- Casinos in Nevada reported that gaming win revenue increased 3.51% Y/Y to $991.60M in May.
- Fiscal YTD revenue is up 3.83% to $10.55B through the end of April.
- Revenue on the Las Vegas Strip increased 2.97% to $546.79M during the month, while downtown LV casino revenue rose 9.5% to $55.23M.
- Total slots revenue increased 2.74% to $647M off a win percentage of 6.99%.
- Games and tables revenue rose 5.00% to $344M off a win percentage of 13.74%. Roulette (+29% Y/Y) and baccarat (+13%) stood out.
- At the state's sports books, baseball was a $6.6M winner for the house, but a lack of NBA playoff upsets led to a $4.4B basketball loss.
- Nevada Gaming Control Board full report (.pdf)
- Related stocks: CZR, CACQ, BYD, FLL, CZR, WYNN, MGM, LVS, RRR.
- Related ETF: BJK.
Table games lift Nevada casinos in May
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| Symbol | Last Price | % Chg |
|---|---|---|
| CZR | - | - |
| Caesars Entertainment, Inc. | ||