Analysts report mixed gaming outlook and higher Las Vegas Strip room rates

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.