Connect with us

Business

Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May – Investing.com

Published

 on


2/2

© Reuters. Logos are displayed at Wynn Macau resort in Macau

2/2

By Helen Coster

(Reuters) – Wynn Resorts (NASDAQ:) Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May with extensive safety measures in place, assuming the state is in line with certain benchmarks around the spread of the coronavirus.

In an opinion column https://thenevadaindependent.com/article/a-plan-to-re-open-nevada published on the Nevada Independent news website, Maddox said Governor Steve Sisolak should reopen parts of the local economy in early May.

“Begin with reduced occupancy, physical distancing measures in place, temperature checks and no large gatherings,” Maddox wrote. “We all need to wear a mask.”

He also laid out Wynn’s health and safety guidelines for reopening, which include allowing a maximum of four people to ride in an elevator at one time; and requiring guests to enter the resort through doors that are either propped open, are automated or manually operated by an employee.

Sisolak ordered all casinos and other nonessential businesses in the state to close for 30 days beginning March 18. He extended that order until April 30, and last week said he has no specific date for when nonessential businesses might be allowed to reopen.

The United States has by far the world’s largest number of confirmed coronavirus cases, with more than 730,000 infections and over 39,600 deaths, according to a Reuters tally. In Nevada, there have been at least 3,725 people confirmed to have the coronavirus and 155 deaths.

Wynn Resorts – which owns and operates the Wynn Las Vegas, the Encore Boston Harbor, the Wynn Macau and the Wynn Palace, Cotai – closed its U.S. properties on March 15 and 17.

Wynn’s Macau casinos reopened on Feb. 20 after a mandatory, industry-wide two-week closure. It and other casinos resumed operations with government-mandated restrictions that include temperature checks, fewer open tables on the casino floor, and rules against guests standing or congregating.

While the coronavirus epidemic in China has been momentarily halted, in the United States it is spreading from cities to suburbs and rural areas.

U.S. President Donald Trump, who has been pushing to end state-mandated stay-at-home orders, last week laid out federal government guidelines for states to reopen their economies in a staggered, three-stage approach.

Health experts have warned that to avoid a second wave of infections once people resume activity, extensive testing must be available to track infections, as well as contact tracing and antibody testing.

Wynn is paying all salaried, part-time and hourly North American employees through May 15, which is costing the company approximately $3 million per day or $180 million for two months, according to Maddox.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)



Source link

Business

Ontario reports single new COVID-19 case in Ottawa Tuesday – CTV Edmonton

Published

 on


OTTAWA —
Public Health Ontario is reporting a single new case of COVID-19 in Ottawa Tuesday.

A full, local snapshot from Ottawa Public Health is due this afternoon. Daily case counts from OPH often differ from those provided by Public Health Ontario because the two health agencies pull data for their respective daily snapshot reports at different times of the day.

Across the province, Public Health Ontario added 164 new infections on Tuesday and said one more Ontarian had died due to COVID-19. Another 151 cases are now considered resolved.

There was no formal update on the holiday Monday, but the province released the figures Tuesday, reporting an additional 168 new cases and another new death.

Across eastern Ontario, provincial health officials added five additional cases in the last two days.

COVID-19 VACCINES IN OTTAWA

Ottawa Public Health updates vaccine numbers on Mondays, Wednesdays and Fridays. As of Monday:

  • Ottawa residents with 1 dose (12+): 767,352 
  • Ottawa residents with 2 doses (12+): 661,965 
  • Share of population 12 and older with at least one dose: 83 per cent
  • Share of population 12 and older fully vaccinated: 72 per cent
  • Total doses received in Ottawa*: 1,333,790

**Total doses received does not include doses shipped to pharmacies and primary care clinics, but statistics on Ottawa residents with one or two doses includes anyone with an Ottawa postal code who was vaccinated anywhere in Ontario. 

CASES OF COVID-19 AROUND THE REGION

  • Eastern Ontario Health Unit: One new case Monday, zero new cases Tuesday
  • Hastings Prince Edward Public Health: Zero new cases Monday, two new cases Tuesday
  • Kingston, Frontenac, Lennox & Addington Public Health: One new case Monday, zero new cases Tuesday
  • Leeds, Grenville & Lanark District Health Unit: Zero new cases Monday, one new case Tuesday
  • Renfrew County and District Health Unit: Zero new cases Monday and Tuesday

This story will be updated. CTV News Ottawa will have the latest as it becomes available.

Adblock test (Why?)



Source link

Continue Reading

Business

COVID-19: Ottawa reports seven new cases, fatal cases decline sharply in July – Ottawa Citizen

Published

 on


Vaccinations have slowed considerably in the capital since the peak week in early July when nearly 133,000 doses were administered.

Article content

Ottawa is reporting seven new laboratory-confirmed COVID-19 cases Monday as severe cases, hospitalizations and fatal outcomes continue to sharply decline in Ottawa while vaccination rates gradually climb.

Advertisement

Article content

No deaths have been reported since early July, and there were two COVID-related deaths in the city during the month, while there were 14 deaths in June and 56 deaths in May. There have been 593 COVID-related deaths in the city since the beginning of the pandemic and 27,827 total cases.

There are currently no patients in local hospitals or in intensive care wards. Of Ottawa’s total cases, 27,184 people have now recovered.

There have been 49 cases in the last seven days at a rate of 4.6 cases per 100,000 population. That key indicator has remained relatively flat this week.

