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Major casino shares were all down modestly Thursday, despite new data showing a 4.8 percent increase in "gaming win" from the Las Vegas Strip neighborhood.
Casinos stocks have faced recent slowdown in Macau as well as dire headlines on the financial woes of Caesars. Revenue for the Strip district, where most higher-end casinos are located, totaled $536.2 million in July, up from $511.4 million a year earlier.
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Companies that dominate the neighborhood include Wynn Resorts (NASDAQ: WYNN), MGM Resorts (NYSE: MGM), Caesars (NASDAQ: CZR) and Las Vegas Sands (NYSE: LVS).
The city's downtown, where Boyd Gaming (NYSE: BYD) counts as an important presence, saw July gambling revenue slip 2.8 percent to $38.3 million.
For all of Clark County, a sprawling region of 8,000 square miles that includes Las Vegas and more, revenue was up just 2.2 percent to $800.4 million from $783.2 million last year.
Total Nevada gaming revenue grew 0.65 percent last month to $931.8 million.
Macau recently posted $3.5 billion in July gambling revenue, but that city has been hurt by a slowdown in China's economy and a crackdown on corruption there that has snagged thousands of high rollers.
Boyd slid 3.5 percent to $10.31 a share early Thursday; Caesars was off 1.3 percent, Las Vegas Sands fell 0.7 percent and MGM fell 1.4 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.