Nevada casino revenue sees slight drop
Statewide casino revenue decreased for the first time in six months, according to official data.
US.- Casino operations in Nevada saw a slight decrease in revenue for the first time in six months in July. According to data from the Nevada Gaming Control Board, casinos posted a 0.2% decrease in July to US$996.4 million.
The financial result from July marks the first decrease in six months in Nevada. Senior board analyst Michael Lawton explained that if the state would have held a little better in some table games, they would have had a really good chance of beating last year’s financial results. “But table games hold was a big reason why we were down slightly,” he added.
Nevertheless, Lawton considered July as a “respectable month” overall, as revenues for the calendar year are up by 3.6%. The decrease was driven by Strip casinos, where revenue decreased to US$533.1 million, mainly because of baccarat performance. Lawton said that the game accounted for US$21.9 million of the Strip’s US$32.5 million revenue decrease.
On the other hand, downtown Las Vegas casinos experienced a rise in revenues to US$48.8 million, which is 8.2% higher than the same period in 2017. Boulder Highway casinos also experienced their biggest revenue increase to US$78.7 million, or 18.5% more than 2017.
