A Positive Trend for Las Vegas
Aug 24th 2013 4:00PM
Updated Aug 24th 2013 4:02PM
In the following video, Fool contributor Matt Thalman looks at the trend of rising hotel room rates, occupancy rates, and revenue per available room for the Las Vegas casinos is increasing, even though gambling revenues are either flat to moving lower. Tourists appear to still want to go to Sin City for a few days and have fun, even if that fun doesn't include gambling. And that means that while the major casino operators may not be raking in the cash from their Las Vegas properties, those locations shouldn't be as much of a drag on the operators' performance as they have been in the past few years.
Check out the video for more details.
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The article A Positive Trend for Las Vegas originally appeared on Fool.com.Fool contributor Matt Thalman owns shares of MGM Resorts International and Las Vegas Sands. Check back Monday through Friday as Matt explains what caused the Dow's winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.