Baccarat wins decrease in Las Vegas
The game experienced a significant decrease during November.
US.- According to the Nevada Gaming Control Board, Las Vegas Strip experienced a 23.2 percent decrease in November, compared to the same period in 2015, where it also went through a significant 14.3 percent fall year-on-year.
The state gaming control board said that Las Vegas Strip experienced a US$84.2 million win, along with an overall table game win decrease of 4.2 percent to US$259 million. The total gaming win was approximately US$517 million, a 3.5 percent fall from 2015. Furthermore, slot win was also 2.7 percent down to US$258 million win in November. Back in the same period in 2015, VIP baccarat generated US$110 million, a 14.3 percent decrease from 2014.
According to Christopher Jones from the Buckingham Research Group Inc, the city is going through a decline due to a 116 basis points negative swing in hold rate to 12.6 percent. Without the baccarat loss, table games and slots revenues experienced a 1.6 percent growth year-on-year.
