MAR 1 DE DICIEMBRE DE 2020 - 15:11hs.
Coronavirus crisis

Las Vegas Strip revenue down 61.4% in June

Gross gambling revenue was down 61.4% on the Las Vegas Strip in June after casinos reopened following the Covid-19 shutdowns. This was slightly better than the 62.2% drop analysts at Deutsche Bank had expected. Casinos opened their doors on June 4th after a two-and-a-half month shutdown.

According to official information released by the authorities, while locals GGR of US$135.9 million was down 28% year on year, revenue from slots fell 29.1%.

Strip slot handle was down 47.6%, while table volumes, excluding baccarat, were down 56.0 percent, the analysts noted.

Baccarat volumes were down 54.3% year on year in June, while revenue declined 70.3%. Last year’s figures benefited from an abnormally high hold of 20.9% against 13.6% this year.

The Downtown Las Vegas market was down 55.6% year over year in June to US$23.2 million while Reno GGR of US$46.6 million was down 8.5%.

Source: Asia Gaming Brief