Hopes for a recovery on the Las Vegas Strip got a boost from a state Gaming Control Board report that August gambling revenues surged 21 percent year over year.
The 41 Strip casinos posted $544.3 million in win, the biggest gain since February, when win rose more than 32 percent.
And as in February it was baccarat, the game of choice of Asian high rollers, that fueled the increase. Baccarat win was up 47 percent to $160 million, the second-highest win ever for the game, on the largest monthly drop of all time, $1.9 billion.
In an especially encouraging sign, slot win was up 13.3 to $245.9 million, the biggest monthly jump in three years, on $3.1 billion in handle.
Blackjack was down 12 percent compared to a year ago, but craps and roulette both were up significantly.
A Gaming Control Board analyst cited two large conventions, MAGIC (75,000 visitors) and the World Market Convention (50,000 visitors), as factors in the improved results, according to a report in the Las Vegas Sun.
Statewide Nevada win was up 11.5 percent to $994.4 million. The increase totaled 6.2 percent without counting baccarat, the first monthly increase since December 2007 that didn’t depend on baccarat.
Banner month for Strip revenues
October 12, 2010