2024.07.20
black bear casino mn(Image: Toru Hanai/Review-Journal/Casino.org)July marks the first month in the third quarter, a three-month period that has Wall Street investors concerned following cautionary guidance from several of the gaming industry’s most important chief executives.Caesars Entertainment CEO Mark Frissora warned shareholders that the company wasn’t increasing its Q3 financial outlook because Sin City had seen some softening in demand due to fewer events. That’s just a 0.2 percent decline on the 8 million statewide haul in July 2017.Nevada Gaming Control Board Senior Research Analyst Michael Lawton told the Las Vegas Review-Journal that lower win rates are the culprit.“Game and table win were the reason statewide win was off, which was due to baccarat and mini-baccarat recording lower volume amounts, but the decreases were primarily the result of lower hold,” Lawton explained.The calendar also didn’t do July 2018 any favors. There’s also 21 fewer events at T-Mobile July through September this year than in 2017. betrivers codeRegardless, Frissora says the demand easing is simply “an event-driven blip” that is a short-term issue. And the way we’re going to address and we have been addressing it is to continue to bring content to Las Vegas.”Penn National Gaming now has asunset station casino reviews dozen states on board for its takeover of 12 Pinnacle Entertainment properties for the price of .8 billion. biggest casino blackjack win seminole casino in hollywood florida32red live casinoPNG already operates two casinos there and will significantly increase its gaming footprint in the state when the sale is finalized.Three of the 12 Pinnacle properties PNG is poised to take over are in Missouri. MGM Resorts CEO Jim Murren agrees.“Summer months are tough, particularly on the convention side,” Murren stated. as Vegas Strip casinos weren’t as lucky in July 2018 as they were the previous year. blackjack casino offersCaesars stock fell nearly three percent on Thursday following the July gaming report news.MGM Resorts was down 2.4 percent, while Las Vegas Sands and Wynn Resorts, which both more heavily rely on Macau for their gaming revenue, respectively lost 0.7 percent and 0.15 percent.Blame GameNevada casinos were basically flat in July, with total revenue coming in at 6.4 million. The Missouri Gaming Commission signed off on the Penn National Gaming purchase of 12 Pinnacle Entertainment properties, including River City Casino in the Show Me State. And the way we’re going to address and we have been addressing it is to continue to bring content to Las Vegas.”foxwoods resort casino 301 betting odds mgm grand casino hourskentucky casino table gamesRegardless, Frissora says the demand easing is simply “an event-driven blip” that is a short-term issue. And the way we’re going to address and we have been addressing it is to continue to bring content to Las Vegas.”(Image: Toru Hanai/Review-Journal/Casino.org)July marks the first month in the third quarter, a three-month period that has Wall Street investors concerned following cautionary guidance from several of the gaming industry’s most important chief executives.Caesars Entertainment CEO Mark Frissora warned shareholders that the company wasn’t increasing its Q3 financial outlook because Sin City had seen some softening in demand due to fewer events. There’s also 21 fewer events at T-Mobile July through September this year than in 2017. And the way we’re going to address and we have been addressing it is to continue to bring content to Las Vegas.”Sportsbooks generated GGR of million on a 1.66 percent win rate.Tough Road AheadThe Las Vegas Strip is in for more challenges, as August 2018 is another difficult comparison to the same month in 2017.This time a year ago, the world was abuzz with the Floyd Mayweather and Conor McGregor boxing spectacle that packed Strip hotels and gaming floors. oxford casino pub island view casino insider |