Vegas Casino Stocks Fall On Weak Gambling Revenue
Posted on March 08, 2013 at 13:25 PM EST
Shares of Las Vegas Sands (LVS), MGM Resorts International (MGM) and other top Las Vegas casinos were down early Friday after Nevada gambling officials said statewide gambling revenue fell 12.4% in January, plunging 18.8% on the Strip, compared with January 2012. The Gaming Control Board said Sands, MGM, Wynn Resorts (WYNN), Caesars Entertainment (CZR) and others collectively took in $909.2 million for the month, down from $1.04 billion a year