2024.07.18
island view casino hotelGuests 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. 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. 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. fanduel casino location pluginJPMorgan is bullish on three casino stocks, including Caesars. (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. 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. intertops casino coupons is santa ana casino openfree slot machines casino worldThat’s just 0.07 percent shy from July 2019, when the same casinos won 7.1 million. 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. “Slot machines drove July 2021’s revenue increase.”One strong month doesn’t constitute a full-blown recovery,no deposit bonus casino bitcoin but it’s a start. foxwoods resort casino activitiesJPMorgan is bullish on three casino stocks, including Caesars. 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. 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. kansas star casino woodfire grill is boomtown casino new orleans openblack hawk lodge casino buffet(Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. That’s just 0.07 percent shy from July 2019, when the same casinos won 7.1 million. 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.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. Both 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. casino 21 game harrah s casino concerts |