pechanga casino floor layoutThe current downdraft has a different feel than the sell-off in February.”nts on Thursday. (Image: Shutterstock/Casino.org)Land-based casinos still haven’t figured out the millennial, a generation that has far less appetite for traditional slot machines than their parents and grandparents. play borgata online casino(Image: Shutterstock/Casino.org)Land-based casinos still haven’t figured out the millennial, a generation that has far less appetite for traditional slot machines than their parents and grandparents. Whatever the cause, the gaming industry has been one of the worst-performing sectors this year.“We met with management teams from MGM, Caesars … and come away feeling reassured that recent weakness in the stocks is less a reflection of a change, weakening in underlying fundamentals, and more commonly attributed to technicals and interest rates,” JPMorgan analyst Joseph Greff said in a Tuesday note.Investors have paid the price dearly in numerous casino stocks:online casino real money usa paypalMGM Resorts has gone from in January to below , a 30 percent lossLas Vegas Sands has gone from in June to , a 32 percent lossWynn Resorts has gone from 0 in May to 6, a 42 percent lossCaesars Entertainment has gone from in January to , a 35 percent lossCorrection or Chaos? Stock market analysts are scurrying to determine whether the sell-off is simply a Wall Street correction, or an indicator that more trouble is ahead. The oldest members of Generation Z, those born roughly between 1997 and 2016, are just now turning 21-years-old, but brick-and-mortar casinos are already considering the demographic’s characteristicsonline casino real money usa paypal. table games at cherokee casino

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is caesars casino open“This break of a long-term trend line is definitely something worth noting. (Image: Shutterstock/Casino.org)Land-based casinos still haven’t figured out the millennial, a generation that has far less appetite for traditional slot machines than their parents and grandparents. The sell-off has been fueled by the FANG tech stocks, Facebook, Apple, Netflix, and Google, but the overall stock market plunge is impacting various industries including gaming.MGM Resorts and Las Vegas Sands were both down about five percent during the two-day period, while Wynn Resorts dropped 2.3 percent. river spirit casino willie nelsonnts on Thursday. Less than 12 months later, most of those gains have been returned.Blame it on last fall’s Strip shooting, ongoing trade war tensions between the US and China, or rising interest rates. And the general consensus is that slot machines and table games as they’ve been known for decades might not appeal to such a tech-savvy group.Generation Z TraitsAccording to the US Census Bureau, Generation Z represents nearly 26 percent of the living US population, which is more than millennials at 24.5 percent.“Generation Z has arrived, and they’re very different from millennials,” The Center online casino real money usa paypalfor Generational Kinetics CEO Denise Villa said. free online poker no betting

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brian christopher slots instagramCaesars Entertainment, which isn’t invested in Macau and is more reliant on Las Vegas than the other three companies, dove 8.4 percent.Gaming Industry Pullback The gaming industry enjoyed a prosperous 2017 where casino stocks hit record highs. The S&P 500 closed below its 200-day moving average on Thursday, which is a key indicator analysts use in evaluating the health of the market.As I have said multiple times, I start to pay attention when the market cracks its 200-day moving average,” Commonwealth Financial Network Chief Investment Officer Brad McMillan wrote. The sell-off has been fueled by the FANG tech stocks, Facebook, Apple, Netflix, and Google, but the overall stock market plunge is impacting various industries including gaming.MGM Resorts and Las Vegas Sands were both down about five percent during the two-day period, while Wynn Resorts dropped 2.3 percent. The majority of Generation Z individuals aren’t yet of gambling age, but that isn’t stopping the gaming industry from wanting to better learn about their habits. The current downdraft has a different feel than the sell-off in February.”The S&P 500 closed below its 200-day moving average on Thursday, which is a key indicator analysts use in evaluating the health of the market.As I have said multiple times, I start to pay attention when the market cracks its 200-day moving average,” Commonwealth Financial Network Chief Investment Officer Brad McMillan wrote. wynn encore casino las vegas