Published
Land-BasedCasinoFinancial

Analysts make positive 2021 projections for Las Vegas

Despite the difficulties of 2020, investment analysts have made a number of positive projections for US gaming and Las Vegas for 2021.

shutterstock_221463787

Although Macquarie analyst Chad Beynon believes Q4 2020 and Q1 2021 will follow similar patterns to currently reduced volumes, he thinks a pickup in the number of visitors over the next 60 to 90 days could provide encouraging signs for the rest of the year.

As such, in a research note, he placed Buy ratings on operators Caesars Entertainment, Las Vegas Sands and MGM Resorts International, with a Neutral rating on Wynn Resorts.

Meanwhile, Jefferies analyst David Katz feels investors should also be buoyed by the environmental, social and governance aspect of the gaming industry.

Indeed, Katz believes gambling stocks should no longer be categorised as a "sin" stock, with opinions in the US changing in favour of gambling.

Katz emphasised the fact a percentage of sector revenue is earmarked for social projects, while gambling equally improves the overall economic outlook for a region – something especially true of tribal gaming.

Las Vegas and Nevada saw gaming win fall 18% year-on-year for November, which was also a month-on-month decrease.

However, Nevada sportsbooks did register a record month, generating $61.8m in revenue

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...