trending Market Intelligence /marketintelligence/en/news-insights/trending/6Gggcg1fIqUK27e86coMgA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Weak baccarat drags Las Vegas Strip gaming win down in August

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Weak baccarat drags Las Vegas Strip gaming win down in August

Gamingrevenue on the Las Vegas Strip fell 14.8% on a year-over-year basis in Augustto $449.6 million, compared to $527.4 million a year earlier.

DeutscheBank analyst Carlo Santarelli attributed the significant decline to weakness inbaccarat, which saw revenue plunge 42.3% on an 18.3% decline in table drop anda 427 basis-point dip in hold.

Slotrevenue on the Strip slid 5.0% to $242.4 million on a 3.3% slide in handle anda 14 basis-point dip in hold.

Atough calendar comparison contributed to the year-over-year decline, Santarellisaid, noting that there were nine weekend days in August 2015, compared toeight in August 2016.

Statewide,gaming revenue in Nevada fell 5.2% to $861.0 million.

TheLas Vegas locals market was a bright spot, having generated gaming revenue of$187.8 million, a 13.0% gain from the prior-year period, Santarelli said.