Las Vegas Strip Gaming Win Falls 11% in January
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy MGM?
Source: seekingalpha
- Gaming Win Decline: The Las Vegas Strip's gaming win fell 11.0% year-over-year in January to $747.7 million, indicating that pricing concerns and a sharp decline in international tourism are negatively impacting the gaming sector.
- Statewide Performance: Nevada's overall gaming win decreased by 6.6% year-over-year in January to $1.35 billion, highlighting ongoing challenges in the state's gaming market, particularly with the reduction in international visitors.
- Downtown Casino Trends: Downtown Las Vegas casinos experienced a 5.2% decline in gaming win to $79.4 million, reflecting weakness in the downtown market, although some areas like Reno reported growth in gaming revenue.
- Long-Term Outlook: For the fiscal year-to-date through January 2025, Nevada's gaming win has only increased by 0.7%, despite a favorable event calendar for conventions and tourism, suggesting a slow recovery and uncertain industry outlook.
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Analyst Views on MGM
Wall Street analysts forecast MGM stock price to rise
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 35.850
Low
29.00
Averages
40.31
High
56.00
Current: 35.850
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international locations featuring hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and a range of restaurant, nightlife and retail offerings. The Company’s segments include Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment consists of Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. The Regional Operations segment consists of MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which is primarily comprised of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Regulatory Role: He argues that the CFTC is not suited to regulate prediction markets as its primary focus is market oversight rather than consumer protection, potentially exposing consumers to risks in these markets.
- National Security Risks: Mulvaney warns that trading in prediction markets could leak classified information, posing a threat to U.S. national security if adversaries glean intelligence that could be used against the nation, necessitating investigation.
- Funding Transparency Issues: When asked about the funding sources for his newly formed coalition,
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Las Vegas Strip Gaming Win Falls 11% in January
- Gaming Win Decline: The Las Vegas Strip's gaming win fell 11.0% year-over-year in January to $747.7 million, indicating that pricing concerns and a sharp decline in international tourism are negatively impacting the gaming sector.
- Statewide Performance: Nevada's overall gaming win decreased by 6.6% year-over-year in January to $1.35 billion, highlighting ongoing challenges in the state's gaming market, particularly with the reduction in international visitors.
- Downtown Casino Trends: Downtown Las Vegas casinos experienced a 5.2% decline in gaming win to $79.4 million, reflecting weakness in the downtown market, although some areas like Reno reported growth in gaming revenue.
- Long-Term Outlook: For the fiscal year-to-date through January 2025, Nevada's gaming win has only increased by 0.7%, despite a favorable event calendar for conventions and tourism, suggesting a slow recovery and uncertain industry outlook.
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- Gambling vs. Investing: Mulvaney asserts that buying contracts on prediction markets is essentially gambling, emphasizing the need for increased scrutiny in light of betting activities prior to the Iran war, which could undermine investor confidence.
- Regulatory Role: He argues that the CFTC is not suited to regulate prediction markets as its primary focus is market oversight rather than consumer protection, potentially exposing consumers to risks in these markets.
- National Security Risks: Mulvaney warns that trading in prediction markets could leak classified information, posing a threat to U.S. national security if adversaries glean intelligence that could be used against the nation, necessitating investigation.
- Funding Transparency Issues: When asked about the funding sources for his newly formed coalition,
See More
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- Gaming Win Decline: The Las Vegas Strip's gaming win fell 11.0% year-over-year in January to $747.7 million, indicating that pricing concerns and a sharp decline in international tourism are negatively impacting the gaming sector.
- Statewide Performance: Nevada's overall gaming win decreased by 6.6% year-over-year in January to $1.35 billion, highlighting ongoing challenges in the state's gaming market, particularly with the reduction in international visitors.
- Downtown Casino Trends: Downtown Las Vegas casinos experienced a 5.2% decline in gaming win to $79.4 million, reflecting weakness in the downtown market, although some areas like Reno reported growth in gaming revenue.
- Long-Term Outlook: For the fiscal year-to-date through January 2025, Nevada's gaming win has only increased by 0.7%, despite a favorable event calendar for conventions and tourism, suggesting a slow recovery and uncertain industry outlook.
See More
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- Investment in Responsible Gaming Research: MGM and BetMGM have jointly committed $1 million, with $450,000 allocated to the International Center for Responsible Gaming for groundbreaking research that examines the impact of sports wagering on player behavior, thereby providing essential data for industry sustainability.
- Community Support Initiatives: In 2026, MGM and BetMGM will contribute over $850,000 to state and national organizations focused on problem gambling prevention and treatment, reinforcing their leadership in responsible gaming initiatives.
- GameSense Program Promotion: The companies will enhance responsible gaming messaging across casinos, sportsbooks, and digital platforms through their GameSense program, increasing employee awareness and ensuring players make informed decisions while enjoying their entertainment.
- Launch of New Campaign: MGM will introduce the “Earn More. Play Smart.” campaign this spring, integrating MGM Rewards with responsible gaming messaging to emphasize member responsibility, thereby enhancing customer safety and gaming experience.
See More
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- Research Investment: MGM and BetMGM have jointly committed $450,000 to the International Center for Responsible Gaming to fund groundbreaking research examining the impact of sports wagering on player behavior, thereby providing essential data to support long-term industry sustainability.
- Community Support: In 2026, MGM and BetMGM will contribute over $850,000 to state and national organizations focused on problem gambling prevention and treatment, further solidifying their leadership in responsible gaming initiatives.
- Employee Training: Through the GameSense program, MGM and BetMGM will train over 2,000 employees to enhance their ability to engage guests in responsible gaming conversations, thereby increasing customer safety and trust.
- New Campaign Launch: MGM will introduce a new campaign, “Earn More. Play Smart.” this spring, integrating MGM Rewards with responsible play messaging to emphasize member responsibility and enhance customer awareness and engagement in responsible gaming practices.
See More
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- Significant Dividend Growth: The company announced a quarterly cash dividend of $0.45 per share in Q3 2025, marking a 40% year-over-year increase, which not only far exceeds the average dividend yield of the S&P 500 but also reflects its ongoing ability to grow dividends, attracting more investor interest.
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- Market Competitive Advantage: Compared to competitor Gaming and Leisure Properties, Vici's funds from operations reached $732 million in the latest reported quarter, highlighting its leadership position in the market and enhancing its attractiveness as an investment target.
See More
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- Strong Profitability: As of Q3 2025, Vici reported revenues of $2.8 billion, a 4% increase year-over-year, while total operating expenses fell by 2.8%, demonstrating the company's excellent cost control and further solidifying its market position.
- Stable Growth Trajectory: Vici Properties has consistently raised its dividend for the past seven years, with the latest quarterly cash dividend announced at $0.45 per share, reflecting a 40% year-over-year increase, showcasing the company's commitment to shareholder returns.
- Market Competitiveness: Compared to competitor Gaming and Leisure Properties, Vici's funds from operations stand at $732 million, highlighting its strong competitive edge in the gambling-focused REIT sector, which further attracts investor interest.
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