Typically, the Las Vegas Strip generates around half of Nevada’s gaming revenue but this time saw a larger than expected 8.7% drop in revenue. The Strip generated revenue of $496.9 million despite having a 2.8% increase in visitors to 3.29 million in August.
Some analysts assert that the comparisons are unfair because last August saw a record high Baccarat win that increased 37% to $165 million which if removed from results would actually have seen Las Vegas Strip results up 4.7% in August.
Whether this is trying to see the silver lining, or a justified stand that Las Vegas is still in the positive, if albeit small, recovery mode only time will tell.
