Is Nevada Still the Top Dog in Gaming? - TheStreet

NEW YORK (

TheStreet

) -- The gaming industry got a shot of optimism this week as Nevada gaming revenues tallied their first gain in nearly two years.

On Tuesday, the Gaming Control Board reported a 4% jump to $873.2 million in November. On the Las Vegas Strip, revenue also climbed 8.3% to $473.8 million.

In the locals market, gaming revenues were up 19% on the Boulder Strip and 21% in North Las Vegas during the month.

All of which bodes well for

Boyd Gaming

(BYD) - Get Report

,

Las Vegas Sands

(LVS) - Get Report

,

Wynn Resorts

(WYNN) - Get Report

and

MGM Mirage

(MGM) - Get Report

, each of which has significant operations in the gambling hub.

Other areas of the country, however, haven't experienced the same boost: Atlantic City saw its gaming revenue topple 9.9% in December, while Illinois was down 5.1% and Missouri reported a 1.6% decrease during the same month.

Nonetheless, it is undeniable that other markets -- in the U.S. and globally -- are becoming more significant to the gaming sector.

Pennsylvania, for one, has attracted a bevy of attention after the state legalized table games last week.

Penn National Gaming

(PENN) - Get Report

stands to be one of the biggest beneficiaries of this news, with operations in eastern Pennsylvania.

Recently, West Virginia also won the approval to allow table games in casinos. Similar legislation is pending in Ohio and Kansas City.

Missouri and Colorado markets, meanwhile, received a lift last year from the easing of game restrictions. Delaware is also expanding gaming, while Maryland recently legalized gaming and is getting closer to implementation.

Outside of the U.S. Macau has been a focal point, as gaming revenue in Macau soared 48% in December.

Then there's Singapore, which is receiving renewed attention as Las Vegas Sands opens its first casino in the area at the beginning of the year.

All of which begs us to ask: Is the Nevada gaming market is becoming less relevant? Take the poll below to learn the consensus of TheStreet -- and feel free to leave a comment, to sway the world of investors to your way of thinking.

-- Reported by Jeanine Poggi in New York.

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