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Weak report on Las Vegas revenue trips up gaming sector

  • A report from the Nevada Gaming Control Board indicates revenue in the state fell 8.08% Y/Y in December.
  • Revenue from Las Vegas Strip casinos was off 16% during the month.
  • Analysts noted the month posed a tough compare, but were still caught off-guard.
  • The negative report appears to be impacting sentiment across the gaming sector, although some other factors are also in play.
  • Casino stocks:CZR -4.4%, CACQ -4.3%, ISLE -2.7%, NYNY -3.9%, UWN -1.6%, CNTY -1.8%, MCRI -2.2%, CHDN -1.5%, PNK -0.3%, MGM -3%, WYNN -2.5%.

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