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Casinos Make a Comeback, Though Location Matters

Source: https://www.advan.us/blog.php

After a dismal April and May, when casinos across the country were closed to visitors, Nevada’s casinos have been slowly recovering. But although many casinos on the strip are now open, foot traffic remains depressed - down 45% year over year in October to date. Around the country, the pace of recovery for the sector has varied significantly by state.

Missouri’s casinos were the first to jump back. As early as June, foot traffic was only down 50% compared to the previous year. While in New York, even through August, traffic was down 100% year over year with casinos closed throughout the state.

Fast forward to October and the picture looks quite different. Traffic at New York casinos is now down only 39% from last year. Missouri is down only 25%, and New Jersey down 33%. Nevada has been the slowest to recover, perhaps because it relies more on tourist traffic compared to casinos in other states, for whom a greater portion of business comes from local visitors. The cancellation of conventions in Las Vegas has also had a significant impact on overall traffic to its hotels and casinos.

With regulations varying around the country as states work to control the pandemic, foot traffic data is the most accurate way to understand trends for cash-centered businesses like casinos.

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

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Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

GET WEEKLY ALERTS

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The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us