2024.07.19
casino games onlineVisitor volumes to Las Vegas have consistently improved in each month this year. However, the prevailing wisdom among market observers is that the three US-based concessionaires — Las Vegas Sands, MGM, and Wynn — will likely have gaming permits renewed, along with their Asia-based rivals, next year.Though that’s down 36 percent from pre-pandemic June 2019, it’s a 39 percent gain on June 2020. miami casino clubThough that’s down 36 percent from pre-pandemic June 2019, it’s a 39 percent gain on June 2020. The number of visitors who traveled to Southern Nevada in June totaled almost 13.5 million people. Bank of America prefers that operator’s stock to Wynn Resorts. free online slots vegas world la roulette casino techniquechukchansi casino pow wow(Image: Las Vegas Review-Journal)In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while paring its rating on Wynn to “neutral” from “buy.” Bank of America is enthusiastic about Caesars’ increasing exposure to the fast-growing iGaming and sports wagering industries.We think CZR can transform (again) into an omni-channel winner, with accelerating online market share. While authorities there are reluctant to implement another casino shutdown, the situation is tenuous. (Image: Las Vegas Review-Journal)In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while paring its rating on Wynn to “neutral” from “buy.” Bank of America is enthusiastic about Caesars’ increasing exposure to the fast-growing iGaming and sports wagering industries.We think CZR can transform (again) into an omni-channel winner, with accelerating online market share. casino kentuckyPrior to the coronavirus pandemic, the world’s largest casino center accounted for 70 percent of the operator’s earnings before interest, taxes, depreciation and amortization (EBITDA).Ongoing visa restrictions and lack of a travel bubble with Hong Kong are among the issues weighing on Macau concessionaires, including Wynn. However, the prevailing wisdom among market observers is that the three US-based concessionaires — Las Vegas Sands, MGM, and Wynn — will likely have gaming permits renewed, along with their Asia-based rivals, next year.New York City’s only casino got a little larger on Friday. 9 casino road marino casino table games for saleonline casino 747That includes the sale of William Hill’s betting shops and the European online gaming business. Visitor volumes to Las Vegas have consistently improved in each month this year. While authorities there are reluctant to implement another casino shutdown, the situation is tenuous. Bank of America is reconfiguring its ratings on casino equities, and it’s moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. The lobby connecting the hotel to the casino is large enough to hold art exhibits and events like musical performances.Genting Americas East President Bob DeSalvio said opening the world-class hotel was a perfect wBut we think this is poised to rise via a large .5B budget ovthunder valley casino lost and founder the next 2.5 years, strong front end partnerships (ESPN, CBS, NFL), and an experienced back end and tech team powered by William Hill, and Total Rewards,” said the bank.Last week, Caesars unveiled the new look of Caesars Sportsbook while saying it plans to spend at least billion over the next couple of years as it looks to catch up to rivals such as FanDuel, DraftKings, and BetMGM.For Caesars, Domestic Is BetterPart of the reason Bank of America is bullish on Caesars is the operator’s heavily domestic footprint, which levers it to strength in regional markets, as well as the ongoing recovery in Las Vegas.While a new mask mandate has come to Nevada, stoking concern about the outlook for convention and meeting business into year-end, Sin City is still recovering from the coronavirus pandemic faster than Macau. liberty online casino no deposit bonus judas priest angel of the winds casino |