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Stock impact report

Las Vegas Strip casinos get sobering visitor news [Yahoo! Finance]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Yahoo! Finance
That's why 2022 was a record year for Las Vegas. "Total economic output related to visitor spending reached a record $79.3 billion in 2022, a 24.7% increase from the previous record set in 2019," according to a report from the Las Vegas Convention and Visitors Authority (LVCVA). "Following the disproportionate impacts suffered by tourist destinations like Las Vegas during the pandemic, Las Vegas demonstrated a strong rebound as a favorite location for pent up travel demand. Visitor spending in 2022 hit an all-time high of $44.9 billion , exceeding pre-pandemic levels. Total spending by visitors in 2022 outpaced the prior year by 24.4% and the 2019 total by 21.8%, " the LVCVA shared. Numbers remained strong through 2024, driven by events and conventions, but sentiments have been mixed about the future. Barry Jonas, an analyst at Truist Securities, shared that mid-week and lower-tier leisure travel has been soft at the end of 2025. “Commentary seems to be improving with a more Show less Read more
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