Pursuits

MGM, Wynn Jump as Las Vegas Strip Gambling Rises 21%

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By Beth Jinks

October 8, 2010 at 8:13 PM UTC

This article is for subscribers only.

Shares of MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd. rose after Las Vegas Strip gambling revenue jumped 21 percent in August, showing the biggest U.S. casino city is emerging from a record slump.

Revenue rose to $544.4 million from $449.6 million in the same month a year earlier, Nevada’s Gaming Control Board said today in an e-mail. Strip casino proceeds increased 4.5 percent in the first eight months of this year.