In Nevada, statewide aggregated gross gaming revenues reportedly dropped by 7.7% year-on-year last month to around $912.9 million as combined August visitor numbers for Las Vegas posted a 0.2% decrease to approximately 3.56 million.
Decline follows July disappointment:
According to a Thursday report from the Associated Press news service published by the US News and World Report newspaper, the figures from the Nevada Gaming Control Board represented the second consecutive month that aggregated gross gaming revenues have declined statewide after they fell by 0.16% year-on-year in July to slightly over $996.4 million.
Drop linked to gaming table slow down:
Michael Lawton, Senior Research Analyst for the Nevada Gaming Control Board, reportedly stated that August was the worst month so far this year in terms of the western state’s aggregated gross gaming revenues and attributed this drop to a decrease in gaming table activity.
He declared that this action tends to be higher when Las Vegas features a major boxing match while the comparative month in 2017 saw the city play host to the historic bout between Floyd Mayweather and Conor McGregor.
Lawton to the Associated Press…
“People called it the fight of the century and it was a pretty big draw and it drove a lot of those gaming numbers for last August. We didn’t have an event this August that was anywhere near replicating something of that magnitude. We knew going in this was going to be a tough month for us.”
Las Vegas numbers fall:
The numbers from the Nevada Gaming Control Board showed that casinos on the Las Vegas Strip had accounted for almost 90% of the statewide decline as their August aggregated gross gaming revenues toppled by 12.4% year-on-year to about $477.9 million.
This was echoed by their compatriots in downtown Las Vegas as these venues recorded a 4.8% drop year-on-year in August aggregated gross gaming revenues to $46.2 million while combined takings from properties along the city’s Boulder Highway plunged by an even steeper 16.3% to approximately $62.2 million.
Northern casinos impress:
On the contrary, the Nevada Gaming Control Board’s figures reportedly indicated that the casinos around the northern city of Reno posted a 7.3% rise year-on-year in aggregated gross gaming revenues for August to around $61.6 million while those near Lake Tahoe‘s southern shore had recorded a combined 4.7% swell to $26.8 million.
Convention attendance improves:
The Associated Press cited the Las Vegas Convention and Visitors Authority for its information on August visitor numbers and moreover detailed that changes in the scheduling of trade shows had conversely seen the city post an 18% rise in convention attendance during the 31-day period.