Casino stocks are trading lower after shooting higher on Nevada and Las Vegas Strip gambling sales.
Gambling sales were down 0.27 percent month over month in April for the state of Nevada. The Las Vegas Strip, on the other hand, far outperformed the state with 3.19 percent month over month sales growth to $462.9 million. Downtown Las Vegas had an especially rough April; gambling revenues fell 2.55 percent.
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Year to date, gambling sales are up 1.45 percent for the state, 2.66 percent for the Las Vegas Strip and up 0.75 percent for downtown Las Vegas.
Through May 27, Nevada has collected $47,894,166 in percentage fees for the month. This figure is up 1.43 percent from the previous year.
Las Vegas Sands LVS is down 0.83 percent to $75.31.
MGM MGM is down 0.86 percent to $25.40.
Wynn Resorts WYNN is down 0.02 percent to $215.61.
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