{"id":875023,"date":"2025-01-30T09:32:28","date_gmt":"2025-01-30T17:32:28","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/shop\/?p=875023"},"modified":"2025-01-30T09:32:31","modified_gmt":"2025-01-30T17:32:31","slug":"vegas-we-have-a-problem","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/blog\/vegas-we-have-a-problem\/","title":{"rendered":"Vegas, we have a problem"},"content":{"rendered":"\n<p><strong>First, the good news.<\/strong> Statewide, gambling revenues in <strong>Nevada<\/strong> were up 2% last month, halting a five-month skid. However, there was no relief from decline on the <strong>Las Vegas Strip<\/strong>, where the take was down 2.5%. If you&#8217;re searching for a silver lining in that, <strong>Deutsche Bank<\/strong> had expected an 8% drop. Whew. The main culprit for the Strip&#8217;s continued declivity was baccarat. That notoriously volatile game saw house winnings plummet 10% on 4.5% less money wagered and looser hold.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Regular table games also saw the house get cleaned out. Table winnings plunged 16%, on 4% less betting. Slots were the lone bright spot (unless you were a player), as winnings leapt 11% on 1.5% more coin-in. It was even worse for you if you were a locals casino player, as slot takings vaulted 24% on flat coin-in. By contrast, locals table games went in players&#8217; favor, with win plummeting 22% despite more 4.5% more betting.<\/p>\n\n\n\n<p>The Strip made $881 million, while <strong>Downtown<\/strong> hopped 8.5% to $82 million. And except for <strong>Utah<\/strong>-facing <strong>Mesquite<\/strong>, down 3% to $16 million, all non-Strip locales in the <strong>Las Vegas<\/strong> area were feeling happy. The <strong>Boulder Strip<\/strong> came roaring back, catapulted 30% to $88 million. Also up were <strong>North Las Vegas<\/strong> ($25 million, +2%), <strong>Laughlin<\/strong> ($34.5 million, +9.5%) and miscellaneous <strong>Clark County<\/strong> ($161 million, +9%), the latter still feasting off <strong>Durango Resort<\/strong>. Drive-in business from Utah should be a cause for concern, as <strong>Wendover<\/strong> was also down, tumbling 11% to $22.5 million. <strong>California<\/strong>-facing <strong>Reno<\/strong> and <strong>Lake Tahoe<\/strong> were looking very good, however. The former was up 20% to $66 million and the latter leapt 20% to $19.5 million. As for the anemic wagering numbers on the Strip, maybe players are finally getting fed up with Sin City&#8217;s price-gouging ways. We can only hope.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First, the good news. Statewide, gambling revenues in Nevada were up 2% last month, halting a five-month skid. However, there was no relief from decline on the Las Vegas Strip, where the take was down 2.5%. If you&#8217;re searching for a silver lining in that, Deutsche Bank had expected an 8% drop. Whew. The main [&hellip;]<\/p>\n","protected":false},"author":83928,"featured_media":843746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1728],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.lasvegasadvisor.com\/shop\/wp-content\/uploads\/2023\/10\/Bellagio.jpg?fit=1283%2C971&ssl=1","_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/875023"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/users\/83928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/comments?post=875023"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/875023\/revisions"}],"predecessor-version":[{"id":875034,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/875023\/revisions\/875034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media\/843746"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media?parent=875023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/categories?post=875023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/tags?post=875023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}