Nevada's Gaming Control Board Releases May Data Via Email, Las Vegas Strip May Gambling Rev. Fell 2.12% YoY To $716M
Portfolio Pulse from Happy Mohamed
Nevada's Gaming Control Board has released data showing a 2.12% YoY decrease in Las Vegas Strip's gambling revenue in May, falling to $716M. Companies operating in the area such as LVS, MGM, MLCO, PENN, WYNN may be affected.
June 28, 2023 | 1:54 pm
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NEGATIVE IMPACT
Las Vegas Sands Corp. (LVS) may be negatively impacted by the decrease in gambling revenue on the Las Vegas Strip.
LVS operates casinos on the Las Vegas Strip. A decrease in gambling revenue in the area could potentially lead to lower earnings for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MGM Resorts International (MGM) may be negatively affected by the decrease in gambling revenue on the Las Vegas Strip.
MGM operates casinos on the Las Vegas Strip. A decrease in gambling revenue in the area could potentially lead to lower earnings for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Melco Resorts & Entertainment Limited (MLCO) may be negatively impacted by the decrease in gambling revenue on the Las Vegas Strip.
MLCO operates casinos on the Las Vegas Strip. A decrease in gambling revenue in the area could potentially lead to lower earnings for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Penn National Gaming, Inc. (PENN) may be negatively affected by the decrease in gambling revenue on the Las Vegas Strip.
PENN operates casinos on the Las Vegas Strip. A decrease in gambling revenue in the area could potentially lead to lower earnings for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wynn Resorts, Limited (WYNN) may be negatively impacted by the decrease in gambling revenue on the Las Vegas Strip.
WYNN operates casinos on the Las Vegas Strip. A decrease in gambling revenue in the area could potentially lead to lower earnings for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80