Vegas is out of action for at least another year until there is a vaccine...and even then, many people will choose not to get vaccinated, so there is still a chance the virus will keep on spreading.
You are exactly right.
The problem with Vegas is it turned from really gambling for the majority of its revenue into the resort, club, parking fees, resort fees, entertainment and party revenue rather than what it used to be.
With the majority of the visitors paying out-of-pocket for almost everything and gambling as a sideways entertainment rather than the opposite way around, what it was for years up to I would say around 2,000 Vegas took on a huge expense with everything they provide to bring in the crowds and now they can't bring in the crowds to spend money.
Now with the other venues even where I live in the middle part of the United States table games are routinely up to $5,000 at even the smaller properties and $10,000, $25,000 table limits and greater a hand at the highest majority of the national branded casinos. So for the serious players there's no need to go to Vegas. And they get extremely well comped for what they need as far as a suite, great food, etc., as well there's no other nonsense charges, there's no other travel fees, they don't have to take away from their business or their family to gamble for one or two nights a week and they can play very serious and these other chains have been capitalizing on that extremely well.
And you don't have the crowds that Vegas has and you don't have the problems that Vegas has. As well you don't have the travel problems. One can you gamble very seriously in other parts of the United States now without going to Vegas.
People are realizing that and that alone is going to haunt Vegas for a lot longer than when C19 subsides. You could take that one to the bank.