2024.07.12
draftkings casino georgiaBoth Boyd and Red Rock generate significant portions of earnings and revenue from Las Vegas locals (LVLs) — a demographic consisting largely of retirees and staffers from other casinos. Operators with strong LVL exposure reported stellar second-quarter results. It was the fourth consecutive month of growth exceeding 20 percent, compared to the strong results of 2019,” explained James Plousis, chairman of the New Jersey Casino Control Commission.Slots Fuel ReboundWarm weather, no COVID-19-related operating restrictions, and perhaps the return of indoor smoking led to pent-up demand being unleashed on Atlantic City gaming floors. fanduel casino free playIt easily topped the previous mark of 3.7 million.Sportsbooks, which include mobile operations and at the state’s three horse racetracks, kept nearly million of the 8 million wagered. That’s an 86 percent year-over-year bonus.All total, New Jersey’s gaming industry reported GGR of more than 0.5 million. But that segment could be challenged if the pandemic takes a dramatic turn for the worse. gold coast casino directions online casino las vegaspeppermill casino concertsBut brick-and-mortar GGR in June 2021 was down nine percent (.5 million) from June 2019.July 2021 gives plenty of reason for optimism, and that the actual casinos on the shore can return to pre-pandemic market levels even with robust play online.“Atlantic City’s total gaming revenue rose more than 28 percent compared to pre-pandemic July 2019. That’s just 0.07 percent shy from July 2019, when the same casinos won 7.1 million. Operators with strong LVL exposure reported stellar second-quarter results. free slots iguanaIt easily topped the previous mark of 3.7 million.Sportsbooks, which include mobile operations and at the state’s three horse racetracks, kept nearly million of the 8 million wagered. And recent media reports hyping monthly gaming data out of New Jersey have failed to acknowledge that brick-and-mortar play remained substantially down.For instance, in June, Atlantic City casinos won 5 million from land-based operations, iGaming, and sports betting. It easily topped the previous mark of 3.7 million.Sportsbooks, which include mobile operations and at the state’s three horse racetracks, kept nearly million of the 8 million wagered. miami club casino free chip aliante casino careersthunder valley casino facebookBoth Boyd and Red Rock generate significant portions of earnings and revenue from Las Vegas locals (LVLs) — a demographic consisting largely of retirees and staffers from other casinos. The gaming resorts hadn’t come close to matching same-month 2019 revenue since the onset of COVID-19.Internet casinos won 8.6 million — up 35.7 percent from July 2020 — and a new all-time monthly GGR high for interactive gaming. But brick-and-mortar GGR in June 2021 was down nine percent (.5 million) from June 2019.July 2021 gives plenty of reason for optimism, and that the actual casinos on the shore can return to pre-pandemic market levels even with robust play online.“Atlantic City’s total gaming revenue rose more than 28 percent compared to pre-pandemic July 2019. But that segment could be challenged if the pandemic takes a dramatic turn for the worse. “Sustainable top-line growth underpinned by population growth and appealing supply/demand dynamics.”With an influx of cash coming from the 0 million sale of the Palms announced in May, Red Rock has the resources to firm its balance and perhaps buyback shares.“Balance sheet will soon be under-lJPMorgan released a broad look at the gaming industry today, highlighting Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NASDAQ:RRR) as its top three ideas among the casino stocks it rates “overweight.” Caesars’ Bally’s on the Las Vegas Strip, pictured above. black hawk casino in denver brian christopher slots husband |