Views From the Strip: Global Gaming Expo 2024
Are casino operators better-positioned now vs pre-Covid and do they have the cushion to weather the next storm? Those are questions that arose at October's Global Gaming Expo ("G2E"), which Jody Lurie, Senior Credit Analyst, explores in the latest edition of "Views From the Strip." The focus on capex for non-gaming opportunities, the ways to leverage economies of scale to improve margins, and the attention to both balance sheets and shareholders all were topics discussed throughout the conference and related events. Post-Covid momentum may have diminished, yet current activity suggests consumers haven't pulled back yet in this area of spending. Next year could be a different story.