Las Vegas, the entertainment capital of the world, is known for its glitz and glamour, with its numerous casinos and hotels attracting millions of tourists each year. However, the ongoing pandemic has hit the city hard, with many businesses struggling to stay afloat. One such industry that has been affected is the casino construction industry, with developers halting their projects due to financial constraints.

The construction of a casino is a massive undertaking that requires a significant investment of both time and money. Developers need to secure funding, obtain permits, and hire a team of architects, engineers, and contractors to bring their vision to life. However, with the pandemic causing a significant drop in tourism, many developers are finding it challenging to secure the necessary funding to complete their projects.

One such project that has been affected is the Drew Las Vegas, a 67-story hotel and casino that was set to open in 2022. The project was initially started by the Witkoff Group in partnership with Marriott International, but in 2019, they sold the property to New York-based developer Steve Witkoff and Miami-based investment firm New Valley LLC. However, in August 2020, the developers announced that they were halting construction due to financial constraints caused by the pandemic.

Another project that has been affected is the Resorts World Las Vegas, a $4.3 billion casino and hotel complex that was set to open in 2021. The project is being developed by Genting Group, a Malaysian conglomerate, and was expected to create thousands of jobs and boost the local economy. However, in March 2020, the developers announced that they were halting construction due to the pandemic’s impact on their finances.

The halting of these projects has not only affected the developers but also the local economy. The construction industry is a significant contributor to the Las Vegas economy, providing jobs and boosting local businesses. The halt in construction has led to job losses and a decrease in revenue for local businesses that rely on the construction industry.

In conclusion, the pandemic has had a significant impact on the Las Vegas casino construction industry. Developers are struggling to secure funding and complete their projects due to financial constraints caused by the pandemic. The halting of these projects has not only affected the developers but also the local economy. It remains to be seen when construction will resume and when these projects will be completed. However, one thing is certain – Las Vegas will continue to be a premier destination for entertainment and tourism, and the city will bounce back from this setback.