The resort was temporarily closed because of the fire. Much of the damage occurred in the casino, which was charred by the fire. The hotel hallways and stairwells were stained by soot and smoke. Shortly after the fire, some people looted jewelry and blackened money from the resort. State gaming revenues were hurt by the MGM's closure, as the resort was one of the largest tax contributors to the local gaming industry. The county lost an estimated $1.7 million because of the closure, and it was estimated that MGM Grand Hotels could face a $1 billion loss because of the fire.