Casino revenue falls in Nevada
The results mark the second consecutive month of a revenue decrease in the state.
US.- According to a report released by the Nevada Gaming Control Board (NGCB) , gambling revenue decreased for a second consecutive month in August. The results are in line with what some operators had projected for the quarter.
The report shows that casinos in the state collected US$913 million from gamblers in August, which represents a 7.7% decrease when compared to the same period in 2017. The monthly revenue is the lowest that has been reported this calendar year.
Senior board analyst Michael Lawton said that the NGCB was disappointed with the results but not surprised as casinos faced a difficult comparison with August 2017, which had one of the most impressive months as it included a fight between Floyd Mayweather Jr. and Conor McGregor in Vegas. “People called it the fight of the century, and it was a pretty big draw and it drove a lot of those gaming numbers for last August,” Lawton said, according to The State. “We didn’t have an event this August that was anywhere near replicating something of that magnitude. We knew going in this was going to be a tough month for us.”
Casinos located on the Strip totalled revenue of US$477.9 million, down 12.4% from the same month last year, while the number of visitors was almost the same and remained flat. Moreover, facilities located in downtown Las Vegas experienced a 4.8% decrease in revenue to US$46.2 million.
