Bet Big on the Recovery in Las Vegas With These Gaming Stock Picks.

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Yogonet

Macau casinos see worst year on record after gaming revenue drops 51% in 2022

Macau casinos have posted their worst year since 2004 as China's strict Covid Zero policies wrought havoc on the gambling hub. The Gaming Inspection and Coordination Bureau said Sunday that gross gaming revenue in December fell 56% from a year earlier to 3.48 billion patacas ($433 million), slightly below the median estimate of a 57% decline.…

Finance ・ 04 January 2023

Racing Post

Online shift the big change in gambling landscape but retail betting recovering

The Gambling Commission has released its latest set of industry statistics The shift to online gambling continues apace according to the latest statistics published by the industry's regulator. However, the Gambling Commission said retail gambling is showing signs of recovery following the Covid-19 pandemic despite a near 20 per cent fall in the…

Industry ・ 25 November 2022

Yogonet

Macau casino revenue plunges 68% to new 18-month low in April amid tourism drought

Macau casino revenue has plunged to an 18-month low amid the ongoing impact of the pandemic on the gaming destination. Revenue for April fell 68% from a year earlier as the world's biggest gambling hub suffers from a tourist drought related to China's Covid lockdown measures. According to official data from the Gaming Inspection and Coordination…

Travel ・ 02 June 2022

The Nevada Independent

Recovery slows but Nevada casinos still have 14th straight billion-dollar month

Nevada casinos recorded their 14th straight month of at least $1 billion in gaming revenue during April, but the total marked the first time in more than a year the state didn't experience a double-digit increase. The Gaming Control Board said Thursday that casinos statewide collected almost $1.13 billion in gaming revenue in April, with more than…

Land-based ・ 26 May 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Seeking Alpha

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pre-pandemic level of April of 2019. COVID restrictions in…

Finance ・ 02 May 2022

New Westminster Record

'March Madness' atmosphere lifts Vegas economy from pandemic

LAS VEGAS (AP) - Nevada casinos reported near-record March house winnings, while the airport in Las Vegas reported passenger traffic almost as heavy as pre-pandemic levels and tourism officials marked another big jump in visitor volume. LAS VEGAS (AP) - Nevada casinos reported near-record March house winnings, while the airport in Las Vegas…

Covid ・ 29 April 2022

The Motley Fool

Investing in Casino Stocks

A night at the casino might seem like an experience frozen in time -- imagine visions of James Bond or pressing your luck at the craps table -- but the casino industry is changing fast, and new developments present a unique opportunity for investors. Online gaming is becoming legal in many U.S. states, and both old-school casino chains and upstart…

Finance ・ 31 January 2022

Vegas Slots Online

VSO Analysis: US Gambling’s Pandemic Recovery in 2021

The US gambling industry suffered immensely in 2020 as the COVID-19 pandemic swiftly tightened its grip on the sector. Casinos across the nation closed their doors while their employees could only wait to hear if they still had jobs at all. the sector has well and truly woken from its slumber In contrast, 2021 painted a different picture entirely.…

Covid ・ 30 January 2022

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Vegas Slots Online

Nevada $13.4bn 2021 Gaming Revenue Sets New Record

Nevada's total gaming revenue last year reached a record-breaking $13.4bn. [Image: Shutterstock.com] Total Nevada gaming revenue reached $13.4bn in 2021, setting a new record for the state. The previous benchmark of $12.8bn came more than a decade ago in 2007. Revenue also grew 12% from the $12bn generated in 2019 before the pandemic began. 72%…

Finance ・ 28 January 2022

Markets Insider

Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans think of Vegas as the top gambling destination, but…

Covid ・ 05 January 2022

Vegas Slots Online

Nevada Casinos Hit $1bn+ GGR for 9th Consecutive Month

Casinos in Nevada hit the $1bn gross gaming revenue mark for a record ninth consecutive month in November. [Image: Shutterstock.com] Nevada casinos' gross gaming revenue (GGR) surpassed the $1bn mark in November for a record ninth consecutive month. The Nevada Gaming Control Board released GGR figures for November on Wednesday. These latest figures…

Land-based ・ 31 December 2021

The Motley Fool

3 Ways This Lesser-Known Casino Stock Is Still Winning

With just two casinos to its name and a $1.25 billion valuation, Monarch Casino & Resort (NASDAQ:MCRI) isn't the southwest U.S.' biggest gambling operator by a long shot. It has, however, carved out a strong niche for itself at its two locations in Black Hawk, Colorado (near Denver) and Reno, Nevada, and is in the process of updating and expanding…

