2024.07.18
twin river casino reopening(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. 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. The 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. free casino slot games appBut 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. 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 mightroulette casino money management remain permanently online. But that segment could be challenged if the pandemic takes a dramatic turn for the worse. desert diamond casino live roulette top 10 free online poker siteslivedraw mgm casino 4dBoth 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. 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. But that segment could be challenged if the pandemic takes a dramatic turn for the worse. lake tahoe california casinosBut 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. 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. casinos won nearly as much money from gamblers last month as they did in July of 2019. harrah s casino vaccine coushatta casino hotel dealsriverwind casino seafood buffetBoth 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. 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. Still, JPMorgan is bullish on the aforementioned trio.Favorable position in the attractive LVroulette casino money management 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. (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. “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-lJPMorgan is bullish on three casino stocks, including Caesars. zynga poker gold live casino restaurants |