SectorWire
SearchRegister
MenuClose

Analysts cite February pressures in Las Vegas gaming outlook

Business

Analysts Barry Jonas of Truist Securities and John DeCree of CBRE discussed Las Vegas gaming performance and the outlook for 2025, with Jonas attributing weaker Strip results partly to the comparison with February 2024. Jonas said Strip casino win excluding baccarat fell 3% year on year and forecast improvement in March; he also said Truist cut its first-quarter EBITDA estimate for Boyd by 3%.

Investors can weigh the Strip’s year-on-year decline against the forecast March improvement and Boyd estimate reduction.

Request a correction

Flag an issue

Keep reading

Business

Analysts assess MGM, Strip, VICI and Caesars results and outlook

Analysts at Truist Securities, Macquarie, Jefferies and Texas Capital Securities issued views on MGM Resorts, Las Vegas Strip revenue, VICI Properties and Caesars in notes dated 29–31 October. MGM’s analyst cited a 2% EBITDAR miss and lowered estimates; the Strip recorded $688 million in September revenue, down 5% year on year, while VICI reported $1 billion in third-quarter results and Caesars $884 million in adjusted EBITDAR.

Continue reading