Tag: Economy
First-quarter earnings to provide clues about Las Vegas, national economy, and prediction market impact
With casino gaming stocks down 6% for the year, first-quarter earnings season kicks off this week with potential Las Vegas Strip upside,... more
Consumers still snubbing Vegas for regional casinos, analyst says
For Wall Street, gaming “remains out of favor,” according to Truist Securities analyst Barry Jonas. But he described the green shoots he... more
MGM CFO talks Las Vegas recovery at Nevada licensing hearing
The CFO of MGM Resorts International told Nevada regulators Wednesday a fall off in drive-in traffic from California brought down Las Vegas... more
Prediction markets dominate gaming summit in Boston
Ten gaming companies traveled to Boston for the 13th yearly Truist Securities GLL Summit last week. Truist analyst Barry Jonas boiled the... more
MGM CEO tells Nevada regulators negativity about Las Vegas is “silly”
A day after addressing the crowd at G2E in Las Vegas, MGM Resorts International CEO Bill Hornbuckle told Nevada regulators negative... more
U.S. economy worsening, analysts say
Sentiment amongst United States consumers continues to spiral downhill, according to a team of Jefferies Equity Research analysts. Their... more
Value and higher-end customers keep Las Vegas locals casinos going strong
The chief operating officer of Station Casinos told Nevada regulators Wednesday that the company’s ability to keep costs down, provide... more
A downturn in international travel to the U.S. may last beyond summer, experts warn
LAS VEGAS (AP) — For a few hopeful weeks this summer, a bright billboard on the major highway linking Toronto to New York greeted Canadian... more
Las Vegas tourism head: Bet on city’s tourism recovery
The head of the Las Vegas tourism agency is optimistic about a rebound and taking steps to boost visitation after a 12% decline in tourism... more
Las Vegas tourism decline narrative continues as resorts’ prices make headlines
The decline in Las Vegas tourism this summer has garnered international headlines and will only accelerate after last week when... more
