Deutsche Bank Predicts Casino Sustainability as Pent-up Demand Dries Up
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Deutsche Bank Gaming, Lodging, Leisure & Restaurant Conference in Miami attracted 60% more attendees than last year. Caesars Entertainment and The Mirage resorts are perceived as positive signals of the recovery of casino industry. However, casinos are not looking to return to pre-pandemic levels, running at 70% of workforce in 2019.
Deutsche Bank predicts a slowdown in casino revenue as pent-up demand is beginning to wear off. However, the increase in wagers is expected to have a positive impact on Las Vegas locals gaming revenue. Michigan, Pennsylvania and New Jersey are pushing aggressively ahead with iGaming solutions.
Deutsche Bank has spent time thinking about the implications of responsible gambling in future legalization efforts in the United States. The bank's analysts believe responsible gaming will play an essential role in spurring bolder legalization moves. Manufacturers of physical gaming machines can expect a bit of a slow down in second half of 2022. Land-based operators are still unsure about how to treat the iGaming sector.
