'Nevada Gambling Revenue Level Year-On-Year At $1.21B In August' - iGamingBusiness
Portfolio Pulse from Benzinga Newsdesk
Nevada's gambling revenue in August remained steady year-on-year at $1.21bn, despite a 14.3% decline from July's $1.4bn. Slot machines accounted for $829.2m of the total revenue, a 2.1% decrease from last year. Revenue from table, counter, and card games increased by 5.2% to $380.1m. Sports betting revenue rose by 12.4% to $18.1m. The Las Vegas Strip generated $666.8m in revenue, nearly half of the state's total.
October 02, 2023 | 2:42 pm
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NEUTRAL IMPACT
Las Vegas Sands Corp. may be affected by the steady gambling revenue in Nevada, as it operates several properties on the Las Vegas Strip.
As a major operator on the Las Vegas Strip, Las Vegas Sands Corp. is likely to be impacted by the overall gambling revenue in Nevada. The steady revenue suggests a stable market, which could be beneficial for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
MGM Resorts International, with several properties in Nevada, may be impacted by the steady gambling revenue in the state.
MGM Resorts International, as a major operator in Nevada, is likely to be affected by the overall gambling revenue in the state. The steady revenue suggests a stable market, which could be beneficial for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Melco Resorts & Entertainment Limited, although not directly mentioned, could be indirectly affected by the steady gambling revenue in Nevada.
Melco Resorts & Entertainment Limited, although not directly operating in Nevada, could be indirectly affected by the overall gambling revenue in the state. The steady revenue suggests a stable market, which could influence the company's strategic decisions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Penn National Gaming, Inc., with operations in Nevada, may be impacted by the steady gambling revenue in the state.
Penn National Gaming, Inc., as an operator in Nevada, is likely to be affected by the overall gambling revenue in the state. The steady revenue suggests a stable market, which could be beneficial for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Wynn Resorts, Limited, with several properties on the Las Vegas Strip, may be impacted by the steady gambling revenue in Nevada.
Wynn Resorts, Limited, as a major operator on the Las Vegas Strip, is likely to be affected by the overall gambling revenue in Nevada. The steady revenue suggests a stable market, which could be beneficial for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75