Las Vegas Strip Gaming Revs Fell 1.2% in August; Up 12.7% YTD (LVS) (MGM) (WYNN)

October 10, 2012 10:04 AM EDT
Amid a drop in Nevada gaming revs during August, casino stocks are largely higher on the session, fending off broader market moves in the process.

According to the Nevada Gaming Control Board, revs for the state fell 3.11 percent to $859.2 million in August.

Notably, for companies like Las Vegas Sands (NYSE: LVS), Wynn Resorts (Nasdaq: WYNN), MGM International (NYSE: MGM), and Boyd Gaming (NYSE: BYD), Las Vegas Strip revs slipped 1.19 percent to $490.9 million.

Despite the drop, year-to-date revenues on the Strip are up 12.7 percent, while overall Nevada gaming revs are up 6.8 percent.

Sands, Wynn, and Boyd are up Wednesday, while MGM is down about 1.4 percent.


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