MGM MGM Resorts International

Gambling revenue in Nevada fell a bit more than 3% to $859.2 million in August, according to figures released Wednesday by the Nevada Gaming Control Board. On the Las Vegas Strip, which accounts for more than half the statewide total, revenue slipped 1.2% to $490.9 million, with the take from slot machines off 9% and table games up 7.6% on the back of solid baccarat volume. "We believe these results are consistent with investor expectations of relatively soft summer spend trends on the Strip, as evidenced by our weekly room rate survey," said Joe Greff of J.P. Morgan. "At the end of the day, we believe these results point to a continued uneven recovery on the Las Vegas Strip, which represents no change from prior and more recent views."

Write to William Spain at wspain@marketwatch.com

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