{"id":16651,"date":"2015-08-28T10:16:15","date_gmt":"2015-08-28T18:16:15","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16651"},"modified":"2015-08-28T11:51:49","modified_gmt":"2015-08-28T19:51:49","slug":"the-strip-is-all-right","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/the-strip-is-all-right\/","title":{"rendered":"The Strip is all right"},"content":{"rendered":"

A 2% decline in July revenues on the Strip may not seem like good news but the casinos were competing against the anniversary of a very \"Baccarat\"<\/a>good month for baccarat last year. By comparison, this July saw players drop 35% less money onto the felt, although the house was relatively lucky, its winnings only 21% down. Looking ahead, J.P. Morgan<\/strong> analyst Joseph Greff<\/strong> wrote, “we expect the market to continue to experience volatility in baccarat play given a likely slowdown in Chinese players.”<\/p>\n

A slight uptick in coin-in plus tighter holds combined for a 9% increase in slot winnings. Players were luckier at non-baccarat table games, wagering and losing 3% less than last year. Take baccarat out of the equation and Strip revenues would have been up 4%.<\/p>\n

Locals play is still\u00a0cautious, down 2.5%. Downtown<\/strong> continues to enjoy a renaissance, up 6.5%, but the Boulder Strip<\/strong> was 11% off and North Las Vegas<\/strong> was down 9%. In outlying markets, Laughlin<\/strong> was 2% down, Lake Tahoe<\/strong> was minus 7% but Reno<\/strong> was 6% ahead. Percentage-wise the big winners were Elko<\/strong> and Carson Valley<\/strong>, each registering 10% gains.<\/p>\n

* Former CEO Seth Schorr<\/strong> having been kicked upstairs to chairman of the board, new Downtown Grand<\/strong> CEO Jim Simms<\/strong> wants to address the “calamity of contradictions<\/a>” at the property, although there’s one thing he knows he can’t fix: the fact that it’s “two long minutes” from Fremont Street<\/strong>. He effectively quashes sale rumors, being appreciative both of the high quality of the property and the equally high need to get its message out.<\/p>\n

* Congratulations to Dan Ingster<\/strong>, newly appointed vice president of \"Ingster\"<\/a>slot operations at Seminole Hard Rock Hotel & Casino Tampa<\/strong>. Ingster comes to Seminole Gaming<\/strong> by way of manufacturer Rocket Gaming<\/strong>. He got to the top the old-fashioned way, working his way up from being a slot-floor attendant for MGM Resorts International<\/strong> in Las Vegas<\/strong> 15 years ago. We wish him continued success at Hard Rock.<\/p>\n","protected":false},"excerpt":{"rendered":"

A 2% decline in July revenues on the Strip may not seem like good news but the casinos were competing against the anniversary of a very good month for baccarat last year. By comparison, this July saw players drop 35% … 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":[88,51,14,165,76,49,53,11,78,79,200,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16651"}],"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=16651"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16651\/revisions"}],"predecessor-version":[{"id":16655,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16651\/revisions\/16655"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}