Macquarie analyst Chad Beynon says the Las Vegas Strip generated revenue of $821M in November, the third highest gross gaming revenue total ever and new record for November. The firm expects Vegas segments to beat expectations in Q4 by mid-single digits, driven by both strong RevPar and gaming revenue growth. MGM Resorts (MGM) and Caesars (CZR) remain Macquarie’ top picks with Vegas exposure.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MGM:
- Casino Stocks Mostly Up after Year-End Reports
- Bet On It: Brazil sports betting legislation awaits President’s signature
- BetMGM, NHL announce multi-year North American partnership extension
- Entain Shares Gain 4% on Rating Upgrade
- Bet On It: ESPN Bet absorbs GGR, but DraftKings does not forsee immediate impact