May 11, 2021 Casino, Land-Based

The Strat latest Las Vegas casino approved for 100% capacity

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The Strat Hotel, Casino & Skypod has been approved to return to 100% capacity, becoming the latest Las Vegas casino to reach that benchmark.

The Strat will be able to lift Covid-19 restrictions in accordance with guidance from the Nevada Gaming Control Board. The NGCB grants casinos 100% capacity upon proof that 80% of their workforce has been vaccinated for the virus.

The Golden Entertainment-operated property will still require masks for workers and guests, Strat Vice President and General Manager Stephen Thayer told the Associated Press.

The Strat joins Wynn Las Vegas, Encore and the Cosmopolitan as the first Las Vegas casinos to return to full capacity since the start of the pandemic.

Located on the very north edge of the Las Vegas Strip, the Strat is best known for its 1,149 feet high observation tower, the tallest in the United States. The top of the tower features amusement rides, sightseeing and a 360-degree restaurant.

The Strat has been owned by Golden Entertainment since October 2017, when the company acquired the casino’s previous owner, American Casino & Entertainment Properties, for $850m.

The Strat’s return to full capacity should be a boon for the Las Vegas-based Golden Entertainment.

Last week the company reported Q1 2021 revenue of $240m, compared to $207m for the first quarter of 2020. Net income for the quarter was $10.6m, up from a net loss of $32.6m the same period a year prior.

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