Are people catching on that the strip is a rip?
"After consistently increasing all summer, Nevada’s gaming revenue declined 3.66 percent in August from the same month last year, the state reported today. The Nevada Gaming Control Board said casinos won $920.2 million last month, compared to $955.2 million in August 2013. Even the Strip, which had seen steady year-over-year revenue increases over the last few months, brought in less revenue than last August. Strip gaming revenue was $553 million, a 6.08 percent drop from August 2013. Downtown Las Vegas, meanwhile, brought in $34.7 million, a 4.34 percent increase from last year. It was a mixed bag for other Southern Nevada regions, too: Laughlin and the Boulder Strip recorded declines of 6.64 percent and 4.44 percent, respectively. North Las Vegas and Mesquite saw increases of 6.86 percent and 1.72 percent, respectively. Overall, Clark County gaming revenue for August dropped 5.15 percent from the same month last year.
Baccarat win, which analysts have said drove growth in previous months, saw a double-digit decline last month, dropping statewide by 12.41 percent from last year to $169.5 million. Online poker pulled in $742,000 in August — an 8.65 percent increase from last year but notably below June’s revenue of more than $1 million.
The state collected $50.7 million in taxes on August’s winnings, a 1.25 percent decrease from last year."
http://vegasinc.com/business/gaming/2014/sep/26/nevada-gaming-revenue-dips-36-percent-august/?_ga=1.30943287.946421579.1411427228#livefyreComments
"After consistently increasing all summer, Nevada’s gaming revenue declined 3.66 percent in August from the same month last year, the state reported today. The Nevada Gaming Control Board said casinos won $920.2 million last month, compared to $955.2 million in August 2013. Even the Strip, which had seen steady year-over-year revenue increases over the last few months, brought in less revenue than last August. Strip gaming revenue was $553 million, a 6.08 percent drop from August 2013. Downtown Las Vegas, meanwhile, brought in $34.7 million, a 4.34 percent increase from last year. It was a mixed bag for other Southern Nevada regions, too: Laughlin and the Boulder Strip recorded declines of 6.64 percent and 4.44 percent, respectively. North Las Vegas and Mesquite saw increases of 6.86 percent and 1.72 percent, respectively. Overall, Clark County gaming revenue for August dropped 5.15 percent from the same month last year.
Baccarat win, which analysts have said drove growth in previous months, saw a double-digit decline last month, dropping statewide by 12.41 percent from last year to $169.5 million. Online poker pulled in $742,000 in August — an 8.65 percent increase from last year but notably below June’s revenue of more than $1 million.
The state collected $50.7 million in taxes on August’s winnings, a 1.25 percent decrease from last year."
http://vegasinc.com/business/gaming/2014/sep/26/nevada-gaming-revenue-dips-36-percent-august/?_ga=1.30943287.946421579.1411427228#livefyreComments
