soaring consumer prices<\/a> could crimp some gaming operators. Wells Fargo notes the average HHI for customers of Churchill Downs (NASDAQ:CHDN), Bally\u2019s (NYSE:BALY), Boyd Gaming (NYSE:BYD), and Penn National Gaming (NASDAQ:PENN) ranges from $73,531 to about $75,000.<\/p>\nThose companies are considered regional operators, meaning they could be pinched by consumers looking to avoid high gas prices by not driving to casinos. Of that quartet, only Boyd has significant Las Vegas locals exposure. Bally\u2019s and Penn operate one Las Vegas venue apiece.<\/p>\n
\u201cGiven their regional exposure, Penn National, Boyd, and Caesars would likely be most impacted from a slowdown among lower-income households, though we believe much of this is already reflected in valuations\/share prices,\u201d <\/strong>Wells Fargo added.<\/p>\n","protected":false},"excerpt":{"rendered":"With the Consumer Price Index (CPI) residing at four-decade highs, inflation is a prime concern for casino operators. But Wynn Resorts (NASDAQ:WYNN) may have some immunity because of the affluence of its customer base. In a new report, Wells Fargo analyzes household income trends of visitors to a variety of Strip, Las Vegas locals, and […]<\/p>\n","protected":false},"author":46,"featured_media":216414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Wynn Tops List Of Casino Customers Household Income<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n