Vegas has seen almost 22M visitors in the seven months through July, a 2.3% boost over the previous year, although convention attendance fell 1.4%. And less visitors are flying to Vegas, as passenger traffic at McCarran Intl. Airport was down 2.4%.
The Friday flurry of good news prompted a spike in the fortunes of Vegas-related stocks. MGM Resorts was up almost 9%, Las Vegas Sands was up 4%, and both Wynn Resorts and Boyd Gaming were up 5%.
Overall, state-wide revenues in August were up 11.5%, which is good news for the state government, which will reap 24.4% more taxes as a result. So will these ‘green shoots’ of growth be enough of a boost to allow Sen. Harry Reid to keep his job come November?