2024.07.12
casino beside the bellagioAs 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. Guests 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. Guests 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. gta v online casino“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. Guests 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. “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. live casino gambling santa ana casino eventsslotbooster doubledown casino(Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. That was a record for June. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. free slots to playThat’s an 86 percent year-over-year bonus.All total, New Jersey’s gaming industry reported GGR of more than 0.5 million. But that segment could be challenged if the pandemic takes a dramatic turn for the worse. (Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. casino extreme affiliate program mohegan sun casino scranton palive casino gamblingBut 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. JPMorgan 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. casinos won nearly as much money from gamblers last month as they did in July of 2019. Operators with strong LVL exposure reported stellar second-quarter results. 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. “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-lonline gambling games for real money winstar world casino facebook |