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Super Bowl, leap year boost February gaming revenues on Las Vegas Strip

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Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Capital Markets View – January 2021


Super Bowl, leap year boost February gaming revenues on Las Vegas Strip

Gamingwin on the Las Vegas Strip rose 7.32% year over year in February to $570.3 million,the Nevada Gaming Control Board reported March 30.

Statewide,Nevada's casinos won $989.8 million, up 8.05% from the $916.1 million raked in duringFebruary 2015.

A couplefactors helped boost February's results, Deutsche Bank analyst Carlo Santarellisaid in a note. The Superbowl was moved to February this year, and the month hadan extra day due to the leap year.

On theStrip, baccarat saw its fifth consecutive decline in volume, but nevertheless posteda 0.8% year-over-year rise in revenue, thanks to a 60-basis-point rise in hold.