Jamul Casino Dining elivered 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. turtle lake casino winners boomtown casino mibibippi Cliff Castle Casino Gift Shop Zgvy org. free casino games poker machines “Slot machines drove July 2021’s revenue increase. ”One strong month doesn’t constitute a full-blown recovery, 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. 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. borgata casino map aliante casino reopening seminole casino near fort myers

” Caesars’ Bally’s on the Las Vegas Strip, pictured above. online casino poker gambling JPMorgan is bullish on three casino stocks, including Caesars. Sam S Town Casino Phone Number Zipa (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 says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. But the bank acknowledges investor sentiment could ebb and flow with case count and vaccination headlines. free slots black diamond 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 valley forge casino online slotsof earnings and revenue from Las Vegas locals (LVLs) — a demographic consisting largely of retirees and staffers from other casinos. Operators with strong LVL exposure reported stellar second-quarter results. las vegas wynn casino opening But that segment could be challenged if the pandemic takes a dramatic turn for the worse.

Key Insights and Expert Analysis

Still, JPMorgan is bullish on the aforementioned trio. Favorable position in the attractive LV 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. royal ace casino registration “Sustainable top-line growth underpinned by population growth and appealing supply/demand dynamics. las atlantis casino bonus codes 2020 ”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. Roulette Casino Debin Fpgi “Balance sheet will soon be under-levered, which we think will lead to incremental share repurchases,” according to JPMorgan. online gambling etf Caesars Among Beloved Casino StocksUp 22. 55 percent year-to-date, Caesars is one of Wall Street’s favorite gaming equities, a status that’s the result of the company’s delevering efforts and its swift iGaming and sports betting expansion. JPMorgan says the Flamingo operator is experiencing strong leisure demand in Las Vegas and at its expansive portfolio of regional casinos. cache creek casino phone number The bank also highlighted Caesars’ plans to sell some assets to reduce debt and its online casinos and sports bettvalley forge casino online slotsing business, which it now controls 100 percent of the economics of by way of the recently completed William Hill acquisition.

Caesars has “an emerging online sports betting and iCasino opportunity, of which CZR owns 100% (brand, tech, first skin) and should be able to grow via its sizable database and national footprint,” said the bank. no deposit bonus casino codes Other catalysts for Caesars include “incremental entertainment, banquet/food and beverage revenues ramping up” and the possibility of steadiness in the operator’s convention and meetings business. Lots to Like with Boyd, TooOver the course of the pandemic, Boyd Gaming is proving adept at expanding margins in both Sin City and regional markets, and analysts believe that trend is sustainable. coushatta casino open Additionally, the operator has a compelling clientele mix. casino unscramble “Attractive footprint in localized/regional drive-to markets and LV Locals (which has recovered quickly and we think has legs) focused on the leisure gaming customer,” notes JPMorgan. Boyd’s sports betting exposure is often overlooked, but perhaps it shouldn’t be, because Gta 5 Casino Blackjack Rigged Nlhv