Sam S Town Hotel And Casino Dining cates he’s uniquely qualified to comment on discretionary spending trends. winstar world casino entertainment Admiral Casino Kirkcaldy Vxqs 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. 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). Harrah S Casino App Nacs Two of Fertitta’s five Golden Nugget casinos are in Southern Nevada, including one in downtown Las Vegas. pa online casino 888

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. kansas star casino is it open wild horse pab casino roulette ” However, he acknowledges gaming and leisure enterprises could lose some current consumers next year, but there’s a potentially favorable trade-off. “Then, I think what’s going to happen is we’re going to lose some of this consumer (spending). 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 foslot casino online freer 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. 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.

Key Insights and Expert Analysis

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. ruby slots casino sign up bonus According to AAA, the average price for a gallon of regular unleaded gasoline is . 14, nearly a dollar higher than it was a year ago. soaring eagle casino buffet In California, that number swells to a staggering . twin river casino sports book 30 a gallon. casino 360 no deposit bonus 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. 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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