Las Vegas Strip Gambling Sales Fall In December, Gaming Stocks Tumble

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Traders will want to watch gaming stocks following the announcement from the Nevada Gaming Commission that Las Vegas Strip gambling sales fell 16.41 percent in December.

Shares of Las Vegas Sands Corp. LVS fell to $54.56, down 1.61 percent, amid the news. The company reported Q4 earnings on Wednesday.

Wynn Resorts, Limited WYNN also appeared to be impacted with the stock recently trading at $149.80, down 2 percent. Wynn Resorts will report Q4 earnings on February 3.

MGM Resorts International MGM also fell and recently traded at $19.68, down 2.48 percent. The company is expected to report Q4 earnings on February 17.

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Posted In: NewsIntraday UpdateNevada Gaming Commissionnevada gaming control board
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