Hudson Securities Discusses Las Vegas Room Rates (LVS, MGM, WYNN)

Hudson Securities is out with a research note on Las Vegas room rates. This affects casino stocks, such as Las Vegas Sands LVS, Wynn WYNN and MGM MGM. In a note to investors, Hudson writes, "“Event-Driven” continues to be the buzzword in Las Vegas. On a weak convention calendar and big fight weekend we saw soft mid-week rates and decent weekend rates. Last week's reports of February Strip gaming revenues and visitation trends supports this view as well. February results were weak compared to January, reflecting January's busier event calendar. We're also seeing typical seasonality trends as we get closer to the summer as June asking rates generally have been set below where April and May are running."