Las Vegas: Analysts say locals casino companies are strong, will outperform Strip properties

Wednesday, January 28, 2026 3:06 PM
  • Richard N. Velotta, Las Vegas Review-Journal

Two gaming industry analysts, in separate reports, say the Las Vegas locals market will continue to be strong and financially outperform Strip properties.

John DeCree, director of equity research for Las Vegas-based CBRE Group Inc., and Kim Noland, of Gimme Credit LLC of Westchester County, New York, both conclude in reports issued Tuesday that the locals market will stay strong thanks to companies that are reinvesting in their properties and because of tax cuts offered in President Donald Trump’s One Big Beautiful Bill.

“Although comparisons get more difficult for the locals market in 2026, there are still several catalysts on the horizon that should fuel moderate growth, including tax cuts under the One Big Beautiful Bill Act and recent capital reinvestment from major operators such as Boyd Gaming Corp. and Red Rock Resorts,” DeCree wrote in his equity research report.