Wednesday, July 01, 2015

June 2015 Las Vegas Stock Recap

With the calendar now showing July 2015, let's take a look back and see how Las Vegas stocks did in the month of June.

Penn National had a good month, up 10%. The Tropicana's new owners experienced strong regional gaming, especially at their new Massachusetts property.

Boyd experienced a slight uptick as the Las Vegas locals market shows some signs of improvement.

Las Vegas Sands was up slightly despite an uncertain Macau market, which sent Wynn Resorts down slightly.

MGM Resorts International dropped almost 9%, in part because of the death of Kirk Kerkorian, and the news that his estate will be selling off their stake in the company.

The big loser in June was Caesars Entertainment, down almost 35% on bankruptcy fears.