{"id":11430,"date":"2013-08-30T12:02:33","date_gmt":"2013-08-30T20:02:33","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11430"},"modified":"2013-08-30T16:06:17","modified_gmt":"2013-08-31T00:06:17","slug":"ugly-month-on-the-strip","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/ugly-month-on-the-strip\/","title":{"rendered":"“Ugly” month on the Strip"},"content":{"rendered":"

\"\"That’s the word that normally temperate J.P. Morgan<\/strong> analyst Joseph Greff<\/strong> employedd to describe a July in with Las Vegas Strip<\/strong> winnings fell 14% (as opposed to 8% statewide<\/a>; others had a different perspective<\/a>). And since the month began and ended on a weekday, there’s not going to be any late-month slot revenue hiding in August. If anything, some June play may have been sloshed into the numbers (July began on a Monday) and they still weren’t pretty. Poor baccarat hold — and terrible casino win, down 39% — is to blame for the sharp decline and, year to date, the Strip is flat with 2012. Lady Luck wasn’t with the casinos, whose table win fell 21% although money dropped on the felt was only 8% less. Non-baccarat win was up 2%, despite smaller play. A small reduction (1%) in slot coin-in yielded 5.5% less win.<\/p>\n

If there was<\/strong> a silver lining, it was a 1.5% uptick in winnings at the locals casinos, despite a 4.5% slippage Downtown<\/strong> and a 12% falloff in North Las Vegas<\/strong>. Important outlying markets like Reno<\/strong>, Lake Tahoe<\/strong> and Laughlin<\/strong> did well, up 6%, 9% and 5% respectively. Indeed, play in Tahoe was huge ($32 million) by its own standards and the market, which looked dead and buried not so long ago, is enjoying a good year. By comparison, North LV has had only one revenue-positive month all 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

That’s the word that normally temperate J.P. Morgan analyst Joseph Greff employedd to describe a July in with Las Vegas Strip winnings fell 14% (as opposed to 8% statewide; others had a different perspective). And since the month began and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,51,14,76,49,78,79,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11430"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=11430"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11430\/revisions"}],"predecessor-version":[{"id":11443,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11430\/revisions\/11443"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}