Palazzo Resumes Operations Seven Days a Week
In still more positive “Las Vegas is healing” news, Palazzo has ramped back up to operating seven days a week.
The resort previously shut down its hotel tower midweek because of a drop in demand due to the pandemic.
While Palazzo stopped taking room bookings during the slowdown, its casino, restaurants and shops continued to operate.
Let’s be honest, casinos are the most important part of any casino resort, anyway.
Several other Las Vegas hotels have also reopened fully after closing midweek due to lower demand. They include Mirage, Park MGM and Mandalay Bay.
Palazzo and its sister resort, Venetian, were recently sold to Apollo Global and Vici Properties for a cool $6.25 billion.
The sale followed the death of Sheldon Adelson, longtime CEO and chairman of Las Vegas Sands. Adelson died on January 11, 2021 at the age of 87.
While the sale price of Venetian and Palazzo (as well as the Sands Expo convention center) was substantial, and taken by some as a vote of confidence in the future of Las Vegas, the reason these resorts were for sale is Las Vegas Sands decided to bail on Las Vegas.
So, yeah, glass half full, but it doesn’t tell the full story.
We’re pretty sure Sheldon Adelson saw the writing on the wall about an agonizingly slow post-pandemic recovery as well as challenges on the horizon related to supply outpacing demand, especially in the area of meetings and conventions.
Still, we’ll take upbeat news where we can get it, and Palazzo reopening its hotel tower falls squarely into that category.