Las Vegas Strip Revenues Grow Despite Baccarat Drop

Despite a tough comparison period given the calendar shift of Chinese New Year, the Nevada Gaming Control Board announced this week Las Vegas Strip gaming revenues had increased 3.3 percent year-on-year to $530.7m in February.

Figures released on Tuesday showed that gross gaming revenues in Nevada rose by 5.7 percent year-on-year in February to $932.2m, with slot machine revenues at $571.6m and table gaming revenues hitting $350.6m.

Las Vegas Strip table revenues excluding baccarat for February increased 13.5 percent year-on-year with volumes up 0.9 percent and table hold improvement of 150bps. When including baccarat, total table gaming revenues dropped 1.8 percent to $288.1m.

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