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Las Vegas Strip revenue down 5% in Oct.

Discussion in 'Casino Industry & Development' started by Mirageluvr, Nov 30, 2015.

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  1. Mirageluvr

    Mirageluvr Low-Roller

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    Gaming revenue on the Las Vegas Strip fell 5.1% to $494M in October, according to data from the Gaming Control Board.Statewide gaming revenue was off 2.9% to $888M.Weak numbers for baccarat have plagued Las Vegas operators this year with high rollers from China in shorter supply. Most analysts think that trend will continue.

    WYNN, LVS and MGM are currently trading flat to slightly higher.
     
  2. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I would like to think I was responsible for at least a 1% drop for Mandalay Bay in October, lol. But seriously, I went to vegas three times in October this year and it was noticeably slower than Octobers past. No idea why, though
     
  3. Mirageluvr

    Mirageluvr Low-Roller

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    Good job....well we know Broncofan will put a hurtin on November's numbers. :nworthy:
     
  4. hammie

    hammie VIP Whale

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    Yet it appears that Downtown is up. Curious minds want to know......was it better odds, lower resort fees, better value? :stir:
     
  5. ken2v

    ken2v This Space For Rent

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    Chinese kagillionaires are not slumming it at the D. :wink2:
     
  6. bswim

    bswim High-Roller

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    Things from China are going to be tight for a while. Their economy continues to slump so now places like this that they ignored in the past, they're going after.

    http://fortune.com/2015/11/20/china-underground-bank/

    This is one of the larger busts but it's been one of many lately.

     
  7. hail2skins

    hail2skins Low-Roller

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    Downtown was down 6.5 percent compared to October 2014. However, in general, gaming revenue has been good on Fremont in 2015 compared to 2014.
     
  8. dvandentop

    dvandentop VIP Whale

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    Sure they tightened up the slots again before my next trip
     
  9. hammie

    hammie VIP Whale

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    And today the IMF has agreed to add the Chinese Renminbi to the basket of major currencies along with the US Dollar, Euro, Yen, Pound Sterling. :rolleyes2:

    it appears as if the previous 12 months are up for the Downtown market compared to the 12 months that ended in October, 2014. Or, am I reading this report incorrectly?
     
  10. darkroommd

    darkroommd Tourist

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    would love to see some quality studies on slot hold % compared to slot revenue

    but access to the mountain of data seems nonexistent?
     
  11. hedgehog

    hedgehog Low-Roller

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    Probably all three....
     
  12. Mirageluvr

    Mirageluvr Low-Roller

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    More negative gaming news.

    Gross gaming revenue in Macau fell 32.3% to 16.4B patacas ($2.1B) in November, according to data released by the Gaming Inspection and Coordination Bureau.The decline is slightly greater than the consensus forecast of analysts and extends a long down trend in the sector.Baccarat betting continues to be a soft spot in Macau in both the VIP and mass segments.Shares of many Macau casino operators were higher in Hong Kong trading today, despite the soft read on traffic.
     
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