Las Vegas Strip casinos report December surge

Jan 30, 2016 8:14 AM

Las Vegas Strip casinos saw their gaming win surge 8.20 percent during December to $600.75 million compared to $555.24 million during the same year earlier period.

It was the biggest increase reported by any of the various Clark County neighborhoods that are reported separately by the Gaming Control Board.

Perhaps the December increase reported by Strip casinos was a sign of good things to come, because with the visitor volume totaling more than 42 million for the year, there was certainly no shortage of arrivals from everywhere with money to spend.

Strip gaming revenue for the calendar year dipped slightly to $6.348 billion from 2014’s  $6.372 billion. The decrease is probably due in large part to all those stay-at-home Asian gamblers whose collective appetite for traveling the globe and spending in a big way has been slowed by a variety of concerns close to home, concerns such as a weakening Chinese economy and the ongoing anti-corruption scandal in China. Baccarat, the game favored by high limit Asian players saw double digit declines through much of the last year

The Strip’s December increase was the largest reported by grouping of Clark County casinos. The county as a whole was up 3.66 percent to $864.35 million but the Boulder Strip and North Las Vegas casinos were down 14.98 and 6.58 percent, respectively.

The December revenue reported by downtown Las Vegas casinos was up slightly to $43.45 million the same prior year month when the total was $42.99 million.

The statewide December total was 3 .31 percent higher at $982.06 million compared to the same year earlier period.

Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: [email protected].