Americas Gaming: Ohio Iowa and Missouri April GGR Update

Regional gaming revenue in April showed improvement with Ohio racinos (+7%), Iowa (+4%), and Missouri (+1%) all reporting year-over-year GGR growth.

Key Takeaways

• 1.April regional gaming GGR trends showed significant improvement following a weak March, with Ohio racinos leading growth at +7% y/y.
• 2.Iowa as-reported GGR grew +4% y/y in April, while same-store growth (excluding the Bally's Marquette riverboat replacement) was +3% y/y.
• 3.MGM's regional portfolio is outperforming CZR's in April-to-date tracking, with MGM at +6% y/y compared to CZR at -2% y/y.

Table of Contents

• Bottom Line
• CZR
• MGM
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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