Nevada's July Gaming Win Rises 3.99% to $1.36B, Las Vegas Strip Sees 5.60% Increase

Nevada reported a 3.99% increase in statewide gaming win to $1.36B in July. Las Vegas Strip gaming win rose 5.60% to $749.08M. Publicly traded companies in the gambling space include Boyd Gaming, Caesars, Churchill Downs, DraftKings, Flutter Entertainment, Gan Limited, Genius Sports, Las Vegas Sands, MGM Resorts, Penn Entertainment, Rush Street Interactive, Sportradar, and Wynn Resorts.

Nevada reported a significant 3.99% increase in statewide gaming win to $1.36 billion in July, with Las Vegas Strip gaming win rising by 5.60% to $749.08 million [1]. This robust performance highlights the resilience and growth potential of the Nevada gaming industry. The publicly traded companies in this space, including Boyd Gaming, Caesars, Churchill Downs, DraftKings, Flutter Entertainment, Gan Limited, Genius Sports, Las Vegas Sands, MGM Resorts, Penn Entertainment, Rush Street Interactive, Sportradar, and Wynn Resorts, are pivotal players in this sector.

Analysts have shown varying levels of optimism and caution regarding these companies. Raymond James Financial recently raised their Q3 2025 EPS estimate for Franco-Nevada (NYSE: FNV) to $1.52, up from $1.40, with an "Outperform" rating and a price target of $188.00 [1]. Other analysts have also adjusted their ratings and price targets for various companies in the sector. For example, Royal Bank of Canada boosted their price objective on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating [1].

Las Vegas Sands Corp. (NYSE: LVS) also saw notable changes in analyst sentiment. Candriam S.C.A. reduced its stake in Las Vegas Sands by 19.1%, selling 4,792 shares and taking its total holdings to 20,354 shares valued at $786,000 [2]. Despite this reduction, other institutional investors have increased their stakes in the company. NewEdge Advisors LLC raised its holdings by 430.7%, First Trust Advisors LP by 674.0%, and MGO One Seven LLC by 5.3% during the fourth quarter [2]. Analysts from Bank of America, Mizuho, and Barclays have also adjusted their price targets and ratings for Las Vegas Sands, reflecting the diverse views on the company's prospects [2].

The Nevada gaming industry's strong performance in July, coupled with the varied analyst opinions, underscores the sector's dynamic nature. Investors should closely monitor these developments and consider the specific strategies and outlooks of individual companies to make informed investment decisions.

References

[1] https://www.marketbeat.com/instant-alerts/q3-eps-estimates-for-franco-nevada-increased-by-analyst-2025-08-25/
[2] https://www.marketbeat.com/instant-alerts/filing-candriam-sca-cuts-stake-in-las-vegas-sands-corp-lvs-2025-08-25/