mgm casino tunicaHowever, land-based gamblers who prefer to use cashless payments said that this was due to security, the speed and ease of making payments, having a record of transactions, and limiting contact in a post-COVID world,” the UKGC report stated.Those escalators imply VICI and other REITs have pricing power, explaining why investors historically favor real estate as an inflation play.A recent study by the UK Gambling Commission found that most British gamblers surveyed do not want to use a cashless app for their gaming play.winstar world casino employmentFor example, Caesars Palace owner VICI has rent escalators in its tenant contracts which are tied to the Consumer Price Index (CPI).This structure is common in commercial real estate, and the tenant, say MGM Resorts International (NYSE:MGM), pays for all the property maintenance as if it owned it outright.Over the past year, shares of the two gaming REITs are up an average of 46 percent.big 5 casino no deposit bonus

slot bob real money online slots casino games

chukchansi casino open or closedIn the case of MGP, that real estate company is levered to recovery on the Las Vegas Strip, because it owns the bulk of MGM’s real estate there.While MGP currently lacks tenant diversity, Baird said the name offers upside possibilities by way of potential equity index inclusion and acquisitions.Additionally, MGM is expected to continue paring its stake in MGP.paragon casino concerts”The report comes at a time when cashless is becoming king across the pond.(NASDAQ:GLPI), MGM Growth, and VICI.Last year, during the COVID-19 pandemic, cards accounted for more than half of the payments.jamul casino wednesday giveaway

free online slots 7700

big dollar casino apkOther Reasons to Like MGP, VICIBaird favors gaming REITs among net lease names because there’s less competition ancasino extreme 1000 free spinsd the product isn’t commoditized.Today, the likes of MGP and VICI are thriving.The concern for now, though, is that most bettors surveyed did not care for gaming companies to have that level of access.76 percent returned by the MSCI US Investable Market Real Estate 25/50 Index, a widely followed basket of real estate equities.For example, Caesars Palace owner VICI has rent escalators in its tenant contracts which are tied to the Consumer Price Index (CPI).Cashless App May Have Some Benefit, UKGC SaysWhile the Gambling Commission’s study points out the potential pitfalls with cashless gaming, it also points out that the technology comes with potential benefits as well.thunder valley casino online games