The virus reproduction rate, which measures the number of secondary cases generated by each COVID-19 case in the community, has a weekly R(t) value of 1.15. Any number above 1.0 indicates the virus is spreading in the community, while any value below that threshold indicates it is receding.

Advertisement

Article content

The R(t) value was below that threshold during May and June, but has remained above 1.0 since mid-July. There has also been a slight rise in the viral signal in Ottawa’s wastewater over the last seven days, which typically signals a corresponding rise in daily case counts.

Ottawa’s test positivity average is 0.5 per cent for the past week.

Vaccinations have slowed considerably in the capital since the peak week in early July when nearly 133,000 doses were administered. There were 33,212 doses administered in Ottawa last week and 104,906 the week before.

Vaccinations so far in August have followed a similarly slowing pace with 4,277 doses administered on Sunday.

The city continues to outpace the provincial vaccination rate with 1,450,733 doses administered, with 799,882 first doses and 650,851 second doses administered. That represents 83 per cent of the eligible population (12-plus) with one dose and 72 per cent of eligible residents with both doses.

Advertisement

Article content

Public Health Ontario did not release provincial data on the Civic Holiday Monday, and said the compiled data will be available during the regular morning update Tuesday.

There were 154 new cases in Quebec reported in the past 24 hours and no deaths in the province.

There are 61 patients in Quebec hospitals, one more admission since Friday, with 17 patients in ICU.

Another 38,883 vaccine doses were administered in the past 24 hours, and according to Monday’s provincial update, a total of 11,330,968 vaccine doses have been administered in Quebec, representing 74 per cent of the population.

Ontario reported 218 new cases on Sunday and two deaths, and as of the last update, the province had reported 550,654 total cases and 9,347 deaths. There were 78 patients in hospital and another 110 in ICU, with 78 requiring a ventilator.

Advertisement

Article content

COVID-19 BY THE NUMBERS

Ottawa

(Reported Monday)

7: New cases

27,827: Total cases

0: New deaths

593: Total deaths

50: Active cases

0: In hospital

0: In ICU

4.6: Rolling seven-day average of cases per 100,000 people

0.5: Per cent test positivity, previous seven days

1.15: Estimated R(t), seven-day average. A number greater than one indicates the virus is spreading.

Ontario

(Reported Sunday. Due to Civic holiday, Monday’s data will be included in Tuesday’s update.)

218: New confirmed cases

550,654: Total cases

2: New deaths

9,347: Total deaths

78: Currently in hospital

*110: In intensive care

*78: On a ventilator

(*Note: Ontario Public Health statistics of ICU hospitalizations and ventilator cases contain some patients who no longer test positive for COVID-19, but who are being treated for conditions caused by the virus.)

60,583: Daily doses administered

19,519,781: Total doses administered

14,122: Tests conducted in previous 24 hours

1.4: Per cent positivity in cases

1.0: Estimated reproductive number, R(t). A number lower than one indicates the virus is receding.

  1. Place du Portage III in Gatineau will welcome some of the more than 200 volunteers who will be returning to work Tuesday.

    Some federal public service ‘pathfinders’ start returning to Ottawa-area workplaces Tuesday

  2. Composite image by Nicole Feriancek/ Postmedia. Photos L-R: Luis ACOSTA / AFP, Maddie Meyer/Getty Images, JEFF PACHOUD/AFP

    An unofficial ranking of the best and worst face masks at the Tokyo Olympics

Advertisement

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Adblock test (Why?)



Source link

Continue Reading

Business

Russia Boosts July Oil Production As OPEC Allies Pump More – OilPrice.com

Published

 on



Russia Boosts July Oil Production As OPEC+ Allies Pump More | OilPrice.com


Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Related News

Russia oil

Russia saw its oil production rise for the first time in three months in July as OPEC+ continued to ease the production cuts and planned maintenance at some Russian oilfields ended.

Russia’s crude oil and condensate production combined stood at around 10.46 million barrels per day (bpd) in July, up by 0.3 percent from June, according to Bloomberg estimates based on preliminary data from Russia’s Energy Ministry.

In May and June, Russia’s crude and condensate production was lower despite the higher quota the leader of the non-OPEC group in the OPEC+ alliance had. According to the International Energy Agency (IEA), cited by Bloomberg, Russian crude oil production was lower in June because of planned maintenance.

It’s difficult to assess Russia’s compliance with the OPEC+ deal because its energy ministry is not breaking down crude oil and condensate production. Russia has won an exemption not to consider its condensate output as part of the production cut agreement.

As per Bloomberg estimates, if Russia’s condensate production in July was the same as in June, at around 900,000 bpd, then its crude oil production should have been 9.56 million bpd, above its quota of 9.495 million bpd for July. 

Russia’s compliance with the OPEC+ deal will be around 100 percent in July, Deputy Prime Minister and chief oil negotiator, Alexander Novak, told reporters in Moscow on Friday.

Russia can boost its oil production in August by 100,000 bpd, as per the parameters in the OPEC+ deal agreed in July, Novak added.

On July 18, the OPEC+ group decided it would start returning 400,000 bpd to the market every month beginning in August until it unwinds all the 5.8 million bpd cuts.

While Russia saw its oil production inch up by 0.3 percent month over month in July, OPEC’s oil production is estimated to have jumped last month by 610,000 bpd to 26.72 million bpd, the highest since April 2020, the monthly Reuters survey showed.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage



Related posts

Adblock test (Why?)



Source link

Continue Reading

Trending