Desert Diamond Casino Why ne for good, owing to the pandemic, and that it could be 2023 before Sin City’s convention traffic resembles 2019 levels. fanduel casino cash out The last 12 months have seen a seismic shift in how business is done, with the vast majority of in-person meetings moving online,” said the research firm. Downstream Casino Legends Entertainment Rgpq “Although we wouldn’t pay too much heed to any predictions there is still likely to be some permanent loss of in-person meetings/conferences share to online beyond the pandemic. ”If Bernstein’s 2023 time line to recovery is correct, it’d be a blow for Las Vegas, because business exhibitions are vital drivers of the city’s economy. firekeepers casino login Underscoring that point, 42. 5 million people visited the gaming center in 2019 — a number that dwindled to just over 19 million last year because of COVID-19. turtle lake casino bands download bovada casino

Bernstein Assessment Could Be BearishThere’s no denying that a return to normalcy will take time, and that with evolving technology, such as Zoom, it’s easier to do away with in-person meetings. Twin River Casino Atlantic City Hane That doesn’t mean nails are being driven into the coffin of Sin City’s convention business. twin river casino number In fact, the opposite may be true. Last month, the World of Concrete (WOC) said it received approval for a live meeting in June, prompting a sense of optimism in Southern Nevada that conventions are on the way back. is chinook winds casino closed Call Four Winds Casino Dbtm Last week, MGM Resorts International CEO Bill Hornbuckle said Las Vegas is “back,” and that the largest operator on the Strip is taking steps to win back exhibition business, including prcoolcat casino ndb codes 2020oviding large and small groups with rapid on-site COVID-19 testing. Rosier projections, should those prove accurate, are vital for operators up and down the Strip. mountaineer casino mask policy

Key Insights and Expert Analysis

For example, Caesars Entertainment and Wynn Resorts both have substantial convention space that has yet to be tapped owing to the pandemic. u.s. online gambling market Vegas not AloneSin City isn’t the only gaming mecca grappling with a decline and anticipated resumption in meetings, incentives, conventions, and exhibitions (MICE) activity. Macau, the world’s largest casino center, is also a MICE hub. drake casino refer a friend In 2019, gaming venues in the special administrative region (SAR) hosted more than 1,500 meetings and conventions — a number that slid to 362 last year amid the pandemic. With the help of technology, Bernstein sees ways for operators to split the difference between live and distant get- togethers — a scenario that’s better than no meetings at all. “Although it can feel like a binary outcome between software/virtual vs hotel/in-person, a third way is emerging with the concept of a hybrid meeting, collaboration between the virtual and online participants – this will, in theory, allow the best of both worlds, the collaboration of in-person with the ease of virtual,” said the research firm. online casino games real money

Caesars Entertainment (NASDAQ:CZR) made the cut on a short list of stocks highlighted by Morgan Stanley as offering stout near-term appreciation potential. table games at tiverton casino The Flamingo Las Vegas. miami club casino deposit bonus codes peppermill reno casino roulette casino numbers Morgan Stanley is bullish on operator Caesars. A Casino Slot Machine Zkgw (Image: Ucoolcat casino ndb codes 2020SA Today)In advance of first-quarter earnings season, the bank released a group of equities it believes will outperform over the next few weeks as profits improve on a year-over-year basis. Caesars is one of six names on the “high conviction earnings” list, one of just two from the consumer discretionary sector and the only gaming name. admiral casino slots Our analysts believe that one or more imminent events will drive the share price materially over the next 15-60 days,” according to Morgan Stanley. encore casino hotel boston

“For each of these stocks, our analyst has high conviction in a view that diverges from the Street’s, and expects a near-term event to drive the stock as the market’s view moves closer to ours. ”Last week, analyst Thomas Allen lifted both Caesars and rival MGM Resorts International (NYSE:MGM) — the two largest operators on the Strip