Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $952,704,123 in January, a 7.75 percent year-over-year increase. The updated fiscal year picture is not quite so good, as total win from July 1, 2014 through the end of January is down 2.12 percent from the same period a year ago.
Las Vegas Strip
More than $576 million (over 60 percent) of the Nevada’s gaming win in January came from the Las Vegas Strip. Shareholders of strip mega-resort operators Las Vegas Sands Corp. LVS 0.35%, MGM Resorts International MGM 1%, Wynn Resorts, Limited WYNN 0.19% and Caesars Entertainment Corp CZR 1.76% are watching Strip numbers closely.
Win numbers for the Vegas Strip were some of the strongest in the state, as the January number represented a 15.4 percent year-over-year increase. However, the current fiscal year totals for the Strip are the worst of any gaming area in the state, lagging the state’s overall numbers and trailing the previous fiscal year’s total by 4.19 percent.
The historic Downtown Las Vegas’ numbers reflect opposite trends than the Strip. While the fiscal year numbers for Downtown Vegas are slightly ahead of last year’s numbers, the January total gaming win for downtown was $38,639,197, a 10.63 percent drop from last January’s numbers. Shares of Boyd Gaming Corporation BYD 3.02%, which operates three downtown casinos, are trading down about 4.5 percent Friday on the news.
Read this article and all my other articles for free on Benzinga by clicking here
Want to learn more about the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!