Analysts cut Las Vegas Strip first-quarter gaming revenue forecast to 2.5% decline
Analysts at Macquarie estimated that the Las Vegas Strip generated $696 million in February revenue, up 1% year over year, and lowered their first-quarter 2026 forecast to a 2.5% decline from a previous 0.5% decline. J.P. Morgan’s analysis put February visitation at 3.04 million, up 2%; Truist Securities maintained a Hold rating on Bally’s and cut its price target to $13.
The revised Strip forecast and visitation figures inform operators’ assessment of Las Vegas demand.