Analyst worries Senate campaign tone will hurt Vegas

21 July 2010

LAS VEGAS, Nevada -- Could the toxic rhetoric of Nevada's U.S. Senate campaign be a detriment to how much Las Vegas residents might spend with local casino operators?

Deutsche Bank gaming analyst Andrew Zarnett believes this to be true.

He told investors Tuesday the negative tone from the campaigns of Senate Majority Leader Harry Reid and his Republican challenger, former Assemblywoman Sharron Angle, could hurt casino spending by Nevadans.

On Monday, the campaigns traded heated comments over June's unemployment figures, 14.2 percent statewide and 14.5 percent in Las Vegas.

Zarnett said the drumbeat of the election highlights the state's record unemployment and a worsening Nevada economy.

"We see no upside to a harsh campaign that reinforces the poor condition of the local economy and aggressively reminds residents of the economic crisis that afflicts their economy," Zarnett wrote in a research note. "We believe this may add to the negative impact on the Las Vegas locals market."

Zarnett said Boyd Gaming, which derives about 45 percent of its overall cash flow from its locals operations, Station Casinos and Cannery Casinos, are the mostly likely companies to be affected.


Related Links
Nevada Gambling
Deutsche Bank Securities Inc. Gaming Vendor Information
Boyd Gaming Gaming Vendor Information


Copyright GamingWire. All rights reserved.
Featured Vendors
Slot Machines Unlimited
Casino Trac - Table Trac, Inc.
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Trac - Table Trac, Inc.
CasinoTrac™ is a full CMS platform, operating in 225 locations, across 13 countries, since 1995.
Oklahoma Indian Gaming Association (OIGA) Conference
TribalHub
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 14-16, 2023 in Tulsa!
TribalHub
24th Annual TribalNet Conference Sept 18-21, 2023 Town & Country Resort, San Diego, CA
Acres Manufacturing
New Level Radio
Acres Manufacturing
Cashless Loyalty & Bonusing in a Single Mobile App
New Level Radio
Your Casino. Your Music. Your Message.
AmericanChecked
Casino Network
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Goldfinger Monitors
Betson Imperial Parts & Service
Goldfinger Monitors
Innovative touch-screen solutions - vibrant lighting, high-def imagery, bright, bold colors
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Sunkist Graphics, Inc.
Patriot Gaming & Electronics, Inc.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Patriot Gaming & Electronics, Inc.
Patriot Gaming…Parts is what we do. Visit us: www.patriotgaming.com
TOP ONE TECH LIMITED
Casino City Press
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Casino Schedule Ease
Talisman Group Creators of EZ Baccarat
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.


Your Guide to 15,259 Gaming Industry Suppliers