HomeInvestingEarningsCZR, MGM, GDEN: Bullish On Further Vegas Growth

CZR, MGM, GDEN: Bullish On Further Vegas Growth

The Vegas strip generated revenue of $835M in July, notes Chad Beynon. He discusses what to watch for in Vegas casinos. He talks about how slot revenues remain a bright spot accelerating to 8% year-over-year. He then goes over the impact of Vegas floods on earnings. He highlights that he’s bullish on further Vegas growth and increasing their 3Q GGR forecast to +0% year-over-year. He assesses growth catalysts for Vegas traffic. Macquarie has an outperform rating on CZR, MGM, GDEN, ACEL, VICI, and CNTY. Tune in to find out more about the stock market today.

Market On Close

05 Sep 2023

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