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MGM to Reopen 5 More Resorts This Summer

By Rich Smith – Jun 10, 2020 at 1:10PM

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Excalibur opens tomorrow, Luxor two weeks from now, and Mandalay Bay, Aria, and Four Seasons in three weeks.

Casino giant MGM Resorts (MGM 7.42%) announced after close of trading yesterday that it plans to reopen several more Las Vegas, Nevada, properties over the next two to three weeks.  

On June 4, MGM reopened four casinos in Las Vegas that had been shuttered during the COVID-19 pandemic: the Bellagio, New York-New York, MGM Grand Las Vegas, and the Signature. Next to reopen will be the Excalibur (tomorrow), followed in short order by the Luxor, Mandalay Bay, Aria, and Four Seasons Las Vegas.

Welcome to Fabulous Las Vegas Nevada sign

Image source: Getty Images.

The Luxor and The Shoppes at Mandalay Bay Place will open their doors to the public at 10 a.m. local time on June 25. One week later, Mandalay Bay proper will reopen, along with Aria and Four Seasons Las Vegas, on July 1. Aria's doors will open at 10 a.m., and Mandalay Bay and Four Seasons an hour later.

The reopenings will come with increased safety measures. Some amenities will be limited. Valet parking, for example, will not be offered just yet, although guests can park their own cars free of charge. Pool areas and fine dining will be open.

Resort employees will undergo regular temperature screenings and will be required to wear masks. Guests will be encouraged to wear masks (provided free of charge) and to maintain proper social distancing, but will not be screened or have their temperatures checked. Stations for washing hands will also be scattered throughout the properties.

Despite the good news, MGM stock is down about 5% in early trading Wednesday.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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