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Analysts: Locals Casino Companies Poised to Outperform Strip Properties
CBRE and Gimme Credit analysts predict strong performance for Las Vegas locals market in 2026-2027.
Jan. 28, 2026 at 8:15am
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Two gaming industry analysts, John DeCree of CBRE and Kim Noland of Gimme Credit, have issued reports concluding that the Las Vegas locals casino market will continue to outperform Strip properties in 2026 and 2027. They cite factors like reinvestment by major operators, tax cuts from the One Big Beautiful Bill Act, and the locals market's tendency to better weather economic downturns.
Why it matters
The analysts' predictions suggest the Las Vegas locals casino market remains a strong and resilient segment of the gaming industry, even as the Strip faces potential headwinds. This has implications for casino operators, investors, and the broader Las Vegas economy.
The details
DeCree and Noland both point to specific factors driving the locals market's projected outperformance. DeCree notes major operators like Boyd Gaming and Red Rock Resorts have been reinvesting in their properties, while the One Big Beautiful Bill Act's tax cuts will benefit tipped employees and retirees in Las Vegas. Noland highlights Red Rock's expansion at its Durango property as a key economic driver. The analysts also say the locals market has historically weathered recessions better than the Strip.
- The analysts' reports were issued on January 28, 2026.
The players
John DeCree
Director of equity research for CBRE Group Inc., a Las Vegas-based real estate and investment firm.
Kim Noland
Analyst at Gimme Credit LLC, a Westchester County, New York-based credit research firm.
Boyd Gaming Corp.
A major casino operator with a strong presence in the Las Vegas locals market.
Red Rock Resorts
A casino company that owns several properties catering to the Las Vegas locals market, including the popular new Durango casino.
Golden Entertainment Inc.
A Las Vegas-based casino company with a strong locals market presence, including the Arizona Charlie's properties.
What they’re saying
“Although comparisons get more difficult for the locals market in 2026, there are still several catalysts on the horizon that should fuel moderate growth, including tax cuts under the One Big Beautiful Bill Act and recent capital reinvestment from major operators such as Boyd Gaming Corp. and Red Rock Resorts.”
— John DeCree, Director of equity research (CBRE Group Inc.)
“The company owns seven major locations and 12 smaller properties, and its profit growth recently has been driven by its popular new casino Durango as well as upgrades at Green Valley Ranch and Sunset Station expected to be completed this year.”
— Kim Noland, Analyst (Gimme Credit LLC)
What’s next
The analysts' predictions suggest the Las Vegas locals casino market will continue to be an area of focus and investment for major operators in the coming years.
The takeaway
The resilience and growth potential of the Las Vegas locals casino market, as highlighted by these analyst reports, underscores the diversification and evolution of the broader gaming industry in the region beyond just the Strip properties.
