Casinos & Gaming
Casinos & Gaming is losing market weight. Lost weight for 4 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 100% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Mar 2020 – Feb 2025 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| Las Vegas Sands → LVS | Casinos & Gaming | United States | 0.072% | -0.046 pp | -16.4% | 0.0 |
| MGM Resorts → MGM | Casinos & Gaming | United States | 0.022% | -0.017 pp | -19.7% | 0.0 |
| Wynn Resorts → WYNN | Casinos & Gaming | United States | 0.021% | -0.013 pp | -14.1% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Feb 2025 | 0.115% | -0.003 pp | -0.018 pp | -0.003 pp | -0.076 pp | -27.6% |
| Jan 2025 | 0.118% | -0.011 pp | -0.021 pp | +0.026 pp | -0.069 pp | -24.4% |
| Dec 2024 | 0.129% | -0.004 pp | -0.009 pp | +0.023 pp | -0.059 pp | -16.8% |
| Nov 2024 | 0.133% | -0.006 pp | +0.015 pp | +0.024 pp | -0.049 pp | -11.5% |
| Oct 2024 | 0.139% | +0.000 pp | +0.047 pp | -0.023 pp | -0.060 pp | -16.7% |
| Sep 2024 | 0.139% | +0.021 pp | +0.032 pp | -0.043 pp | -0.057 pp | -16.9% |
| Aug 2024 | 0.118% | +0.025 pp | +0.009 pp | -0.074 pp | -0.102 pp | -38.5% |
| Jul 2024 | 0.092% | -0.014 pp | -0.070 pp | -0.095 pp | -0.075 pp | -37.8% |
| Jun 2024 | 0.107% | -0.002 pp | -0.075 pp | -0.082 pp | -0.061 pp | -29.8% |
| May 2024 | 0.109% | -0.053 pp | -0.083 pp | -0.073 pp | -0.059 pp | -27.8% |
| Apr 2024 | 0.162% | -0.020 pp | -0.025 pp | -0.037 pp | -0.103 pp | -35.4% |
| Mar 2024 | 0.182% | -0.009 pp | -0.007 pp | -0.014 pp | -0.068 pp | -23.4% |
| Feb 2024 | 0.191% | +0.004 pp | +0.010 pp | -0.028 pp | -0.063 pp | -21.0% |
| Jan 2024 | 0.187% | -0.001 pp | -0.012 pp | +0.020 pp | -0.062 pp | -21.7% |
| Dec 2023 | 0.188% | +0.007 pp | -0.007 pp | +0.021 pp | -0.024 pp | -9.5% |
| Nov 2023 | 0.182% | -0.017 pp | -0.038 pp | +0.015 pp | -0.020 pp | -9.0% |
| Oct 2023 | 0.199% | +0.004 pp | +0.032 pp | -0.066 pp | +0.021 pp | +8.1% |
| Sep 2023 | 0.195% | -0.024 pp | +0.028 pp | -0.055 pp | +0.009 pp | +4.7% |
| Aug 2023 | 0.220% | +0.053 pp | +0.052 pp | -0.035 pp | +0.046 pp | +27.9% |
| Jul 2023 | 0.167% | -0.000 pp | -0.098 pp | -0.082 pp | -0.005 pp | +41.5% |
| Jun 2023 | 0.167% | +0.000 pp | -0.083 pp | -0.045 pp | -0.006 pp | +45.3% |
| May 2023 | 0.167% | -0.098 pp | -0.087 pp | -0.035 pp | -0.012 pp | +40.5% |
| Apr 2023 | 0.265% | +0.016 pp | +0.017 pp | +0.087 pp | +0.073 pp | +50.4% |
| Mar 2023 | 0.250% | -0.004 pp | +0.037 pp | +0.063 pp | +0.057 pp | +43.8% |
| Feb 2023 | 0.254% | +0.005 pp | +0.053 pp | +0.081 pp | +0.038 pp | +32.7% |
| Jan 2023 | 0.249% | +0.036 pp | +0.070 pp | +0.077 pp | +0.036 pp | +32.6% |
| Dec 2022 | 0.213% | +0.011 pp | +0.026 pp | +0.039 pp | +0.022 pp | +28.7% |
