Lake.tahoe Casinos elivered the strong July 2021 performance. Slots won over 4. Viejas Casino And Resort San Diego Sucr 6 million from gamblers last month, a nearly six percent gain in July 2019. Slot machine win was the highest for the month of July since 2013, when there were twelve casinos operating,” Plousis told Casino. org. “Slot machines drove July 2021’s revenue increase. ”One strong month doesn’t constitute a full-blown recovery, but it’s a start. August looks promising, as an estimated 38,000 people descended on Atlantic City this past week for a three-day outdoor Phish concert. viejas casino wedding u.s. online gambling market JPMorgan released a broad look at the gaming industry today, highlighting Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NASDAQ:RRR) as its top three ideas among the casino stocks it rates “overweight.

” Caesars’ Bally’s on the Las Vegas Strip, pictured above. liberty slots no deposit bonus codes may 2021 JPMorgan is bullish on three casino stocks, including Caesars. (Image: Getty Images)Each of those names is tethered to the ongoing recovery in Las Vegas, which could be threatened by the delta variant of the coronavirus. JPMorgan says the emergence of the latest COVID-19 mutation isn’t yet hampering fundamentals for operators with deep Sin City exposure. bellagio casino host email But the bank acknowledges investor sentiment could ebb and flow with case count and vaccination headlines. Caesars is the second-largest operator on the Strip, while Boyd is the dominant company in downtown Las Vegas. Both Boyd and Red Rock generate significant portions valley forge casino online slotsof earnings and revenue from Las Vegas locals (LVLs) — a demographic consisting largely of retirees and staffers from other casinos. borgata casino in atlantic city new jersey Operators with strong LVL exposure reported stellar second-quarter results. But that segment could be challenged if the pandemic takes a dramatic turn for the worse.

Key Insights and Expert Analysis

Still, JPMorgan is bullish on the aforementioned trio. online casino apps michigan Harrah S Cherokee Valley River Casino Sports Betting Pktn Favorable position in the attractive LV locals market with RRR converting a high percentage of earning before interest, taxes, depreciation and amortization (EBITDA) to free cash flow (60-70 percent in 2022E-2025E),” said the bank. cool cat casino withdrawal “Sustainable top-line growth underpinned by population growth and appealing supply/demand dynamics. ”With an influx of cash coming from the 0 million sale of the Palms announced in May, Red Rock has the resources to firm its balance and perhaps buyback shares. luckyland slots legal “Balance sheet will soon be under-levered, which we think will lead to incremental share repurchases,” according to JPMorgan. Caesars Among Beloved Casino StocksUp 22. 55 percent year-to-date, Caesars is one of Wall Street’s favorite gaming equities, a status that’s the result of the company’s delevering efforts and its swift iGaming and sports betting expansion. free casino slot plays JPMorgan says the Flamingo operator is experiencing strong leisure demand in Las Vegas and at its expansive portfolio of regional casinos. The bank also highlighted Caesars’ plans to sell some assets to reduce debt and its online casinos and sports bettvalley forge casino online slotsing business, which it now controls 100 percent of the economics of by way of the recently completed William Hill acquisition. wild casino real money

Caesars has “an emerging online sports betting and iCasino opportunity, of which CZR owns 100% (brand, tech, first skin) and should be able to grow via its sizable database and national footprint,” said the bank. Other catalysts for Caesars include “incremental entertainment, banquet/food and beverage revenues ramping up” and the possibility of steadiness in the operator’s convention and meetings business. Lots to Like with Boyd, TooOver the course of the pandemic, Boyd Gaming is proving adept at expanding margins in both Sin City and regional markets, and analysts believe that trend is sustainable. four winds casino jeep pechanga casino telephone number Additionally, the operator has a compelling clientele mix. hotels with a casino near me free slot games fort knox casino resorts kansas city “Attractive footprint in localized/regional drive-to markets and LV Locals (which has recovered quickly and we think has legs) focused on the leisure gaming customer,” notes JPMorgan. casino kings ny Mychoice Casino Com Fcyy Boyd’s sports betting exposure is often overlooked, but perhaps it shouldn’t be, because Lucky Dragon Net Games Huxy