Shares of the casino operators with significant exposure to the Las Vegas locals market were mixed in 2024 and more of the same could be in store this year as the segment is expected to notch slight growth. Boulder Station Casino in Las Vegas. An analyst said Las Vegas locals casinos could post tepid growth in 2025. (Image: Las Vegas Review-Journal) That’s the take of Deutsche Bank analyst Carlo Santarelli, who in a new report to clients called 2024 “an interesting year” for the Las Vegas locals space. For Boyd Gaming (NYSE: BYD) and Golden Entertainment (NASDAQ: GDEN), the big 2024 test was the ascent of Red Rock Resorts’ (NASDAQ: RRR) Durango Casino & Resort in Southwest Las Vegas. Durgano, which opened in December 2023, is believed to have taken some business from not only Boyd and Golden venues, but Red Rock’s namesake casino hotel as well while stoking elevated promotional activity among smaller independent casinos that target locals. While… Read More
Category: Commercial Gaming, Financial, Las Vegas, commercial gaming
Source: Casino.org
