LAS VEGAS ( TheStreet) -- Nevada gaming revenues posted their first gain in nearly two years in November.

Gaming revenue in the state climbed 4% to reach $873.2 million during the month. On the Las Vegas Strip, revenue also climbed 8.3% to $473.8 million.

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

All of this 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), which have a significant chunk of their operations in the state.

In fact, last night Goldman Sachs upgraded MGM to buy from neutral, expecting Las Vegas to get "less bad" over the next several quarters.

Still, other areas of the country have not been as lucky. Atlantic City saw its gaming revenue topple 9.9% in December, Illinois was down 5.1% and Missouri reported a 1.6% decrease during the same month.

-- Reported by Jeanine Poggi in New York.

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