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il rivers casinoStill, JPMorgan is bullish on the aforementioned trio.Favorable position in the attractive LVatlantis hotel casino las vegas 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. casinos won nearly as much money from gamblers last month as they did in July of 2019. It easily topped the previous mark of 3.7 million.Sportsbooks, which include mobile operations and at the state’s three horse racetracks, kept nearly million of the 8 million wagered. coushatta casino table gamesAs 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 mightatlantis hotel casino las vegas remain permanently online. That’s just 0.07 percent shy from July 2019, when the same casinos won 7.1 million. JPMorgan is bullish on three casino stocks, including Caesars. choctaw casino wilburton ok kim ward twin river casino1 free slots casinoJPMorgan released a broad look at the gaming industry today, highlighting Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NASDAQ:RRR) as its top three ideas among the casino stocks it rates “overweight.” Caesars’ Bally’s on the Las Vegas Strip, pictured above. “Slot machines drove July 2021’s revenue increase.”One strong month doesn’t constitute a full-blown recovery,atlantis hotel casino las vegas but it’s a start. 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. caesar casino utrecht(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. And 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. “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-lpoker casino edinburgh roulette casino 3d modellucky creek casino free spins 2021JPMorgan is bullish on three casino stocks, including Caesars. That was a record for June. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.Operators with strong LVL exposure reported stellar second-quarter results. black bear casino seven fires restaurant little river casino phone |