*****Slot machine revenues took a drop in Vegas for June*****
Turns out all those James Bond films where baccarat casino games will be the playground of the rich have some truth to them; the Las Vegas Strip did not have great gaming numbers this June, and it is being directly attributed to an undesirable showing in baccarat play. But although the remainder of Nevada’s casinos are nevertheless wanting to play gambling income catch-up, the vegas Strip, at least, is seeing increases that are incremental in slot machine play.
Baccarat and Slots Affect Bottom Lines
The more than ten percent drop in gaming revenues throughout the Silver State in June to $434.7 million was also as a result of a drop that is overall slot play; less glam than baccarat, but certainly a bread-and-butter casino staple. According to recently released Gaming Control Board reports, Nevada casinos across the whole state took in close to $792.5 million in June, and that is a 4.81 percent plunge when put next to $832.5 million for similar month final 12 months.
Nevertheless, actual slot machine play increased for the third straight month in a line on the Strip itself, which analysts take as being a good sign of motion towards recovery. One Sterne Agee gaming analyst, David Bain, said the rise in play per se of 1.1 per cent in April, 1.7 % in might and 0.2 percent in June shows that the less well-heeled, however crucial midlevel gambl Continue reading “Baccarat Nosedive and Mixed Slots Play Affect Nevada’s Bottom Line”