Nevada casinos with at least $1m in gaming revenue recorded $2.6bn in net income on $31.5bn in total revenue in FY2024, according to the Nevada Gaming Control Board’s annual abstract. Las Vegas Strip operators reported $820.2m in net income, down 40.4%, while Strip revenue rose 6.8% to $21.8bn.
The figures show lower casino profitability despite higher revenue, including on the Las Vegas Strip.
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Analysts Barry Jonas of Truist Securities and Daniel Politzer of J.P. Morgan assessed Las Vegas Strip gaming and hotel indicators after Nevada’s January figures showed gaming revenue down 11% year on year. Jonas said February surveys showed room revenue per available room and average daily rates rising 23% and 8%, respectively, while occupancy was up 13%; he said most operators still did not expect first-quarter adjusted earnings growth.
Wynn Resorts reported Q3 2026 operating revenue of $1.69 billion and net income attributable to the company of $17.3 million, both lower than a year earlier. Adjusted property EBITDAR was $464.2 million, down from $570.1 million; the company also said union leaders recommended a framework agreement at Encore Boston Harbor to members for a ratification vote.
Wynn Resorts' operating revenue dropped to $1.69bn for the third quarter from $1.83bn in the same period in 2025, according to its results. Net income attributable to Wynn Resorts decreased to $17.3m from $88.3m, with diluted net income per share dropping to $0.17 from $0.85. Adjusted property EBITDAR was $464.2m, down from $570.1m.
Light & Wonder reported third-quarter net income of US$133 million, up 16.7% year on year, on revenue of US$824 million, down 2.0%. The company also appointed Matthieu Labbat chief executive of SciPlay, effective immediately; Labbat previously led Product Madness at Aristocrat Leisure.
Boyd Gaming reported net income of $1.44bn for the third quarter of 2025, compared with $131m a year earlier. The company said a $1.4bn after-tax gain from selling a 5% FanDuel stake to Flutter Entertainment drove most of the increase; adjusted net income was just under $140m.
Nevada's Gaming Control Board reported Las Vegas Strip gaming revenue of $693.5m in September, up 0.8% from September 2025. Slot revenue was $452.6m, while table games and sports betting revenue fell 3% to $240.9m; statewide revenue was flat at $1.28bn.
The Nevada Gaming Control Board reported that Las Vegas Strip gross gaming revenue totalled $693.5m in September, a 0.8% increase on September 2025, according to the regulator's figures. Statewide gross gaming revenue was flat at $1.28bn.