Gaming Revenue Down 23% In February On Las Vegas Strip (LVS, MGM, WYNN)
Down)
According to data from the State of Nevada Gaming Control Board, gaming revenue in February on the Las Vegas Strip fell 23.5% for the month to $427.4 million. Statewide gaming revenue fell 18.1% for the month.
Fiscal year-to-date shows gaming revenue for the Las Vegas Srip down 16.6% and down 14.5% Statewide.
Casino stocks are taking a hit today amid this data point. Shares of Las Vegas Sands Corp. (NYSE: LVS) are currently down 8.7% to $4.53, MGM Mirage (NYSE: MGM) stock, which has risen more than 135% in just four days of trading, is down 7.4% to $5.12 today and shares of Wynn Resorts Ltd. (Nasdaq: WYNN) are down 4.4% to $29.83.
Fiscal year-to-date shows gaming revenue for the Las Vegas Srip down 16.6% and down 14.5% Statewide.
Casino stocks are taking a hit today amid this data point. Shares of Las Vegas Sands Corp. (NYSE: LVS) are currently down 8.7% to $4.53, MGM Mirage (NYSE: MGM) stock, which has risen more than 135% in just four days of trading, is down 7.4% to $5.12 today and shares of Wynn Resorts Ltd. (Nasdaq: WYNN) are down 4.4% to $29.83.
You May Also Be Interested In
- Ford's (F) Shanks Says US Auto Sales Running at Mid-to-High 14M Range in May
- Zynga (ZNGA) Holds Above Key Level Amid Increased Volatility; Still Well Below 50-Day SMA
- Maastricht Treaty to Blame for Crisis in EU...
Create E-mail Alert Related Categories
General News, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
