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Casino Stocks Trending Lower Ahead Of Gaming Data Release Expected Friday

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Wells Fargo analysts on Thursday offered insight into Vegas strip sales ahead of the official release of revenue data from the Nevada Gaming Board expected tomorrow.

Cameron McKnight forecasts Vegas strip sales down 10 percent year over year in August, noting tough comps from last year.

Moreover, McKnight sees Las Vegas Strip revenues will be hard pressed to meet the 20 percent August 2013 comparable numbers.

Casino stocks are trading lower in Thursday's session ahead of the gaming data release expected tomorrow:

  • Boyd Gaming Corporation (NYSE: BYD) down 2.7 percent
  • Wynn Resorts, Limited (NASDAQ: WYNN) down 2.3 percent
  • Las Vegas Sands Corp. (NYSE: LVS) down 2 percent
  • MGM Resorts International (NYSE: MGM) down 1.8 percent
  • Monarch Casino & Resort, Inc. (NASDAQ: MCRI) down 1.2 percent

Latest Ratings for LVS

DateFirmActionFromTo
Sep 2019MaintainsOverweight
Sep 2019MaintainsNeutral
Sep 2019UpgradesHoldBuy

View More Analyst Ratings for LVS
View the Latest Analyst Ratings

Posted-In: Cameron McKnight Wells FargoAnalyst Color News Econ #s Analyst Ratings

 

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