2024.07.17
free slots with bonusesAnd 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. Operators with strong LVL exposure reported stellar second-quarter results. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. free quick hits slot machine gamesThat’s just 0.07 percent shy from July 2019, when the same casinos won 7.1 million. 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. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. encore casino buffet open island resort and casino check in timeoxford casino numberThat’s an 86 percent year-over-year bonus.All total, New Jersey’s gaming industry reported GGR of more than 0.5 million. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.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. poker casino 300And 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. But that segment could be challenged if the pandemic takes a dramatic turn for the worse. JPMorgan is bullish on three casino stocks, including Caesars. zynga poker account seminole casino sports bettingangel of the winds casino eventsThat was a record for June. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.Still, JPMorgan is bullish on the aforementioned trio.Favorable position in the attractive LVonline slots games real money locals market with RRR converting a high percentage of earning before interest, taxes, depreciation and amortization (EBITDA) to free cash flow (60-70 percent in 2022E-2025E),” said the bank. “Slot machines drove July 2021’s revenue increase.”One strong month doesn’t constitute a full-blown recovery,online slots games real money but it’s a start. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. 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. borgata online casino reviews chukchansi casino grupo firme |