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.