Nevada casino revenue falls for 11th consecutive month
Nevada casinos revenues remain down year-on-year, with Las Vegas seeing the biggest impact.
US.- Nevada casinos saw an 11th consecutive month of year-on-year revenue decline in January, according to figures released by the Nevada Gaming Control Board.
The regulator reported that revenues fell 26.58 per cent when compared with the same period in 2020. Revenue for January 2021 came in at $761.85m in January 2021, compared to more than $1bn in January 2020.
However, January’s revenue was up by $683.7m from December 2020, when a 25 per cent capacity cap was in place due to the novel Covid-19 pandemic.
This month, state lawmakers announced that they will soon ease some of the restrictions.
Las Vegas strip bears the brunt
Broken down, the numbers show that casinos on the Las Vegas strip continue to suffer the most.
Revenue on the strip was down 43.81 per cent year-on-year at $321.5m.
Other parts of the state that are not so reliant on tourism faired better, with some cities even reporting a slight increase in revenues.
Reno saw revenue up 1.86 per cent year-on-year, and Sparks was up by 5.74 per cent.
North Lake Tahoe reported a 23.77 per cent increase in revenue and Elko County 25.9 per cent.
