Tuesday, September 01, 2015

August 2015 Las Vegas Stock Recap

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

Caesars Entertainment was the big winner in August soaring an incredible 83.3%. They had a strong earnings report combined with some positive bankruptcy news. Caesars stock is highly speculative given their possible bankruptcy, but those willing to gamble reaped the rewards in August.

MGM Resorts International also reported solid earnings, and their stock was up on the news that they are strongly considering a REIT conversion.

Penn National officially became the owners of the Tropicana, but their stock was down slightly in August. Fellow regional player Boyd Gaming was also down.

Las Vegas Sands and Wynn Resorts both declined significantly in August as they were affected by the Chinese stock market.