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Las Vegas casinos shine in January

Feb. 28, 2017 11:09 AM ETCaesars Entertainment, Inc. (CZR) StockLVS, MGM, WYNN, BYD, FLL, BJK, CZR, CACQBy: Clark Schultz, SA News Editor
  • Casinos in Nevada reported that gaming win revenue increased 12% to $1.036B in January.
  • Fiscal YTD revenue is up 3.81% through the end of January.
  • Revenue on the Las Vegas Strip soared 14.4% to $609M during the month, while downtown casinos generated a 32% gain in revenue.
  • Penny slots did the heavy lifting again, with a $262M haul for the month. Sports books lagged with a meager $8M take.
  • Nevada Gaming Control Board full report (.pdf)
  • Related stocks: CZR, CACQ, BYD, FLL, CZR, WYNN, MGM, LVS.
  • Related ETF: BJK.

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