Q1 Casino Revenue Topped $11 Billion
With millions headed back to casinos, the American Gaming Association (AGA) reported that gross gaming revenue for the first quarter toped $11 billion. In fact, as reported by Casino.org, “Despite the virus certainly not behind the US, gaming industry revenue in 2021 is off to a blistering start. The $11.13 billion total GGR number matches the previous all-time record quarter set in the first three months of 2019.” That’s been a positive catalyst for Jackpot Digital Inc. (TSXV:JJ)(OTCQB:JPOTF), Penn National Gaming (NASDAQ:PENN), Wynn Resorts (NASDAQ:WYNN), MGM Resorts International (NYSE:MGM), and Las Vegas Sands (NYSE:LVS).
Look at Atlantic City, for example. Months after struggling with the virus, the New Jersey Division of Gaming Enforcement said, “the city earned three times more in this year’s first quarter than the same time period of 2020,” as noted by Best US Casinos. Going forward, numbers are likely to improve, as millions get back to life as normal.
