Bust: Vegas Casino Revenues Fall

The Nevada Gaming Control Board has released its official report for the month of August, and the numbers were not good for major Las Vegas casino-owning companies like MGM Resorts (NYSE:MGM), Wynn Resorts (NASDAQ:WYNN), and Las Vegas Sands (NYSE:LVS).

The report, which can be found here, shows gaming wins for Las Vegas casinos of $490.94 million for the month, a total that is down 1.2 percent from the same month last year. Across all of Nevada, casino revenue dipped 3.1 percent from the year before.

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Investors in the companies listed above, as well as in Penn National Gaming (NASDAQ:PENN), Caesars Entertainment (NASDAQ:CZR), and Boyd Gaming (NYSE:BYD), would be wise to keep an eye on casino revenues in the event this downward trend continues.

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