2024.07.21
bellagio casino age limit(Image: Shutterstock)Deutsche Bank gaming specialist Carlo Santarelli is troubled that while some states are reporting better than pre-pandemic brick-and-mortar casino revenues, Pennsylvania is not. Pennsylvania is the nation’s second-richest gaming state in terms of total gross revenue. The Deutsche Bank note says Pennsylvania casinos are spending many more marketing and promotional dollars on their iGaming products than at their brick-and-mortar properties.Though the convenience of a pocket casino is surely a strategic advantage, if you’re a slot customer, it appears the iCasino is actually the value play for your entertainment dollar as well,” Santarelli detailed. morongo casino jackpots“As such, we think the rollout of iCasino is likely to be a lot more challenging than most expect, and far more challenging than sports betting. So, where’s the money coming from? Online.iGaming TrendDuring COVID-19, iGaming reasonably flourished, as the state’s land-based casinos were forced to shutter. As such, Wynn Resorts (NASDAQ:WYNN) recently commenced a 5 million room renovation in response to strong 2022 bookings. no deposit bonus code casinos brian christopher slots on facebookisland resort and casino tribeSo, where’s the money coming from? Online.iGaming TrendDuring COVID-19, iGaming reasonably flourished, as the state’s land-based casinos were forced to shutter. Traffic on Pennsylvania casino floors remained light during their reopenings, as made evident in this photo last year of Parx Casino in Philadelpfree online slots egthia. But beyond Connecticut, the prospects are slim, Santarelli opines. foxwoods resort casino trolley line boulevard ledyard ct“Said differently, the entertainment dollar lasts twice as long in the iCasino environment.”Deutsche Bank research concluded that land-based casinos in Pennsylvania are spending nine percent less on promos than they did during the same time period in 2019.iGaming Expansion OddsThe potential cannibalization of brick-and-mortar casino gambling caused by online platforms, Santarelli believes, will caution other states in moving to legalize internet gambling. But one analyst is concerned that some of the play has moved online permanently in the wake of the pandemic. As such, Wynn Resorts (NASDAQ:WYNN) recently commenced a 5 million room renovation in response to strong 2022 bookings. cleo 2 free slots no deposit bonus codes zar casinochinook winds casino hoursConnecticut, pending federal approval, is set to become the sixth iGaming state by way of its two tribes. But one analyst is concerned that some of the play has moved online permanently in the wake of the pandemic. But one analyst is concerned that some of the play has moved online permanently in the wake of the pandemic. But one analyst is concerned that some of the play has moved online permanently in the wake of the pandemic. Pennsylvania is the nation’s second-richest gaming state in terms of total gross revenue. The Deutsche Bank note says Pennsylvania casinos are spending many more marketing and promotional dollars on their iGaming products than at their brick-and-mortar properties.Though the convenience of a pocket casino is surely a strategic advantage, if you’re a slot customer, it appears the iCasino is actually the value play for your entertainment dollar as well,” Santarelli detailed. owner of cache creek casino red stag casino.com |