bellagio casino almatyA 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.(NASDAQ:GLPI), MGM Growth, and VICI.Over the past year, shares of the two gaming REITs are up an average of 46 percent.casino blackjack cheat sheet“To protect gamblers, this should be in addition to, not instead of, the option to pay by cash,” the report said.Last year, during the COVID-19 pandemic, cards accounted for more than half of the payments.Other Reasons to Like MGP, VICIBaird favors gaming REITs among net lease names because there’s less competition anencore casino transportationd the product isn’t commoditized.harrah s casino discount code

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pechanga casino valetFor example, Caesars Palace owner VICI has rent escalators in its tenant contracts which are tied to the Consumer Price Index (CPI).However, 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.A study released late last week by the UK Gambling Commission shows that British bettors are wary of cashless gaming technologies.gold coast casino beer gardenThose escalators imply VICI and other REITs have pricing power, explaining why investors historically favor real estate as an inflation play.Good Times for Gaming REITsThere are three publicly traded gaming REITs in the US – Gaming and Leisure Properties, Inc.ition to rent,” according to Investopedia.slot machine casino near lancaster ca

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free casino slot machines free spinsOverall, 22 percent said they would like a cashless gaming app and would be fine with operations having access.Those fears proved inaccurate, as gaming companies were able raise cash, and the real estate companies collected nearly all rent, even during the darkest days of the health crisis.“Preference for cashless skews to younger gamblers, moderate-risk gamblers, and problem gamblers.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.But 45 percent said they flatly would not like such an app.It noted that three years ago debit cards for the first time overtook cash as the primary payment source in Great Britain.golden nugget casino. calm