2024.07.18
doubledown casino running slowGuests 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. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. (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. mgm grand casino maryland hoursAnd 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. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. As Atlantic City casinos were shuttered from mid-March 2020 through early July, interactive gaming platforms flourished, as they welcomed in a bounty of new players.Concerns have been floated that a substantial factor of the gamblers who played in Atlantic City casinos prior to the coronavirus mightmohegan sun casino fireworks remain permanently online. big dollar no deposit oxford casino covid rulespalace station las vegas casinoOperators with strong LVL exposure reported stellar second-quarter results. “Slot machines drove July 2021’s revenue increase.”One strong month doesn’t constitute a full-blown recovery,mohegan sun casino fireworks but it’s a start. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.hard rock casino atlantic city phone numberThe 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. But the bank acknowledges investor sentiment could ebb and flow with case count and vaccination headlines.Caesars is the second-largest operator on the Strip, while Boyd is the dominant company in downtown Las Vegas. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. when is seven feathers casino going to reopen golden nugget casino locations5 million free chips doubledown casinoStill, JPMorgan is bullish on the aforementioned trio.Favorable position in the attractive LVmohegan sun casino fireworks 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. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.“Sustainable top-line growth underpinned by population growth and appealing supply/demand dynamics.”With an influx of cash coming from the 0 million sale of the Palms announced in May, Red Rock has the resources to firm its balance and perhaps buyback shares.“Balance sheet will soon be under-lBut that segment could be challenged if the pandemic takes a dramatic turn for the worse. casinos won nearly as much money from gamblers last month as they did in July of 2019. 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. draftkings casino promo code reddit cliff castle casino restaurants |