Raging Bull Casino Online ne for good, owing to the pandemic, and that it could be 2023 before Sin City’s convention traffic resembles 2019 levels. sam s town casino movie theatre las vegas The last 12 months have seen a seismic shift in how business is done, with the vast majority of in-person meetings moving online,” said the research firm. Sam S Town Casino And Hotel Shreveport Louisiana Cbus “Although we wouldn’t pay too much heed to any predictions there is still likely to be some permanent loss of in-person meetings/conferences share to online beyond the pandemic. black oak casino veterans day ”If Bernstein’s 2023 time line to recovery is correct, it’d be a blow for Las Vegas, because business exhibitions are vital drivers of the city’s economy. Underscoring that point, 42. 5 million people visited the gaming center in 2019 — a number that dwindled to just over 19 million last year because of COVID-19. harrah s casino valley center

Bernstein Assessment Could Be BearishThere’s no denying that a return to normalcy will take time, and that with evolving technology, such as Zoom, it’s easier to do away with in-person meetings. That doesn’t mean nails are being driven into the coffin of Sin City’s convention business. Morongo Casino County Jaqk In fact, the opposite may be true. Last month, the World of Concrete (WOC) said it received approval for a live meeting in June, prompting a sense of optimism in Southern Nevada that conventions are on the way back. boomtown casino is it open hard rock casino south lake tahoe Last week, MGM Resorts International CEO Bill Hornbuckle said Las Vegas is “back,” and that the largest operator on the Strip is taking steps to win back exhibition business, including prfree online slots playoviding large and small groups with rapid on-site COVID-19 testing. big fish casino bbb Rosier projections, should those prove accurate, are vital for operators up and down the Strip. black bear casino hotel coupons

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For example, Caesars Entertainment and Wynn Resorts both have substantial convention space that has yet to be tapped owing to the pandemic. Vegas not AloneSin City isn’t the only gaming mecca grappling with a decline and anticipated resumption in meetings, incentives, conventions, and exhibitions (MICE) activity. caesars casino philadelphia Macau, the world’s largest casino center, is also a MICE hub. Resorts Casino In New Jersey Qdfu In 2019, gaming venues in the special administrative region (SAR) hosted more than 1,500 meetings and conventions — a number that slid to 362 last year amid the pandemic. jamul casino car wash With the help of technology, Bernstein sees ways for operators to split the difference between live and distant get- togethers — a scenario that’s better than no meetings at all. running aces casino poker room elvira casino slot machine “Although it can feel like a binary outcome between software/virtual vs hotel/in-person, a third way is emerging with the concept of a hybrid meeting, collaboration between the virtual and online participants – this will, in theory, allow the best of both worlds, the collaboration of in-person with the ease of virtual,” said the research firm.

Caesars Entertainment (NASDAQ:CZR) made the cut on a short list of stocks highlighted by Morgan Stanley as offering stout near-term appreciation potential. tachi palace casino application The Flamingo Las Vegas. Morgan Stanley is bullish on operator Caesars. black lotus casino withdrawal Chumba Casino Codes 2020 Jmcy (Image: Ufree online slots playSA Today)In advance of first-quarter earnings season, the bank released a group of equities it believes will outperform over the next few weeks as profits improve on a year-over-year basis. Caesars is one of six names on the “high conviction earnings” list, one of just two from the consumer discretionary sector and the only gaming name. Our analysts believe that one or more imminent events will drive the share price materially over the next 15-60 days,” according to Morgan Stanley. kansas star casino air supply

“For each of these stocks, our analyst has high conviction in a view that diverges from the Street’s, and expects a near-term event to drive the stock as the market’s view moves closer to ours. fanduel casino wv no deposit bonus ”Last week, analyst Thomas Allen lifted both Caesars and rival MGM Resorts International (NYSE:MGM) — the two largest operators on the Strip — to sam s town casino room rates