#Daniel Politzer

Northern Nevada Business Weekly

F1 fans send Strip casinos to second-highest gaming revenue month

The Formula One Las Vegas Grand Prix drove Strip casinos to their second-largest gaming revenue month of all time during November. The Gaming Control Board said Dec. 28 that the four-day event, which began Nov. 16, helped produce almost $821 million in gaming revenue for Strip casinos during the month, a 22.6 percent increase from November 2022. In…
Finance
Seeking Alpha

The Las Vegas Strip is fading all those concerns of a consumer slowdown

The early report out of the casino industry's heavyweight G2E Global Gaming Expo is that trends in Las Vegas are not showing any major signs of slowing down, despite the macroeconomic backdrop. Wells Fargo analyst Daniel Politzer said meetings with management from Caesars Entertainment (NASDAQ: CZR) at G2E indicated that Las Vegas seems to be…
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Northern Nevada Business Weekly

Nevada casinos set single-month revenue record in July

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…
Finance
Nevada Appeal

Casinos set revenue record; Washoe tops $100M

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…
Finance
Casinos set revenue record; Washoe tops $100M
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The Nevada Independent

Nevada casinos set a single-month revenue record of $1.4B during July

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…
Finance
Nevada casinos set a single-month revenue record of $1.4B during July
The Nevada Independent

Bally’s grows Las Vegas presence with stadium, Trop renovation

Lost in the news surrounding the entry of casino operator Bally's Corp. as a partner in the effort to bring Major League Baseball to Las Vegas were executive suite management changes. The Rhode Island-based company last week named Marcus Glover as chief financial officer. His experience includes overseeing two of MGM Resorts International's largest…
Industry
Bally’s grows Las Vegas presence with stadium, Trop renovation
The Nevada Independent

Southern Nevada casinos fuel Nevada to a record-breaking February

Depending on where you look, February was either another stellar month for Nevada gaming revenue or the second consecutive monthly decline in casino revenue totals. Statewide, Nevada casinos collected nearly $1.24 billion in gaming revenue during February, the highest figure ever recorded for the month, the Gaming Control Board said Tuesday. The…
Finance
Southern Nevada casinos fuel Nevada to a record-breaking February
TipRanks

MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?

Stocks of casino operators with exposure to Macau, an administrative region in China and a major gambling destination, have rallied recently on hopes of strong recovery following the easing of COVID-19 restrictions. Moreover, Macau granted new licenses to six casino operators in late 2022 for a period of ten years. Additionally, certain analysts…
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MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?
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The Nevada Independent

Gaming slowdown? Not in Nevada as casinos head toward a record

Nevada could shatter last year's record-breaking gaming revenue totals in just 11 months. October marked the 20th straight month of $1 billion or more in state gaming revenue, according to figures released Tuesday by the Gaming Control Board. Statewide, gaming revenue sits at $12.3 billion for the first 10 months of 2022, more than 12 percent above…
Finance
Gaming slowdown? Not in Nevada as casinos head toward a record
The Nevada Independent

September gaming revenue steers Nevada casinos toward another record-breaking year

Nine months are in the books for 2022, and Nevada casinos are far ahead of last year's record gaming revenue total. Analysts say the state's gaming industry is on track to shatter 2021's single-year total of $13.4 billion in revenue before December, especially if Las Vegas Strip resorts continue to experience the positive business trends seen in…
Land-based
September gaming revenue steers Nevada casinos toward another record-breaking year
The Nevada Independent

Slot machine play lifts Nevada to second-highest ever revenue month

Nevada casinos fell $4 million short of tying the state's single-month gaming revenue record during March, and Las Vegas Strip casinos recorded their third-highest revenue month of all time. Analysts credited the locals' gaming markets and slot machine players with driving Nevada to its 13th straight gaming revenue month of more than $1…
Finance
The Nevada Independent

Indy Gaming: Slot company booths teeming with activity at G2E

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The giant football helmet adorned with the…
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Indy Gaming: Slot company booths teeming with activity at G2E
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The Nevada Independent

