Morongo Casino Winners cates he’s uniquely qualified to comment on discretionary spending trends. You’re going to continue to see money pile into the economy, probably, the rest of the year,” said the Houston Rockets owner in a Tuesday interview with CNBC. morongo casino county caesar palace casino vung tau The last round of ,400 stimulus checks went out in May, with many Americans having received that money in the first quarter. That cash was widely viewed as a catalyst for lifting traffic in Las Vegas, as well as regional casinos across the country. But analysts worried the positive effects would be fleeting. However, the opposite is proving true, as Sin City visitation is surging and Nevada is coming off a record month in terms of gross gaming revenue (GGR). slots heaven casino Two of Fertitta’s five Golden Nugget casinos are in Southern Nevada, including one in downtown Las Vegas.

Roaring Twenties CallAs other market observers have, Fertitta notes the US economy – the world’s largest – is heading for a “Roaring Twenties” setup “for a while. caesar casino games ” However, he acknowledges gaming and leisure enterprises could lose some current consumers next year, but there’s a potentially favorable trade-off. jamul casino dining “Then, I think what’s going to happen is we’re going to lose some of this consumer (spending). casino 4k But we’re going to start getting back the business consumer and the conferences, and the big party rooms in New York and LA, and all your big cities,” he said in the CNBC interview. Assuming his call is correct, that would be a major boost fowhat casinos are openr Las Vegas. While executives from some Strip operators note occupancy rates for weekends are close to 100 percent through the remainder of 2021, the Sunday through Wednesday period remains sluggish because of the lack of convention business. Error Code: 521 Hbdg In the largest domestic casino center, meetings and conventions are essential to steadying traffic and providing needed revenue in the first four days of the week.

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Inflationary PressureWhile Fertitta notes traffic is strong at Landry’s higher-end restaurants, including Mastro’s and Morton’s, inflation is a scenario that bears monitoring. island resort and casino to reopen free slots coushatta According to AAA, the average price for a gallon of regular unleaded gasoline is . kansas star casino covid rules 14, nearly a dollar higher than it was a year ago. In California, that number swells to a staggering . 30 a gallon. That’s meaningful for Las Vegas operators because neighboring California accounts for almost 20 percent of annual visitation to Sin City, and many of those customers drive from Southern California. big fish casino monthly vip bonus Higher fuel costs can prompt consumers to scale back expenditures at places such as casinos and high-end restaurants or steer clear of those venues altogether.

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