Unlike their Strip counterparts, executives from Boyd Gaming and Red Rock Resorts didn’t have to explain away gaming revenue and visitation declines during 2025.
Both companies had a few hiccups, primarily business disruptions associated with renovations or decreases in their smaller tourism segments. However, gaming industry observers remain universally upbeat when it comes to the Southern Nevada markets catering to the area’s residential population.
Stifel Financial gaming analyst Steven Wieczynski said neighborhood casinos performed well “against the current murky economic backdrop.” CBRE Equity Research gaming analyst John DeCree said the companies’ properties have been immune from the visitation declines seen on the Strip, which fell 7.5 percent in 2025.
