2024.07.17
cache creek casino vacaville caOne gaming analyst says some play might have permanently moved online. The headlines, however, read as peachy for Pennsylvania’s gaming industry. (Image: Shutterstock)Deutsche Bank gaming specialist Carlo Santarelli is troubled that while some states are reporting better than pre-pandemic brick-and-mortar casino revenues, Pennsylvania is not. luckyland slots for iosThe headlines, however, read as peachy for Pennsylvania’s gaming industry. and 30 percent in March, April and May, respectively, supporting the gradual recovery.”Individual Operator NotesSome Strip operators are bullish on convention trends, noting bookings in the second half of 2021 and 2022 look sturdy. Traffic on Pennsylvania casino floors remained light during their reopenings, as made evident in this photo last year of Parx Casino in Philadelponline gambling platformshia. restaurants in the bellagio casino las vegas valley forge casino check in timejamul casino resortCurrently, along with Pennsylvania, only New Jersey, Delaware, West Virginia, and Michigan have iGaming with interactive slot machines and table games. Compared with 2019, gross gaming revenue (GGR) in 2021 at the state’s 14 commercial casinos was down 12 percent in March, up one percent in April, and down three percent in May. Traffic on Pennsylvania casino floors remained light during their reopenings, as made evident in this photo last year of Parx Casino in Philadelponline gambling platformshia. chumba sweeps coins“Said differently, the entertainment dollar lasts twice as long in the iCasino environment.”Deutsche Bank research concluded that land-based casinos in Pennsylvania are spending nine percent less on promos than they did during the same time period in 2019.iGaming Expansion OddsThe potential cannibalization of brick-and-mortar casino gambling caused by online platforms, Santarelli believes, will caution other states in moving to legalize internet gambling. But one analyst is concerned that some of the play has moved online permanently in the wake of the pandemic. “As per our findings here, we also think there is some merit to cannibalization of traditional casino operations, which would thereby lessen the desire of certain casino operators that haven’t had success in iCasino, or aren’t well-positioned to succeed in the vertical, to push for legalizationlive casino gift card soaring eagle casino mt pleasantpeppermill casino winnersSo, where’s the money coming from? Online.iGaming TrendDuring COVID-19, iGaming reasonably flourished, as the state’s land-based casinos were forced to shutter. Connecticut, pending federal approval, is set to become the sixth iGaming state by way of its two tribes. Traffic on Pennsylvania casino floors remained light during their reopenings, as made evident in this photo last year of Parx Casino in Philadelponline gambling platformshia. “We continue to question just online gambling platformshow different the customer is.”Those customers, Santarelli reports, might be smart to stay home to gamble on their computer or smartphone. The Deutsche Bank note says Pennsylvania casinos are spending many more marketing and promotional dollars on their iGaming products than at their brick-and-mortar properties.Though the convenience of a pocket casino is surely a strategic advantage, if you’re a slot customer, it appears the iCasino is actually the value play for your entertainment dollar as well,” Santarelli detailed. So, where’s the money coming from? Online.iGaming TrendDuring COVID-19, iGaming reasonably flourished, as the state’s land-based casinos were forced to shutter. jackson rancheria to black oak casino online casino australia real money easy withdrawal |