2024.07.19
free online slots for ipadBut that segment could be challenged if the pandemic takes a dramatic turn for the worse. casinos won nearly as much money from gamblers last month as they did in July of 2019. JPMorgan 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. online casino welcome bonus casinos won nearly as much money from gamblers last month as they did in July of 2019. That was a record for June. Guests came back in droves to the New Jersey casino town last month, and as a result, land-based gaming revenue returned to pre-pandemic levels. luckyland slots download apk z poker gameshollywood casino kentucky“Slot machines drove July 2021’s revenue increase.”One strong month doesn’t constitute a full-blown recovery,online gambling legal states but it’s a start. “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-l(Image: Getty Images)Each of those names is tethered to the ongoing recovery in Las Vegas, which could be threatened by the delta variant of the coronavirus. paragon casino ice barAnd it was casinos’ old faithful that delivered the strong July 2021 performance.Slots won over 4.6 million from gamblers last month, a nearly six percent gain in July 2019.Slot machine win was the highest for the month of July since 2013, when there were twelve casinos operating,” Plousis told Casino.org. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. bellagio casino rules brian christopher slots plazaroulette wheel payout(Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. 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. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.JPMorgan is bullish on three casino stocks, including Caesars. Operators with strong LVL exposure reported stellar second-quarter results. golden nugget casino online app casino roulette table download |