
Truist Securities analyst Barry Jonas took a swing through Dixie casinos last month and had quite a bit to report. He hit the New Orleans, Lake Charles, Baton Rouge and Biloxi markets, his primary takeaway being that operators are consistent and resilient, and the macroeconomic impact “has been limited.” Horseshoe Lake Charles is reported to be growing that market, whilst impacting incumbent operators “less than we feared” (as already noted in these pages). As for macroeconomic impact, “The only notable softness appears to be with more value-oriented, lower-to mid-tier customers in select (but not all) markets.” Jonas partly blamed said softness on lower tax refunds (-11%) this year. He “also heard enthusiasm over social security cost of living increases and higher interest rates on savings flowing to discretionary spend for the older demographic.”
Continue reading Under Southern skies; Presidential casino players





