Casino Stocks Sink as Vegas Strip Win Tumbles 18+% in May (LVS) (WYNN) (MGM)
Tweet
Share
E-mailGet Alerts LVS Hot Sheet
Join SI Premium – FREE
Shares of Las Vegas Sands (NYSE: LVS), Wynn (Nasdaq: WYNN) and MGM Resorts (NYSE: MGM) are under heavy pressure Thursday as the State of Nevada's Gaming Control Board showed an 18.15 percent decline in gaming win on the Las Vegas Strip for the month of May. Total gaming win was $475 million for the Strip. The Board showed a 10.05 percent decline in gaming win for the entire state.
Another important metric for these casino operators, percentage fee collections were down 24.14 percent during June.
Las Vegas Sands shares are down 3.9 percent to $39.40, shares of Wynn are down 3.4 percent to $97.18, and shares of MGM are down 3.8 percent to $9.83.
Another important metric for these casino operators, percentage fee collections were down 24.14 percent during June.
Las Vegas Sands shares are down 3.9 percent to $39.40, shares of Wynn are down 3.4 percent to $97.18, and shares of MGM are down 3.8 percent to $9.83.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Getty Realty discloses separation terms for departing accounting officer
- Hertz Global amends voting agreement with CK Amarillo after lawsuit
- Holcim to acquire Fermacell from James Hardie for EUR 840M
Create E-mail Alert Related Categories
Corporate News, Momentum MoversSign 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!
