• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Baccarat drives Vegas Strip’s 18pct rise in casino win

Jul 31, 2019 Newsdesk Latest News, Top of the deck, World  


Baccarat drives Vegas Strip’s 18pct rise in casino win

Baccarat drove the 18 percent year-on-year rise in casino win on the Las Vegas Strip (pictured) in the Nevada, United States, gaming hub, according to official data published on Tuesday.

Baccarat is a casino table game favoured by players of Asian heritage wherever they settle or travel in the world according to investment analysts.

Data posted online by the Nevada Gaming Control Board indicated that “win” in games of baccarat during the month rose to almost US$156.69 million, jumping by 116.78 percent. ‘Win’ in Las Vegas parlance is the amount players bet, minus the money that is paid out by the house in player prizes, according to the University of Nevada, Las Vegas .

“The highest baccarat hold (20.9 percent) since 2003 drove the outsized growth” in Las Vegas Strip win, noted Deutsche Bank Securities Inc’s Carlo Santarelli and Steven Pizzella, referring to the performance of the house relative to the performance of the players.

The brokerage also noted in its Tuesday memo that had baccarat been excluded, the Las Vegas Strip table drop – the amount of money exchanged for gaming chips at the table – would have fallen 7.4 percent in June. Thanks to baccarat business, it actually rose 2.3 percent.

The Nevada regulator said total June casino win on the Las Vegas Strip – including from the main supplier of earnings in that market, slot machines – rose to just under US$616.6 million, or slightly shy of 17.7 percent more than a year earlier.

The data indicated that in the entire state of Nevada, casino win rose to over US$1.04 billion in June, 11.6 percent more than a year earlier.


  • tweet
Related articles
  • DB lowers forecast for Macau 2021 GGR after Dec 2020 data
    DB lowers forecast for Macau 2021...

    Jan 04, 2021  

  • Wynn Macau Ltd says beat market Oct-Nov, seeks new notes
    Wynn Macau Ltd says beat market...

    Dec 15, 2020  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us