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US – Nevada revenue down for first time in six months

By - 31 August 2018

A combination of less weekend days, less conventions, fewer visitors and a lucky streak on the tables saw GGR in Nevada fall for the first time in six months in July.

Nevada’s 435 casinos generated $996.4m, down 0.2 per cent from July 2017.

The decline on the Strip was bigger with win down 5.8 per cent to $533.1m while there was actually a big improvement downtown which was up 8.2 per cent to $48.8m for the month.

Michael Lawton, Senior Research Analyst for the Control Board, said: “Last July nearly recorded $1bn in win, and we came up just shy of matching that number this month. Game and table win was the reason statewide win was off, which was due to baccarat and mini-baccarat recording lower volume amounts, but the decreases were primarily the result of lower hold. Due to slot collection timing, July benefited compared to last year; however, it wasn’t enough to make up for the lower hold percentages recorded by baccarat, min-baccarat, twenty-one, craps and roulette.”

As well as having fewer weekend days and a quieter exhibition schedule, visitor levels were down by 3.4 per cent with 3.7m visiting Nevada during the month. Convention attendance dropped by 19.5 per cent to 408,000.

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