Louisiana and Massachusetts Gaming Revenue Update

April gaming data shows improved trends with Louisiana GGR up 11% and Massachusetts down 2%. Major operators like CZR and MGM are seeing positive 2QTD growth in reported states.

Key Takeaways

• 1.April gaming trends have improved relative to a decelerated March performance.
• 2.Louisiana (LA) reported strong growth with GGR up 11% y/y (+9% same-store), significantly rebounding from March.
• 3.Massachusetts (MA) trends were weaker, with GGR declining 2% y/y in April.

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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