• Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Las Vegas Gaming and Tourism Stats Oct. 2025

cheaps

cheaps

VIP Whale
Joined
Jan 25, 2025
Messages
1,729
Location
SoCal
Trips to Las Vegas
120
With relative improvement compared to decreases seen during the Summer months, visitation
exceeded 3.4 million in October, reflecting a decrease of ‐4.4% vs. last October.
October proved to be a strong convention month with attendance up 7.9% YoY, supported in part
by the scheduling shift of Oracle CloudWorld (30k attendees) which fell in October this year vs.
September last year.
Hotel occupancy of 83.7% (down ‐2.0 pts) and ADR of $204 (‐6.0% YoY) translated to monthly
RevPAR of $171 (‐8.2% YoY).

Screenshot 2025-11-27 at 1.35.50 PM.webp
 
Did Downtown discount rooms? The ADR decreased 11%.
 
And Strip gaming revenue was up 8.2% on decreased visitor volume. Honestly things are holding up well given all the naysaying.
 

dankyone said:
And Strip gaming revenue was up 8.2% on decreased visitor volume. Honestly things are holding up well given all the naysaying.
Click to expand...
Its because of baccarat. The Strip won a lot more this year at the game (despite the lower overall visitation)
 

  • How many freaking shopping events can I go to???
Yes, likely unsustainable—but Strip baccarat players aren’t the ones complaining about the price of a Pepsi at Flamingo.
 

It would be interesting to find out where strip bacarrat players earned their money.
 
Indeed.

Fanatic—you may know this—I wonder if the casinos account for revenues when they win the money at the tables or when they actually collect the money from credit players? Most high stakes baccarat play is going to take place on credit. This is not necessarily true of other games to the same extent, and the players with the biggest lines get the longest to pay.
 

dankyone said:
Indeed.

Fanatic—you may know this—I wonder if the casinos account for revenues when they win the money at the tables or when they actually collect the money from credit players? Most high stakes baccarat play is going to take place on credit. This is not necessarily true of other games to the same extent, and the players with the biggest lines get the longest to pay.
Click to expand...
Interesting. Its not something I have ever thought about and truly have no idea. Basic accounting principles would allow either way (either as revenue actually received or as accounts receivable). But I do not know if the State regulators (whose figures we are all looking at) require a certain method of accounting. I'm sure there are other VMBers that would have more knowledge than me.
 

  • How many freaking shopping events can I go to???
Travel Fanatic said:
Really? What would be interesting about that?
Click to expand...
Are they foreign? That’s the most important question. The other is whether this massive loss by a very few players is sustainable going forward. If it’s billionaires losing millions then it might be. If it’s foreign players doing money laundering then probably not.
 
Last edited:
tt600 said:
Are they foreign? That’s the most important question. The other is whether this massive loss by a very few players is sustainable going forward. If it’s billionaires losing millions then it might be. If it’s foreign players doing money laundering then probably not.
Click to expand...
Well, to each their own. I would find the answers to how these players make their money, whether they are foreign, or whether they are criminals neither important nor interesting. But if you do, good luck finding out. If you are, however, more interested in the underlying question of whether Vegas casinos can sustainably rake in lots of money from high end baccarat, you can find that answer from the past eighteen years of bac statistics
 

  • How many freaking shopping events can I go to???
As a note, October is also the G2E Gaming show in the first which helps with convention attendance. Next year it moves about a week earlier at end of September.
 
Travel Fanatic said:
Interesting. Its not something I have ever thought about and truly have no idea. Basic accounting principles would allow either way (either as revenue actually received or as accounts receivable). But I do not know if the State regulators (whose figures we are all looking at) require a certain method of accounting. I'm sure there are other VMBers that would have more knowledge than me.
Click to expand...

A publicly owned casino would need to use GAAP accounting, which (generally -- am not an accountant) requires the use of accrual accounting. Even for privately owned casinos, I have always seen the casino provide GAAP financials but I'm not 100% sure if that's because the state regulator mandated it.

You can see in CET's latest 10Q filing that they have $165mm in gaming receivables. This is cited later in the document as a risk.

1764740233163.webp

1764740304050.webp
 

Wynn got caught. But the fact that most of the strip casinos are dependent on a very few high rollers at baccarat makes me wonder if they just got better a covering it up.
 
tt600 said:

Wynn got caught. But the fact that most of the strip casinos are dependent on a very few high rollers at baccarat makes me wonder if they just got better a covering it up.
Click to expand...
I am not sure what this has to do with current gaming numbers. This Wynn incident was resolved over a year ago
 

  • How many freaking shopping events can I go to???
I believe it was resolved but that doesn’t mean it isn’t still happening, just in another more discrete way. The people in charge of Wynn and all other casinos on the strip depend so heavily on a few baccarat players that they could certainly have found a way to cater to these high rollers that doesn’t raise so many red flags. From the videos I’ve seen about this scam people would come in with stacks of cash, play a few hands and then get a cashiers check. This is both not very lucrative to the casino and quite obvious. On the other hand if they came in and played for hours and then got a cashiers check it would be much more lucrative to the casino and less obvious. A double benefit. There is so much money in China just itching to get to America that very brilliant minds have got to be figuring out more sustainable business models. But regardless of their model a very large baccarat win for the casinos would be a result that could get them to look the other way.
 
You must log in or register to reply here.
Back
Top