Analysts: Nevada casinos headed toward a second-straight revenue record year

Historically, Nevada gaming revenue averages a 9 percent decline between July and August. The Gaming Control Board said Thursday that August's statewide gaming revenue figure of more than $1.2 billion was a 3.5 percent increase from a year ago, even as the market was down 8.2 percent from July - well within the historical trend. But with statewide…
Land-based
The Nevada Independent

Strip, downtown casinos propel Nevada’s 15th straight billion-dollar revenue month

Gaming revenue collected during May saw record-breaking totals for casinos in Clark County, the Strip and downtown Las Vegas, while fueling the state to its 15th straight month of $1 billion or more in gambling winnings. The Gaming Control Board said Thursday that the state's $1.3 billion in total gaming revenue was 5.7 percent higher than the…
Finance
Strip, downtown casinos propel Nevada’s 15th straight billion-dollar revenue month
Yogonet

Nevada casinos hit 2nd highest revenue ever boosted by Strip, slots records in March

The Nevada Gaming Control Board reported Thursday that the state's $1.355 billion gaming revenue figure in March trailed only July 2021, which holds the record at $1.59 billion. The March figure was a 26.8% increase over March 2021, which kicked off the billion-dollar monthly figure, thus reaching now its 13th consecutive month. Las Vegas…
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Nevada casinos hit 2nd highest revenue ever boosted by Strip, slots records in March
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The Nevada Independent

Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021

As the Las Vegas resort industry awaits the full return of its convention and meeting business, one gaming analyst said high-profile events tied to the National Football League will boost Southern Nevada visitation in the first half of the year, despite the recent national spike in COVID-19 cases. Daniel Politzer, who follows the gaming industry…
Finance
Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021
The Nevada Independent

Nevada casinos near all-time gaming revenue mark after strong November

Nevada casinos have recorded their third-highest gaming revenue year. And there is still one month to be added to the 2021 books. The Gaming Control Board said Wednesday that statewide gaming revenue in November was $1.32 billion, just shy of the single-month record of $1.36 billion reported in July. November's totals were a 41 percent increase…
Land-based
Nevada casinos near all-time gaming revenue mark after strong November
The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…
Covid
A buyer’s market: Vegas Strip casinos a hot commodity
Northern Nevada Business Weekly

Nevada casinos post 7th straight billion-dollar revenue month

LED signs of the Hard Rock and Montbleu casino/hotels in Stateline thank first responders on Sept. 1, 2021.Photo: Christian Monterrosa / The Nevada Independent Howard Stutz | The Nevada Independent California's wildfires were the primary culprit in diminishing activity and business at casinos on the north and south shores of Lake Tahoe during…
Land-based
Nevada casinos post 7th straight billion-dollar revenue month
WTOP

7 Best Casino Stocks to Buy on the Dip

Wells Fargo is selectively bullish on gaming and casino stocks. Casino stocks have taken a hit recently, and the Dow Jones U.S. Gambling Total Stock Market Indexis down 6.6% since Sept. 7. General concerns about the Chinese economy coupled with fears over regulatory crackdowns and uncertainties surrounding a gaming law review in Macao have been…
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7 Best Casino Stocks to Buy on the Dip
Yogonet

Nevada casinos near longest $1B+ win streak record in August, above 2019 numbers

he post-pandemic scenario has favored Nevada's casinos, showrooms and other entertainment venues, even considering mask mandates which still run in the area. In August, casinos saw their sixth-straight $1 billion gaming revenue, leaving Nevada in a good position to reach the $12 billion annual revenue figure the rest of the country had reached…
Land-based
The Nevada Independent

‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues

A second-floor meeting hall in the aging downtown Las Vegas headquarters of Culinary Workers Local 226 has long attracted local, state and national candidates seeking support from the influential labor group's membership. Oftentimes, Station Casinos is a talking point. In November 2019, Vice President Kamala Harris, then a California senator who…
UFC / MMA
‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues
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