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sycuan casino ageBut Pennsylvania added two new casinos since 2019 — Live! Casino Pittsburgh, a satellite venue at the Westmoreland Mall, and Live! Casino Philadelphia, a full-scale casino resort in the city’s Stadium District.Santarelli explains that for the 12 casinos that were operating in 2019, their 2021 GGR was down 22 percent in March, 10 percent in April, and 12 percent in May. That’s a bullish sign when considering Macau is a far larger market for that company.Other operators, including MGM Resorts International (NYSE:MGM), are highlighting impressive earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) margin trends. (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. But one analyst is concerned that some of the play has moved online permanently in the wake of the pandemic. 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. Accordingly, we find the theme of the pandemic making iCasino legalization a likely source of funds for states far less likely now, post bailouts, than perhaps was thefree online slots egt case 6-12 months ago,” Santarelli explained. golden nugget casino owner