The Las Vegas Strip seemed to be having a relatively remarkable recovery from its spring shutdown compared to gambling locations like Macao and Singapore. But the momentum may be shifting now that COVID-19 cases are spiking again and casinos are closing their doors once more, at least during the week. 

MGM Resorts(NYSE:MGM) followed Las Vegas Sands(NYSE:LVS) in announcing that Park MGM will be closed Mondays at noon to Thursdays at noon, primarily because of a lack of business travelers. And this shows that a full recovery in Las Vegas may take longer than hoped. 

I'll start by pointing out that the shutdown taking place in Las Vegas right now is not the same as the one in March. So far, Park MGM and Palazzo have stopped taking weekday reservations and Park MGM will also close its casino. Think of this as a pullback in capacity during the week to meet demand or lack thereof. 

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