Las Vegas Sees Strong Gaming Revenue in August Fueled by Surge in Baccarat and Sportsbook Activity
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Gaming Win Increase: In August, gaming win on the Las Vegas Strip rose 5.5% year-over-year to $679.4 million, contributing to a statewide increase of 5.5% to $1.23 billion, despite overall tourism trends being soft.
Sector Performance: Slot machine revenue increased by 2.2%, while table games saw a significant rise of 12.6%, with baccarat revenue soaring 55%, and sportsbooks experiencing a 68% increase in revenue due to early football betting.
Analyst Views on BJK
Wall Street analysts forecast BJK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BJK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.080
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Current: 39.080
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
