Analysts see continued Las Vegas Strip softness in 2025
Macquarie analyst Chad Beynon said regional casinos should outperform Las Vegas for the rest of 2025, citing third-quarter trends. He expects downside to consensus earnings estimates for the Strip businesses of Caesars Entertainment, MGM Resorts International and Wynn Resorts; CBRE analyst John DeCree expects stability to moderate growth in the locals market.
Operators and investors face divergent analyst views on Strip and locals casino performance heading into 2026.