While the storyline for Las Vegas is the decline in tourism and flat gaming revenues on the Strip after years of growth since the pandemic, the casinos that serve local residents continue to thrive.
Boyd Gaming and Red Rock Resorts, which dominate the locals’ gaming scene, were highlighted by John DeCree, director of equity research for CBRE, with Buy ratings and strong expectations going forward.
While Strip gaming revenue was down 6% in December, the neighborhood casinos saw a nearly 6% increase…