Everyone knows the devastation casinos experienced when the pandemic hit in March 2020. U.S. casinos were closed for multiple weeks stretching into months. Once reopened, traffic returned slowly, took another hit in the fall of 2020, but has recovered nicely as we enter the summer of 2021. Jefferies issued a report in May that showed the progression of casino foot traffic since the pandemic in April 2020. But the report says the real measurement should be made with 2019, not 2020. “Importantly, the recalibration of GGR versus volume should prove critical for operators in all markets, which we believe highlights the value of the data herein. In short, foot traffic was minus-28 percent in April versus 2019 levels, and sequentially better than minus-35 percent in March,” wrote Jefferies analyst David Katz.