The three companies also have significant investments in Macau, the world's largest gambling mecca. Wynn Resorts fell 3.4 percent, MGM Resorts dipped nearly 2 percent and Las Vegas Sands slipped just more than 1 percent. That represented a slight slowdown from a 2.3 percent increase in November.Īll three of the major Las Vegas-based resort casinos were lower in Wednesday trading. Statewide, Nevada casinos reported a total 'gaming win' of $960.4 million in December, or an increase of less than 1 percent compared with a year ago.
Also, the Reno, Nevada, casinos experienced a 10 percent increase in gaming revenue for the month. because that market I think probably has a much longer cycle,' he said.ĭespite the slowdown on the Vegas Strip, the downtown Las Vegas and north Las Vegas casinos as a group generated double-digit percentage increases in gaming revenue in December compared with a year ago. 'What happens is that convention business has been doing a lot of the heavy lifting for companies like Las Vegas Sands and Wynn Resorts, etc. Still, Amobi said the convention business on the Las Vegas Strip has been holding up well despite softness in other areas. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