| Nov 2022 | 0.202% | +0.023 pp | +0.028 pp | +0.023 pp | +0.015 pp | +28.8% |
| Oct 2022 | 0.178% | -0.008 pp | +0.006 pp | -0.014 pp | -0.031 pp | +6.6% |
| Sep 2022 | 0.187% | +0.013 pp | +0.013 pp | -0.006 pp | -0.019 pp | +8.9% |
| Aug 2022 | 0.173% | +0.001 pp | -0.005 pp | -0.042 pp | -0.048 pp | -7.3% |
| Jul 2022 | 0.172% | -0.001 pp | -0.020 pp | -0.041 pp | -0.041 pp | -6.0% |
| Jun 2022 | 0.173% | -0.005 pp | -0.020 pp | -0.018 pp | -0.092 pp | -26.8% |
| May 2022 | 0.179% | -0.014 pp | -0.037 pp | -0.007 pp | -0.109 pp | -30.7% |
| Apr 2022 | 0.193% | -0.000 pp | -0.021 pp | -0.017 pp | -0.104 pp | -28.2% |
| Mar 2022 | 0.193% | -0.023 pp | +0.002 pp | -0.013 pp | +0.037 pp | -30.0% |
| Feb 2022 | 0.216% | +0.003 pp | +0.030 pp | -0.006 pp | +0.052 pp | -26.6% |
| Jan 2022 | 0.213% | +0.022 pp | +0.004 pp | +0.000 pp | +0.066 pp | -9.0% |
| Dec 2021 | 0.191% | +0.005 pp | -0.015 pp | -0.075 pp | -0.105 pp | -31.1% |
| Nov 2021 | 0.186% | -0.023 pp | -0.036 pp | -0.102 pp | -0.100 pp | -31.3% |
| Oct 2021 | 0.210% | +0.004 pp | -0.003 pp | -0.087 pp | -0.049 pp | -16.5% |
| Sep 2021 | 0.206% | -0.016 pp | -0.060 pp | +0.050 pp | +0.205 pp | -15.2% |
| Aug 2021 | 0.222% | +0.009 pp | -0.066 pp | +0.059 pp | +0.222 pp | -13.4% |
| Jul 2021 | 0.213% | -0.053 pp | -0.083 pp | +0.066 pp | +0.213 pp | -6.2% |
| Jun 2021 | 0.266% | -0.022 pp | +0.110 pp | -0.031 pp | +0.266 pp | +4.6% |
| May 2021 | 0.288% | -0.008 pp | +0.125 pp | +0.002 pp | +0.288 pp | +3.8% |
| Apr 2021 | 0.296% | +0.141 pp | +0.149 pp | +0.038 pp | -0.007 pp | +1.5% |
| Mar 2021 | 0.156% | -0.008 pp | -0.141 pp | +0.156 pp | +0.156 pp | +13.7% |
| Feb 2021 | 0.163% | +0.016 pp | -0.123 pp | +0.163 pp | +0.163 pp | -7.8% |
| Jan 2021 | 0.147% | -0.149 pp | -0.111 pp | +0.147 pp | -0.246 pp | -32.5% |
| Dec 2020 | 0.297% | +0.010 pp | +0.296 pp | +0.296 pp | -0.121 pp | -23.9% |
| Nov 2020 | 0.286% | +0.027 pp | +0.286 pp | +0.286 pp | -0.105 pp | -21.8% |
| Oct 2020 | 0.259% | +0.259 pp | +0.259 pp | -0.044 pp | -0.134 pp | -28.3% |
| Sep 2020 | 0.000% | -0.000 pp | -0.000 pp | +0.000 pp | -0.139 pp | -27.9% |
| Aug 2020 | 0.000% | +0.000 pp | -0.000 pp | +0.000 pp | -0.144 pp | -25.9% |
| Jul 2020 | 0.000% | -0.000 pp | -0.303 pp | -0.393 pp | -0.160 pp | -40.2% |
| Jun 2020 | 0.000% | -0.000 pp | +0.000 pp | -0.417 pp | -0.154 pp | -31.2% |
| May 2020 | 0.000% | -0.303 pp | +0.000 pp | -0.391 pp | -0.145 pp | -18.7% |
| Apr 2020 | 0.303% | +0.303 pp | -0.090 pp | -0.090 pp | +0.137 pp | -23.7% |
| Mar 2020 | 0.000% | -0.000 pp | -0.417 pp | -0.139 pp | -0.153 pp | -24.9% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.