Las Vegas Strip posts gains in December

Feb 12, 2010 8:01 PM

by GT Staff |

The opening of MGM MIRAGE’S (MGM) $8.5 billion CityCenter helped fuel a 5.9 percent increase in gaming revenues on the Las Vegas Strip in December, according to figures released by Nevada’s Gaming Control Board on Thursday.

Las Vegas Strip casinos won $502.2 million in December, a 5.9 percent increase from the $474.2 million they won in December 2008.

Gaming revenue for the full year, however, declined 9.4 percent to $5.55 billion.

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CityCenter, which opened on Dec. 16, also helped draw 2.78 million people to Las Vegas in December, a 1.5 percent increase from a year ago.

For the year, about 36.3 million people visited Las Vegas, 3 percent less than the previous year.

Convention attendance also posted gains in December, up 11.6 percent to 137,000. But for the year, convention traffic tumbled 23.9 percent to 4.49 million.

The airlines continued to impact travel to Las Vegas, as passenger counts to Las Vegas dipped 8.2 percent in 2009 to about 40.5 million.

But auto traffic from Southern California – a major feeder market for Las Vegas – actually increased by 4 percent in 2009, according to the Las Vegas Convention & Visitors Authority.

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