Here are a few interesting numbers for the Nevada report:
- Total slot machine revenue from The Strip represented about 44% of the state’s win at Strip casinos.
- Penny slots provide more than 3x the revenue of dollar machines at Strip casinos.
- Slot machines provided about 63% of statewide revenue in the fiscal year.
- Bingo revenue grew by nearly 32% statewide in the fiscal year.
The consensus current quarter EPS estimate for MGM Resorts International (NYSE: MGM) calls for a loss of -$0.16 on revenue that is essentially flat with the same period a year ago. At Ceasars Entertainment Corp. (NASDAQ: CZR) an expected second-quarter EPS loss of -$0.94 at Ceasars came in at -$1.93 on Monday. Wynn Resorts Ltd. (NASDAQ: WYNN) missed second-quarter EPS by -$0.11 and the consensus estimate for the current quarter has been reduced by $0.17 in the past three months. Las Vegas Sands Corp. (NYSE: LVS) also fell short of a consensus EPS estimate of $0.62 in the second quarter.
MGM shares are down -1.6% at $9.66 in a 52-week range of $7.40-$14.94. Wynn shares are off -0.9% at $101.77 in a 52-week range of $90.11-$161.33. Las Vegas Sands’ shares are off -0.4% at $39.85 in a 52-week range of $34.72-$62.09.
Ceasars stock is up more than 2% at $8.18 in a 52-week range of 7.98-$17.90, for reasons impossible to fathom.
The Gaming Control Board’s full report is available here.
Paul Ausick
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