Casino Stocks Lower as Vegas Strip Revs Drop 12.8% in November (LVS) (MGM) (WYNN)
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Gaming stocks are a little lower Thursday following new data for Las Vegas Strip gaming revs in November.
According o the Nevada Gaming Control Board, Strip revs fell 12.8 percent in November to $437.86 million, from $495.28 million the prior year. Total gaming revs in November were down 11.1 percent.
Strip revenue generally makes up more than half of total Nevada rake.
The number compares with a 1.2 percent gain in October to $496.82 million.
Pressured on the session today include names like Las Vegas Sands (NYSE: LVS), MGM International (NYSE: MGM), Wynn Resorts (Nasdaq: WYNN), and Boyd Gaming (NYSE: BYD).
According o the Nevada Gaming Control Board, Strip revs fell 12.8 percent in November to $437.86 million, from $495.28 million the prior year. Total gaming revs in November were down 11.1 percent.
Strip revenue generally makes up more than half of total Nevada rake.
The number compares with a 1.2 percent gain in October to $496.82 million.
Pressured on the session today include names like Las Vegas Sands (NYSE: LVS), MGM International (NYSE: MGM), Wynn Resorts (Nasdaq: WYNN), and Boyd Gaming (NYSE: BYD).
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