bellagio casino table gamesJPMorgan 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-lThat was a record for June. desert diamond casino blackjackAugust looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert.JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. 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. ocean online casino no deposit bonus code

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brian christopher slots plazaBut that segment could be challenged if the pandemic takes a dramatic turn for the worse. 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. JPMorgan is bullish on three casino stocks, including Caesars. casino 4kGuests 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. That was a record for June. “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. draftkings casino queen illinois

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harrah s casino poolOperators with strong LVL exposure reported stellar second-quarter results. 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. “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. The shopping promenade in downtown Atlantic City. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. 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. downstream casino valet parking