Nevada State Gaming Revenue Up As Las Vegas Recovery Continues

Nevada State Gaming Revenue Up As Las Vegas Recovery Continues

The nevada Strip enjoyed a revenue that is healthy in March. (Image: Wikipedia.org/Lasvegaslover)

Signs that Las vegas, nevada continues on the way to financial data recovery, as the Nevada Gaming Control Board announced that statewide income had increased 7.6 percent, to $982.2 million, during the month of March, and by 10.9 percent regarding the Strip, to $560.7 million.

The numbers reverse a two-month decrease in video gaming revenue thus far in 2014, with table games, and baccarat in particular, yielding a robust turnover. Year-over-year, baccarat revenue increased by 39.9 % in March, while craps revenue grew by 36 percent, and blackjack up by 6.1 percent.

Slot machine turnover, meanwhile, had been up 3.8 percent, showing an increase for the third month in a row. Baccarat, a high roller game which analysts believe had been instrumental in maintaining the casinos afloat in the wake of the financial crisis, grew to $101.8 million in revenue, with the cards favoring the house 4 % a lot more than they did last year. However, even without baccarat, statewide revenues would still be up 4.8 percent over the board.

New Demographic

The figures reveal signs that customers are spending and gambling once more, although in addition they recommend a new affluent Vegas demographic is emerging one that spends money on dining table gaming, nightlife, restaurants and destinations, rather than funneling money into ju […]