• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Las Vegas Strip gaming revenue up 5 pct in November

Dec 31, 2015 Newsdesk Latest News, Top of the deck, World  


Las Vegas Strip gaming revenue up 5 pct in November

Casino gaming revenue on the Las Vegas Strip stood at US$535.6 million in November, up by 5.4 percent year-on-year, show data disclosed on Wednesday by the Nevada Gaming Control Board.

The Las Vegas Strip, in Clark County in the state of Nevada, is the main gaming hub in the United States.

For the first 11 months of 2015, gaming revenue – officially classified as ‘gaming win’ – for the Las Vegas Strip was down 2.8 percent to US$6.3 billion, the data indicate.

Despite the ongoing slump in Macau’s gaming revenue, that city still retained a comfortable lead in November over the Las Vegas Strip regarding bragging rights to the title of world’s number one casino destination by revenue.

Macau’s casino gross gaming revenue (GGR) for November fell by 32.3 percent year-on-year to approximately MOP16.43 billion (US$2.06 billion), according to official data. Despite that decline, Macau’s gaming market was almost four times the size in GGR terms than that of the Las Vegas Strip market.

“Headline revenues [in the Las Vegas Strip] were in line with our expectations of low- to mid-single [digit] growth, impacted by: difficult baccarat comparison from last year…; tough operating calendar, with one less Saturday versus the same period last year; offset by timing of collections benefiting slot win and strong event calendar this year,” commented analyst Cameron McKnight, from Wells Fargo Securities LLC.

He added: “Mass-market volumes, which is the best indicator of overall gaming revenue trends, were flat, slightly below the year to date average of up 1 percent”.

The growth in gaming revenue in the Las Vegas Strip was driven by higher domestic visitor volume, Union Gaming Research LLC said in a note. “The trend of improving domestic trends in Las Vegas is encouraging, however, sometimes overlooked, as the international baccarat business continues to remain volatile,” wrote analysts Christopher Jones and John DeCree.

November baccarat volumes in the Las Vegas Strip were down 28.3 percent year on year while revenues were down 14.1 percent.

Overall November gaming win in the state of Nevada was US$944 million, up 7.7 percent compared with November 2014.


  • tweet
Related articles
  • LVS negative Macau EBITDA 1Q, group profit on Nevada sale
    LVS negative Macau EBITDA 1Q, group...

    Apr 28, 2022  

  • Regulator okays Apollo acquisition of LVS ops in Nevada
    Regulator okays Apollo acquisition of...

    Feb 18, 2022  

More news
  • 500 in Grand Lisboa lockdown, Macau Covid cases top 1,160
    500 in Grand Lisboa lockdown, Macau...

    Jul 06, 2022  

  • Coughlan to exit as Wynn Macau Ltd president in February
    Coughlan to exit as Wynn Macau Ltd...

    Jul 06, 2022  


Latest News

500 in Grand Lisboa lockdown, Macau Covid cases top 1,160

500 in Grand Lisboa lockdown, Macau Covid cases top 1,160

Jul 06, 2022  

More than 500 people are still inside the Grand Lisboa casino hotel after the complex was locked down on Tuesday by the local authorities, said an official during a Wednesday afternoon briefing on...
Read More
Coughlan to exit as Wynn Macau Ltd president in February

Coughlan to exit as Wynn Macau Ltd president in February

Jul 06, 2022  

Fitch downgrades Crown, signs off on rating casino firm

Fitch downgrades Crown, signs off on rating casino firm

Jul 06, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”As the Macau gaming revenue structure is now leaning heavily towards the mass business … once the border fully reopens, the recovery from mass should drive the sector to bounce more swiftly”

Vitaly Umansky, Louis Li and Shirley Yang

Analysts at Sanford C. Bernstein



Most Popular

  • Four Seasons Macao shops paused on Covid casesFour Seasons Macao shops paused on Covid cases July 4, 2022
  • Macau’s Grand Lisboa cordoned amid 13-case Covid clusterMacau’s Grand Lisboa cordoned amid 13-case Covid… July 5, 2022
  • Macau publishes amendment to public tender regulationMacau publishes amendment to public tender regulation July 5, 2022
  • GKL sees June casino sales up 34pct sequentiallyGKL sees June casino sales up 34pct sequentially July 4, 2022
  • Coughlan to exit as Wynn Macau Ltd president in FebruaryCoughlan to exit as Wynn Macau Ltd president in February July 6, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us