According to a Wall Street analyst, Caesars Entertainment will show a better hold than its peers on the Las Vegas Strip when it releases results next Tuesday. Unlike it’s competitors, however, Caesars will come in below consensus.Deutsche Bank’s Carlo Santatelli advised investors not to get carried
The Durango Casino & Resort that opened in December 2023 helped boost Red Rock Resort’s fourth-quarter revenue and adjusted earnings as part of a trend for the entire calendar year, the company reported Tuesday.Net revenue from Las Vegas operations was $492.6 million for the fourth quarter of 20
The Las Vegas locals gaming market is expected to see modest growth in 2025, as operators face headwinds from softer same-store revenue trends and rising operational costs, according to a year-end analysis by Deutsche Bank. Gaming revenue is anticipated to grow at a favorable cadence, said Deutsche
Resorts World Las Vegas (RWLV),Genting Berhad's US flagship casino property, reported its weakest quarterly performance in two years during the third quarter of 2024. Revenue dropped to $177 million, a notable decline from $218 million in the previous quarter, while EBITDA shrank to $16 million from
Between the expansion at the Durango Casino & Resort in Las Vegas and renovations at other properties, Red Rock Resorts has hundreds of millions of dollars in its development pipeline.For the full year of 2024, not including the spending to close out the $800 million Durango resort that opened i
Wynn Resorts reported slight gains in revenue and a slight loss in adjusted earnings in its third-quarter results on Monday.Operating revenues were $1.69 billion for the third quarter, an increase of $21.4 million from $1.67 billion for the third quarter of 2023.Adjusted property EBITDAR was $527.7
Third quarter earnings season for the gaming industry kicks off in earnest Wednesday when Las Vegas Sands reports what’s happening in Macau and Singapore, while Boyd Gaming on Thursday gives the first glimpses of its Las Vegas locals’ properties and U.S. regional markets.Shaun Kelley, an analyst wit
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