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Nevada gaming revenue up 8% in November

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

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  1. Mirageluvr

    Mirageluvr Low-Roller

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    Downtown numbers are very impressive.

    Nevada gaming revenue up 8% in November
    Dec 30 2015, 14:43 ET | By: Clark Schultz, SA News Editor Contact this editor with comments or a news tip
    Gaming revenue in Nevada increased 7.8% to $944.27M in November.Las Vegas Strip revenue was 5.4% higher at $535.6M. Downtown Las Vegas revenue soared 25% during the month.VIP baccarat was down 14% to $110M as deflated high-roller traffic from Asia factored in again.

    http://gaming.nv.gov/modules/showdocument.aspx?documentid=10716
     
  2. Krh2o

    Krh2o MIA

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    Solid numbers. High end Bacc was up over October.

    I wonder how many posts would have been in this thread if the gaming numbers were down 5.4% on the strip.
     
  3. Mirageluvr

    Mirageluvr Low-Roller

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    Great point...the Downtown numbers were beyond impressive. Clearly the casinos downtown are on to something.
     
  4. chitownjohn

    chitownjohn High-Roller

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    The report refers to total “gaming win” but the business articles refer to "total gaming revenue". In my mind "gaming win" is profit (hold) whereas gaming revenue represents dollars wagered. So which is it? I know it's a silly question but if the casinos hold rate rate is higher than normal is possible to have an increase in "total hold" with flat revenues.

    So give me a break, this is my first stupid question of the year.:poke:
     
  5. 3544quebec

    3544quebec Low-Roller

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    That would have been me
     
  6. Mirageluvr

    Mirageluvr Low-Roller

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    Last edited: Jan 2, 2016
  7. Mirageluvr

    Mirageluvr Low-Roller

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    :haha:
     
  8. LOCALGAMBLER77

    LOCALGAMBLER77 Tourist

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    How true! Go Las Vegas!!!!
     
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