Las Vegas Sands closes Palazzo hotel tower due to lack of demand
LAS VEGAS – Las Vegas Sands Corp. Temporarily closes the Palazzo hotel tower with immediate effect due to a decrease in occupancy on the Strip.
The change in operations aims to “better reflect occupation models,” according to a spokesperson for the company.
Most of the Palazzo restaurants and bars will remain open, as will the parking lot and Grand Canal Shoppes. The casino will remain open with limited table games.
Reservations will be limited to the company’s Venetian Tower until December 23.
Compensation and benefits will remain in place for employees for the time being, the company said.
In July, Palazzo stopped taking weekday room reservations due to lack of demand.
USA TODAY Network could not immediately reach Las Vegas Sands for comment.
Nevada casinos reopened on June 4 under new restrictions to slow the spread of COVID-19, including reduced occupancy, more space between players, and severely reduced limits for meeting and convention space.
The pandemic has essentially transformed Las Vegas from a global destination into a regional gaming hub dependent on drive-in activity.
“We are in a wounded world here in terms of Las Vegas,” Las Vegas Sands president and chief operating officer Rob Goldstein said on an earnings conference call in July. “I have never felt so gloomy as I do today about what is going on in Las Vegas.”
In November, Nevada Gov. Steve Sisolak bolstered Nevada’s mask mandate among other new restrictions to stem a recent spike in coronavirus cases.