Saturday, August 01, 2015

July 2015 Las Vegas Stock Recap

With the calendar now showing August 2015, let's take a look back and see how Las Vegas stocks did in the month of July.

Boyd Gaming increased by almost 15 percent as the company reported strong second quarter earnings.

MGM Resorts International had a very eventful July. They first sold Circus Circus Reno and Silver Legacy to Eldorado Resorts. Then came the news that showtimes were being cut at the Mirage Volcano. The bombshell came when it was reported The Mirage was sold to Starwood Capital. All of this resulted in a 7.5 percent increase to the stock price. It should get even more interesting when MGM reports earnings next week.

Las Vegas Sands reported strong Las Vegas trends in the face of a stabilizing Macau market.

Wynn Resorts stock was up almost five percent on their second quarter earnings report. The earnings conference call got interesting as Steve Wynn talked about lowering craps odds to 2X.

Penn National had another good month, up almost four percent. Along with reporting strong earnings, Penn has plans for the Tropicana which could include the potential for a new hotel tower in the future.

July was a roller coaster ride for Caesars Entertainment. The month started out with Gary Loveman officially being replaced as CEO by Mark Frissora. Later in the month the company's stock jumped up 22% in one day on positive bankruptcy news only to fall 40% the very next day on negative news. The end result was the stock down fifteen percent in July. Next week could be even more volatile as Caesars reports earnings and Frissora has his first conference call.

CompanySymbolStartEndChange
BoydBYD14.9517.09+14.31%
MGMMGM18.2519.62+7.51%
SandsLVS52.5756.04+6.6%
WynnWYNN98.67103.23+4.62%
PennPENN18.3519.08+3.98%
CaesarsCZR6.125.21-14.87%