Equity Research on Las Vegas Sands Corp. and Boyd Gaming Corp. - Resorts and Casinos Looking to Expand Outside of Nevada
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/16/12 -- While Las Vegas continues to draw a crowd, gambling revenue in the State of Nevada has declined recently, which does not bode well for companies such as Las Vegas Sands Corp. and Boyd Gaming Corporation. The Nevada Gaming Control Board recently released sales figures for the month of August, revealing that gambling revenue dropped by over 3%.
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With Nevada posing some challenges, several companies have been taking steps to expand their operations in other states. Boyd newly moved one step closer to its expansion goals, as the Iowa Racing and Gaming Commission approved its proposed acquisition of Peninsula Gaming LLC. The company still needs regulatory approval in Kansas and Louisiana where Peninsula has additional casinos. report is accessible for free by registering today at
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Expansion overseas is also being conducted, as companies look for ways to grow their profits. Las Vegas Sands has been active in this regard, as it recently announced that it has selected Madrid, Spain as its preferred spot to open an integrated resort development in Europe. The company also has ongoing expansion efforts in Macao, China. report is accessible for free by registering today at
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Datum: 16.10.2012 - 12:00 Uhr
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