Las Vegas Revenues Rising

Thursday April 11, 2013 : GOOD FEBRUARY FOR LAS VEGAS STRIP
 
Baccarat players help produce the best monthly revenues since end-2007
 
Atlantic City revenues may be waning, but in February 2013 those in Nevada definitely waxed, according to official statistics which show that GGR rose 15.1 percent to $1.073 billion.
 
The increase represents the biggest monthly rise since December 2007, and will undoubtedly boost confidence that the US gambling mecca is on the road back to prosperity.
 
Predictably, it was the Las Vegas Strip that led the comeback, its casinos reporting revenues of $696.1 million, or an increase of just over 31 percent over the comparative period last year.
 
Other regions in the Silver State did not fare as well, with only South and North Tahoe showing increases.
 
Baccarat action was the main driver in the overall positive results, with increased activity from Asian players celebrating the Lunar New Year by having a bit of a flutter.  Baccarat win was up 131.35 percent to $263.9 million, and mini-baccarat jumped 108.6 percent to $11.7 million.
 
Overall slot machine win declined 5.2 percent to $541 million, sports book revenues soared 24 percent to $14.3 million and roulette performance was also outstanding at 22 percent up to reach $37.7 million.