Las Vegas Strip December revenue surprises analysts

Analysts at Deutsche Bank note that the table games revenue in Nevada’s ’22^nd straight month of strong returns saw a contribution of $263.4 million from tables games (excluding Baccarat).

The figure was a 40.3 percent yearly increase, despite drop levels falling by 3.3 percent year-on-year.
Baccarat levels also increased, with revenue up 70.3 percent yearly and volumes overall improving by 21.6 percent.
Total table revenue (excluding poker) was up nearly 50 percent, topping $392.8 million, just shy of the slots revenue – with Las Vegas strip revenue reaching $405.1 million, up 7.3 percent yearly.
In total, strip gross gaming revenue saw a 25.1 percent increase, to $814.2 million in December, high above Deutsche Bank’s estimates of a 3.9 percent rise. Fourth quarter revenue was also up 3.9 percent year-on-year.

Revenue growth Table games Las Vegas Latest news Gross gaming revenue

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