Nevada casinos post strong growth for November
Casinos in Nevada reported that gaming win revenue increased 6.4% Y/Y in November to $967.2M.
Revenue on the Las Vegas Strip jumped 10% to $534M off a comparison impacted by the shooting last year at the Mandalay Bay. Downtown LV casino revenue rose 2.2% Y/Y to $55M. Boulder Strip revenue fell 12% Y/Y to $64M.
Total slots revenue rose 1.3% to $635M during the month off a win percentage of 6.9%.
Games and tables revenue was up 17.7% to $332M off a win percentage of 12.6%. Baccarat win was up 51% Y/Y.
Football gaming win was up 69% during the month at sportsbooks.
Union Gaming analyst John DeCree calls the November numbers from the Strip even better than expected. "Baccarat bounced back over the past two months, up about 16% QTD in spite of unusually low hold in October. Sports betting win also bounced back, facing an easy comp to last November," he notes.
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