Wednesday, April 01, 2015

2015 Revenues Down in Vegas and Macau

Gaming revenues are down both on the Las Vegas strip, and in the once red-hot but now struggling Macau.

On the Vegas strip February 2015 revenue came in at 531.3 million compared to 555.7 million last year, according to the gaming control board.

In Macau the news was even worse, although not unexpected, with March 2015 revenues dropping almost 40%. Tighter government regulations have put a lid on Macau's explosive growth.

Soft numbers like these won't provide much relief for the biggest Las Vegas gaming companies. Macau focused Wynn Resorts has taken the biggest hit with their stock down about 40% in the past year. Las Vegas Sands has fallen 30% in the same period, while Vegas focused MGM is down 16%.