Finance ・ 29 October 2021

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Las Vegas Sun

Global Gaming Expo returns, masked and vaccinated, to Las Vegas

Casino industry leaders and vendors riding a resurgence of gambling following coronavirus closures are gathering in-person for an annual conference this week in Las Vegas - amid strict coronavirus mask and vaccination rules - after meeting virtually a year ago. "We are thrilled to be back here, live, in Las Vegas," American Gaming Association chief…

Covid ・ 06 December 2021

Nevada Appeal

Gambling expo returns, masked and vaccinated, to Las Vegas

Attendees look over video slot machines at the Ainsworth Game Technology booth during the Global Gaming Expo (G2E) at the Venetian hotel-casino and Sands Expo Center in Las Vegas on Oct. 5, 2021. (Steve Marcus/Las Vegas Sun via AP) LAS VEGAS - Casino industry leaders and vendors riding a resurgence of gambling following coronavirus closures are…

Covid ・ 09 October 2021

Texas News Today

Casino stocks rise as Macau relaxes regulations

Casino stocks are skyrocketing this week. Las Vegas Sands, Win, Caesars, Penn National Gaming and MGM Resort have all surged recently, gaining significant boost after gambling destination Macau relaxed restrictions on visitors from mainland China on Tuesday. .. This group has been extremely volatile for the past 18 months and has been hit hard by…

Finance ・ 25 August 2021

Entrepreneur

Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy?

Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the continued evol... Stay informed and join our daily newsletter now! 6 min read Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the…

Finance ・ 05 August 2021

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MGM Resorts

Markets Insider

Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau. The Analyst: Bank of America analyst Shaun…

Incidents ・ 15 July 2021

Vegas Slots Online

Nevada Casinos Hit All-Time Gaming Revenue High in May

Nevada casinos hit a single-month gaming win high in May, beating the previous record from October 2007. [Image: Shutterstock.com] Casinos in Nevada generated a record monthly gaming win of $1.23bn in May, indicating a continued recovery of the region's gambling and tourism industries. The figures released by the Nevada Gaming Control Board (NGCB)…

Land-based ・ 01 July 2021

Review Journal

Las Vegas visitation numbers increase in May

Las Vegas continued its comeback in May as visitation grew by double digits over the previous month. Southern Nevadan visitation, hotel room occupancy and rates, revenue per available rooms and number of room nights occupied all increased from April to May, the Las Vegas Convention and Visitors Authority announced Wednesday. Las Vegas welcomed…

Land-based ・ 01 July 2021

Markets Insider

July 4 Weekend Room Rates In Las Vegas Now 50% Above Pre-Pandemic Levels

It's been a long road back for Las Vegas casinos since the pandemic hit last year, but one metric suggests next weekend could be a big weekend for Vegas. The Numbers: Bank of America analyst Shaun Kelley said Vegas Strip room rates are more than 50% above 2019 levels heading into the holiday weekend. Las Vegas flight searches are also up 2% from…

Covid ・ 28 June 2021

Zacks

Betting on a Las Vegas Comeback

One of my favorite places in the world is Las Vegas. The lights, the casinos, the action and just the overall atmosphere make this city an annual destination for me. However, Las Vegas was shut down for over a year due to COVID-19 restrictions. We couldn't visit most of the places we love at the height of the pandemic. Even when things opened up a…

Sports ・ 25 June 2021

The Daily Gazette

Rivers Casino back to full capacity but still recovering from shutdown

SCHENECTADY - Rivers Casino & Resort is running at full capacity for the first time in 15 months in the wake of the state lifting most COVID-related restrictions. This does not equate to full operations, however: The casino is closed four hours a day and there's no live entertainment, no poker room and no beverage service on the casino floor. Gross…

Land-based ・ 17 June 2021

Las Vegas Sun

10 signs Las Vegas is coming back strong this Memorial Day weekend

In the summer of 2020, during some of the darkest days of the coronavirus pandemic, economic analyst Jeremy Aguero predicted it could take up to three years for Las Vegas to bounce back from its pandemic-induced funk. Nearly 10 months after making those comments before the Las Vegas Global Economic Alliance, Aguero, principal at Applied Analysis,…

UFC / MMA ・ 02 June 2021

Review Journal

June gaming win improves, but still well below normal coronavirus casino

Gaming win picked up for the state in June, the month when casinos were allowed to reopen, but totals still fell well short of normal levels, the state Gaming Control Board said Wednesday. Statewide win was off 45.5 percent compared with June 2019 to $566.8 million for the month. Clark County was down 51.4 percent to $441 million, the Strip fell…

Sports ・ 05 February 2021