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morongo casino covid 19 updateAnalysts are highlighting factors such as vibrancy among mass and premium masThe stadium was forecast to generate .5 million in new local tax dollars for Clark County.Casinos would benefit from increased guests, who would be expected to gamble, eat and drink, shop, and attend shows. As a result, the county is drawing from its reserves to make good on the payment.Clark County Public Communications Director Erik Pappa revealed that .55 million has been withdrawn from the “Reserve 2018A Bond Proceeds Subaccount of the Reserve Account” to cover the shortfall. new wynn casino las vegasFollowing the transaction, the account has a balance of .25 million.[The withdrawal] was expected in light of the decline in tourism to Las Vegas. Las Vegas-based Applied Analysis was hired by the Southern Nevada Tourism Infrastructure Committee (SNTIC) to research how a 65,000-seat domed venue would impact the region.Researchers concluded that the stadium would bring more than 451,000 incremental visitors to Las Vegas each year, and create an annual economic output of 0 million. The Raiders NFL franchise, which now calls Las Vegas and Allegiant Stadium home, is covering the remaining cost.Casinos Paying for Empty StadiumIn 2016, the Nevada Legislature passed legislation that approved the 0.88 percent hotel tax increase on Clark County stays. table games at lodge casino

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