Americas Gaming: Missouri (MO) -3% y/y GGR in August

Research evidence excerpt

Equity Research

10 September 2026 | 4:23PM EDT

Americas Gaming: Missouri (MO) -3% y/y GGR in August

Bottom Line. Most states have now reported for July, which is tracking +1% y/y (-3%

y/y same-store) vs. 4%/2% for May and June respectively. Today’s update from

Missouri was the latest to report for August. Missouri’s GGR declined -3% y/y in

August (vs. +5% y/y in July and +1% y/y in 3QTD). More broadly, we note the

following trends within our coverage:

n

CZR: For states where CZR has regional properties, 4 out of 11 states have

reported August results, with GGR tracking -4% y/y in August-to-date and +2%

y/y in 3QTD. In Missouri, Horseshoe St. Louis and Harrah’s North KC declined -9%

Lizzie Dove

Goldman Sachs & Co. LLC

Joey Gaebler

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Goldman Sachs & Co. LLC

Nina Flinn

Goldman Sachs & Co. LLC

y/y (vs. +1% y/y in July and -4% y/y in 3QTD) and -7% y/y (vs. +8% y/y in July and

+0% y/y in 3QTD), respectively. Isle of Capri Boonville grew +1% y/y (vs. +1% y/y

in July and +1% y/y in 3QTD).

n

PENN: For states where PENN has regional properties, 4 out of 13 states have

reported August results so far, with GGR tracking approximately +6% y/y in

August-to-date and +9% y/y in 3QTD. In Missouri, Hollywood Casino St. Louis,

Argosy Riverside, and River City declined -7% y/y (vs. +5% y/y in July and -1% y/y

in 3QTD), -3% y/y (vs. +6% y/y in July and +1% y/y in 3QTD), and -2% y/y (vs.

+10% y/y in July and +3% y/y in 3QTD), respectively

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BYD: For states where BYD has regional properties, 3 out of 9 states has reported

August results so far, with GGR tracking -1% y/y in August-to-date and +3% y/y

in 3QTD. In Missouri, Ameristar St. Charles declined -3% y/y (vs. +6% y/y in July

and +2% y/y in 3QTD), while Ameristar Kansas City grew +1% y/y (vs. +7% y/y in

July and +4% y/y in 3QTD), respectively.

n

MGM: For states where MGM has regional properties, 1 out of 5 states has

reported August results, with GGR tracking -5% y/y in August-to-date and -2%

y/y in 3QTD.

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