New Orleans proceeding with Caesars rebranding
- Ocean Casino Resort's COVID insurance claim denied
The sector continues to adapt to post-pandemic conditions with a stronger focus on diversification and sustainable growth strategies.