Menu

House of Cards®

Blog

Casinos Are Getting Nervous As Las Vegas Revenues Drop And Their Stocks Slump by David G. Schwartz

Las Vegas casino operators seemed to be cruising earlier this year, but the summer has turned into a bit of a bummer for them. Whether this is a temporary decline or the start of a bigger reshaping remains to be seen, but there is no shortage of possible explanations for the season of discontent.

Last week’s round of earnings reports and conference calls were difficult for the big Las Vegas-based casino operators. Caesars Entertainment and MGM Resorts International, which each own multiple properties on the Las Vegas Strip, both reported soft numbers for the second quarter and predicted more headwinds in the third quarter.

CONTINUE READING

Go Back

Comment

Blog Search

Comments

There are currently no blog comments.