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Table games lift Nevada casinos in May

Published 06/29/2017, 12:31 PM
© Reuters.  Table games lift Nevada casinos in May
WYNN
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MGM
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LVS
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BYD
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FLL
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CZR
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BJK
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CACQ
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RRR
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  • Casinos in Nevada reported that gaming win revenue increased 3.51% Y/Y to $991.60M in May.
  • Fiscal YTD revenue is up 3.83% to $10.55B through the end of April.
  • Revenue on the Las Vegas Strip increased 2.97% to $546.79M during the month, while downtown LV casino revenue rose 9.5% to $55.23M.
  • Total slots revenue increased 2.74% to $647M off a win percentage of 6.99%.
  • Games and tables revenue rose 5.00% to $344M off a win percentage of 13.74%. Roulette (+29% Y/Y) and baccarat (+13%) stood out.
  • At the state's sports books, baseball was a $6.6M winner for the house, but a lack of NBA playoff upsets led to a $4.4B basketball loss.
  • Nevada Gaming Control Board full report (.pdf)
  • Related stocks: CZR, CACQ, BYD, FLL, CZR, WYNN, MGM, LVS, RRR.
  • Related ETF: BJK.
  • Now read: How To Beat The First Trust Capital Strength ETF And Other Large-Cap ETFs With The Capital Strength Stocks Of The Russell 1000


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