Monthly casino gross gaming revenue on the Las Vegas Strip (pictured), in the United States, fell for a fourth consecutive month in November measured in year-on-year terms.
Revenue – or “gaming win” – stood at US$508.3 million, down by 4.0 percent from the prior-year period. Baccarat revenue dropped 1.1 percent, to US$127.6 million.
The data was disclosed on Tuesday by the Nevada Gaming Control Board.
Monthly gaming win on the Las Vegas Strip has been declining since August, when it dropped by 6.1 percent in year-on-year terms. The decline worsened to 12.1 percent the following month. In October, the Las Vegas Strip recorded a gaming win drop of 5.6 percent measured against the prior-year period.
This means the world’s two largest gaming hubs – Macau and the Las Vegas Strip – have been recording consecutive declines in casino revenue for multiple months. In Macau, monthly revenue has been declining since June measured in year-on-year terms.
Singapore, third-placed casino hub judged by annual gross revenue, doesn’t disclose monthly official data on casino gaming revenue.
For the fiscal year to end-November, gaming win on the Las Vegas Strip was down 4.8 percent. The fiscal year started on July 1.
The picture is slightly rosier for the overall U.S. state of Nevada, where the Las Vegas Strip is located. Gaming win in November stayed flat compared to the year before, after three consecutive monthly declines. In the fiscal year to date, gaming win is down 2.7 percent statewide.
Sep 19, 2018Nowadays, millennials, people who were born in the 1980s or...
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Nov 20, 2018Macau’s Judiciary Police has requested web hosting companies working outside Macau to block or remove so far a total of 237 alleged illicit gambling websites. So said on Tuesday Macau’s...
Nov 20, 2018
"In the coming year we plan to actively tap into the overseas markets by identifying new business locations, keep on expanding our empire and also enhance our VIP services and facilities"
Chief executive of Macau gambling junket investor Tak Chun Group