Gambling revenue in September on the Las Vegas Strip plunged 39% to $355 million, driving the worst of a 22% decline in Nevada win. By contrast, Reno and Lake Tahoe were beacons of hope, up 3.5% and 36% respectively. Downtown fell 21.5% to $52 million and most locals markets still looked dicey. North Las Vegas tumbled 27% to $20 million, the Boulder Strip edged up 2% to $76 million, miscellaneous Clark County nosed upwards 2% to $114 million, while Laughlin ceded a mere 3% to $39 million. Utah giveth and Utah taketh away: Mesquite leapt 11.5% to $11.5 million, while Wendover slipped 11% to $17 million. That’s the raw data we have at this point.
As for the Strip, slot win was down 27% on 25.5% less coin-in, and 35% less table game wagering led to a 30% revenue drop (a bit of luck for the house). Baccarat was another story. The house got absolutely clobbered. Wagering could be said to be strong, only 11.5% less than the year previous. But players took the casinos for an 88% obliteration of revenue. As the old adage goes, one bad month at baccarat can ruin your whole quarter.
