Las Vegas Strip gaming revenue is up 5% over the past year and it looks like a recovery is under way. If the U.S. economy picks up steam and confidence returns to consumers, we should see steady growth for the next few years as well.
MGM Resorts (NYSE: MGM ) and Caesars Entertainment (NASDAQ: CZR ) need the increased revenue to reduce debt loads that are abnormally high. But the biggest need for increased revenue may come from the north side of the strip, where Wynn Resorts (NASDAQ: WYNN ) and Las Vegas Sands (NYSE: LVS ) are expecting Genting Group to build Resorts World Las Vegas. The single resort could eat up all of the area's growth by 2017, presenting a challenge for all gaming companies.
Erin Miller sat down with contributor Travis Hoium to discuss the upside and risk of growth in Las Vegas.
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