Nevada sees dip in casino revenues

The Nevada Gaming Control Board (NGCB) has released its latest revenue results, which reveal that the state’s gambling revenue has dipped for the second straight month. The state’s casinos received US$913 million from gambling in August, a 7.7 per cent dip from the same period in 2017. This is the lowest monthly revenue in this calendar year.

Senior board analyst Michael Lawton said that the NGCB was disappointed with the results, but not surprised as casinos faced a difficult comparison with August 2017, which had one of the most impressive months as it included a fight between Floyd Mayweather Jr. and Conor McGregor in Vegas. “People called it the fight of the century, and it was a pretty big draw and it drove a lot of those gaming numbers for last August,” Lawton said, according to The State. “We didn’t have an event this August that was anywhere near replicating something of that magnitude. We knew going in this was going to be a tough month for us.”

Casinos located on the Strip collected of US$477.9 million, a decrease of 12.4 per cent from the same month last year, even though the number of visitors remained intact. Moreover, facilities located in downtown Las Vegas experienced a 4.8 per cent decrease in revenue to US$46.2 million.

Source: Focus Gaming News