![]() Beynon believes the local gambling market is doing well compared to the Strip due to three forces that are keeping local consumer sentiment high: the housing market is holding up, government stimulus checks, and big employers like Wynn Resorts, Las Vegas Sands and Red Rock Resorts paid their employees while on furlough. ![]() The off-Strip action is heating up, especially compared to the second quarter when local gambling revenue was down 75%. Regional casinos should experience a full recovery by 2023. Regional casinos across the U.S., on the other hand, will only see a 10% year over year decline in gaming revenue in the third quarter and a 15% decline in Q4, Fitch estimates.
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