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Caesars, MGM, Others Grapple With a Shrunken Nevada Gambling Win for October

Rhian Hunt, The Motley Fool
·2-min read
Caesars, MGM, Others Grapple With a Shrunken Nevada Gambling Win for October

The coronavirus pandemic continues to affect the casino industry and big names within it, including Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM), with conditions in Nevada, the USA's biggest gambling destination, being particularly important. The Nevada Gaming Control Board released its "Monthly Win" report today, showing a total state gambling win of $822.7 million, down 19.5% year over year, for the month of October. Decreased gambling activity on the Strip affects the big casino companies most directly, with MGM Resorts alone operating 13 locations on the Strip.

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