sycuan casino resort el cajonInvestors in Las Vegas casinos lost money this week in the stock market sell-off.MGM Resorts and Las Vegas Sands were both down about five percent during the two-day period, while Wynn Resorts dropped 2.Generation Z TraitsAccording to the US Census Bureau, Generation Z represents nearly 26 percent of the living US population, which is more than millennials at 24.malette poker casino royale 500 jetons“We met with management teams from MGM, Caesars … and come away feeling reassured that recent weakness in the stocks is less a reflection of a change, weakening in underlying fundamentals, and more commonly attributed to technicals and interest rates,” JPMorgan analyst Joseph Greff said in a Tuesday note.The oldest members of Generation Z, those born roughly between 1997 and 2016, are just now turning 21-years-old, but brick-and-mortar casinos are already considering the demographic’s characteristics.5 percent.island resort and casino open

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blackjack 99Investors have paid the price dearly in numerous casino stocks:MGM Resorts has gone from in January to below , a 30 percent lossLas Vegas Sands has gone from in June to , a 32 percent lossWynn Resorts has gone from 0 in May to 6, a 42 percent lossCaesars Entertainment has gone from in January to , a 35 percent lossCorrection or Chaos?Stock market analysts are scurrying to determine whether the sell-off is simply a Wall Street correction, or an indicator that more trouble is ahead.This week’s stock market sell-off has further negatively impacted an already reeling gaming industry.free v slots games“We met with management teams from MGM, Caesars … and come away feeling reassured that recent weakness in the stocks is less a reflection of a change, weakening in underlying fundamentals, and more commonly attributed to technicals and interest rates,” JPMorgan analyst Joseph Greff said in a Tuesday note.org)Land-based casinos still haven’t figured out the millennial, a generation that has far less appetite for traditional slot machines than their parents and grandparents.Investors in Las Vegas casinos lost money this week in the stock market sell-off.roulette casino how to win

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mgm casino detroit michiganAs I have said multiple times, I start to pay attention when the market cracks its 200-day moving average,” Commonwealth Financial Network Chief Investment Officer Brad McMillan wrote.The S&P 500 closed below its 200-day moving average on Thursday, which is a key indicator analysts use in evaluating the health of the market.And the general consensus is that slot machines and table games as they’ve been known for decades might not appeal to such a tech-savvy group.Gaming Industry Pullback The gaming industry enjoyed a prosperous 2017 where casino stocks hit record highs.Less than 12 months later, most of those gains have been returned.Investors in Las Vegas casinos lost money this week in the stock market sell-off.list of casino near me