Americas Gaming Pennsylvania GGR Update

Pennsylvania's April GGR was flat year-over-year, marking a recovery from March's decline. Regional trends for major operators like MGM and CZR also show month-over-month improvement.

Key Takeaways

• 1.Pennsylvania GGR was flat (+0%) year-over-year in April, representing an improvement from the -1% decline seen in March.
• 2.MGM's regional performance is showing significant strength, tracking +9% y/y April-to-date compared to +4% in March.
• 3.Caesars (CZR) regional properties are tracking slightly positive at +1% y/y April-to-date, improving from -3% in March.

Table of Contents

• Bottom Line
• 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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