Las Vegas Strip Table Volumes Nosedive In Q2

Overall table drop and slot handle on the Las Vegas Strip fell to its lowest level in more than ten years in the second quarter of 2016, buffeted by favorable movements in casinos’ hold rate.

New data published by the Nevada Gambling Control Board on Friday showed that Las Vegas Strip gaming revenues rose 9.7 percent year-on-year to $488.9m in June, flattered by a 5.2 percentage point improvement in baccarat hold ratio to 14.1 percent.

Gaming revenues for the second quarter as a whole fell by an unremarkable 2.2 percent to $1.51bn, as a favorable luck factor masked uglier trends in non-baccarat revenue and gaming volume metrics such as slot handle and table drop.

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