J.P. Morgan forecasts 5.4% fall in US regional casino visits in January
J.P. Morgan analyst Daniel Politzer estimated that visits to US regional casinos fell 5.4% in January, while winnings were projected to rise 2%. Jefferies analyst David Katz forecast a 3% to 5% decline in regional gambling revenue, citing weather and competition. Katz also said potential online-gambling legalisation could affect land-based operators over time.
The estimates give casino operators and investors a measure of weather-related trading pressure and potential online competition.