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Eldorado's CEO seemed to indicate in his second-quarter earnings call that the buffets may never return. Low-limit tables are only profitable when people pack the tables. Key Points. Coronavirus closures have allowed casinos to cut costs in a massive way and reopen in ways that limit expenses and keep unprofitable parts of the business closed. With capacity limits in place, casinos need to make sure their best customers have a place at the table. News Tips Got a confidential news tip? Gaming revenue has been strong, according to people familiar with the matter. Those table games are now posted with higher minimum bets. Skip Navigation. The deal was initially announced in June of last year and will make Eldorado the largest operator of gambling establishments in the U. Even at Wynn Resorts Las Vegas , the company just announced its buffet is reopening as an all-you-can-eat, but full-service, restaurant. Casino operators responded by slashing spending and expenses and are intent on keeping costs low as they reopen. Buffets are a moneypit for the operators. Sign up for free newsletters and get more CNBC delivered to your inbox. All Rights Reserved. Marketing is limited now, targeted mostly to loyal customers who are high spenders. Get this delivered to your inbox, and more info about our products and services. But coronavirus may just provide an excuse not to bring them back. CNBC Newsletters. But its Nevada numbers don't at all mirror the success of its regional casinos. In documents filed with the Securities and Exchange Commission on Monday, Eldorado announced it will offer 18 million shares of common stock. Caesars and Eldorado are moving toward closing their merger at the end of June or early July. Market Data Terms of Use and Disclaimers.{/INSERTKEYS}{/PARAGRAPH} They are labor-intensive and wasteful. That means keeping unprofitable parts of the business closed. Markets Pre-Markets U. We want to hear from you. It has reopened 22 properties nationwide. Caesars showed even more dramatic results. VIDEO Related Tags. Data also provided by. Get In Touch. That's not possible now because of the risk of spreading Covid Entertainment shows and nightclubs use venues that often sit empty. {PARAGRAPH}{INSERTKEYS}Those numbers are likely to improve since Missouri and Iowa, which reopened casinos on June 1, are stronger markets for Eldorado than Louisiana and Mississippi, which began opening in May. Casinos have not been allowed to reopen those amenities anyway, because of the need for social distancing. The casino industry may have been fundamentally changed in the last three months as parts of the economy were forced to shut down to help stop the spread of coronavirus. The companies often subsidize the offerings because traditionally, it was thought to be a big draw for customers.