Analyst encouraged by positive start to 2011

5 January 2011

LAS VEGAS, Nevada -- January is the time everyone weighs in with prognostications for the upcoming year.

Wall Street is no different.

MorganJoseph gaming analyst Justin Sebastiano said he was encouraged by what he heard from his casino industry contacts about the recent New Year's Eve celebration.

"Despite the treacherous winter weather that buried parts of the country in December, New Year's Eve was likely strong enough for U.S. gaming, as a whole, to turn in a small year-over-year revenue gain in the month," Sebastiano told investors.

As such, he believes the fourth quarter of 2010 could mark the second straight quarter of year-over-year gaming revenue gains.

"This is certainly a move in the right direction and makes us feel more confident about the direction of U.S. gaming revenue," Sebastiano said. "However, we are still hesitant to call a recovery just yet."

As for investment opportunities, Sebastiano recommended Pinnacle Entertainment, Full House Resorts, and Penn National Gaming.

Related Links
Penn National Gaming, Inc. Gaming Vendor Information
Penn National Gaming Ownership Details
Penn National Gaming Software Details
Nevada Gambling


Copyright GamingWire. All rights reserved.
Featured Vendors
Gaming Tickets, Inc.
Casino City Press
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Bar Maid Corporation
Betson Imperial Parts & Service
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
DFI
Slot Machines Unlimited
DFI
The latest industry tech in slot and VLT motherboards, embedded systems, industrial panels
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Network
RSA Executive Search
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
Rymax Marketing Services, Inc.
TOP ONE TECH LIMITED
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Broadband Hospitality
TribalHub
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX


Your Guide to 15,448 Gaming Industry Suppliers