Nevada registers 4.3 pct increase in gaming revenue in August

The Strip’s 8.9% increase in gaming revenue during August operations helped Nevada improve its performance.

US.- The Nevada Gaming Control Board (NGCB) has released the financial report from August operations. The figures indicate that gaming revenue statewide improved 4.3% during last month’s operations in Nevada. This number was helped by the Strip’s performance.

Statewide win increased 4.3% to US$952.4 million, breaking a two-month streak in which the state posted more of US$1 billion in wins. However, this is the third straight month of wins after a five-month streak of consecutive declines.

The Strip’s performance drove these results, posting an 8.9% increase in revenues in August, with strong table and slot play.

Michael Lawton, senior research analyst for the NGCB, said: “This was the result of strong non-baccarat game and table play which benefited from increased volumes and significant increases to hold percentages,” Lawton said. “For the month, [blackjack] was up 29.2%, craps was up 67.3%, roulette was up 43.3% and sports were up 111%,” he added.

“Additionally, the Strip continued to see strong slot play, with a 5.2% increase in volume and a 1.6% increase in win,” Lawton said. “The Strip has only recorded one decrease in slot volume and win this calendar year. As a result of the last three month’s strong performance, the Strip is now in the black for the calendar year, up 0.1% and the state is up 0.7% calendar year to date.”

Visitation also improved in Southern Nevada, according to the Las Vegas Convention and Visitors Authority. The number increased 0.7% to US$3.58 million in August. Convention also improved 1.7% to 657.800.

Downtown Las Vegas’ performance

Revenue in Downtown Las Vegas decreased 1.9% in August to US$45.3 million. However, when considering the three-month streak of increases in Nevada, Downtown Las Vegas registered a 7.9% increase in win.