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J.P. Morgan analyst forecasts 5% October casino revenue growth

Business

J.P. Morgan analyst Daniel Politzer forecast that US regional casino winnings would rise 5% in October from a year earlier, based on an increase in foot traffic. Adjusting for October’s extra weekend day, he estimated growth of 3%; the analysis drew on five years of data from 17 regional casinos and excluded destination and luxury-oriented properties.

The forecast gives regional casino operators and investors an estimate of October revenue trends and the model’s scope.

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