Revenue up in Las Vegas

For a while, the online casino industry has been leading the land based casinos in revenue, even in Las Vegas. It seems like Las Vegas has finally seen a turn around in their revenue in the past couple of weeks. The casino companies that are fixtures on the Las Vegas Strip have performed well for the first time in many weeks. The stock market showed a strong performance by these companies who have not seen great times in the recent recession. The famous Las Vegas Sands was the casino resort that lead the board with the most impressive jump in stock price by ending the day at $7.40. That means that Las Vegas Sands went up 11.28 percent. Earlier in the week that same hotel and casino resort’s stock had gone down all the way to $6.40. That is why the online casinos have out shone the land based casino industry, mostly by default.

The other resorts on the Las Vegas Strip that had a significant increase in their stock value were the Wynn Resorts and the MGM Mirage. The Wynn Resorts came in second place in the stock race and they jumped by 8 percent last Thursday. For anyone that has been trying to invest in the gaming industry that does not involve the online casino industry, the Wynn Resorts stock has been the most consistent stock in the gaming industry. MGM Mirage performed well too and they jumped 5.98 percent this week per share. The previous month meant an 8.34 percent drop in revenue for Las Vegas casinos. The casinos have not been pulling the numbers that are wanted by their owners, but it is much better than the previous months and their double digit negatives. It looks like people are leaving online casinos and making the trip out to Las Vegas.