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seven feathers casino winnersBut 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. (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. 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. hard rock casino card“Slot machines drove July 2021’s revenue increase.”One strong month doesn’t constitute a full-blown recovery,harrah s casino mibibippi 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.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. casino poker tournaments borgata casino offerspechanga resort casino zoominfoThe 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. 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. “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-llive casino entertainment(Image: Meet AC)Land-based gross gaming revenue (GGR) totaled 6.9 million. That’s 70.4 percent better than July 2020, and a 35 percent premium on July 2019.Land Ahoy!COVID-19 resulted in New Jersey’s iGaming and online sportsbooks thriving. “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-laliante casino pet policy kansas star casino concert schedulefree online governor of poker 3Both 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. (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 mightharrah s casino mibibippi remain permanently online. And it was casinos’ old faithful that delivered the strong July 2021 performance.Slots won over 4.6 million from gamblers last month, a nearly six percent gain in July 2019.Slot machine win was the highest for the month of July since 2013, when there were twelve casinos operating,” Plousis told Casino.org. 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. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. 7 clans casino table games oxford casino reservations |