{"id":27828,"date":"2020-08-26T08:41:22","date_gmt":"2020-08-26T16:41:22","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=27828"},"modified":"2024-01-09T07:35:30","modified_gmt":"2024-01-09T15:35:30","slug":"locals-salvage-nevada-results-prez-betting-odds-tighten","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/locals-salvage-nevada-results-prez-betting-odds-tighten\/","title":{"rendered":"Locals salvage Nevada results; Prez betting odds tighten"},"content":{"rendered":"\n
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July revenue numbers are in for Nevada<\/strong> (-26% statewide) and the Strip is expectedly poor, down 39% ($330 million) and locals play is unexpectedly strong, off only 8% from last year. The statewide gross was $757 million and locals slot win was down 9% on 21% less coin-in, which implies some mighty tight holds. “The LV Locals market is exhibiting a faster recovery than the LV Strip GGR, which makes sense given the general Clark County<\/strong> area population (benefit from [Paycheck Protection Program<\/strong>]\/unemployment checks) and retiree base in the area,” wrote JP Morgan<\/strong> analyst Joseph Greff<\/strong>, who added, “We continue to prefer LV Locals exposed operators … over LV Strip operators.” Think globally, buy locally!<\/p>\n\n\n\n

Strip slots won $183 million, on 37% less coin-in and 8% hold. Table win plunged 39% ($140 million) due to 44% less wagering. Baccarat win fell 21%, thanks to tight hold, as wagering tumbled 39%. Downtown<\/strong> felt the pain, too, plummeting 20.5% to $41 million, while North Las Vegas<\/strong> toppled 28.5% to $19 million. The Boulder Strip<\/strong> was off 20% to $65.5 million and outlying Clark County was actually up, gaining 6% to $110 million. Given those numbers, we don’t think Boyd Gaming<\/strong> and Station Casinos<\/strong> execs will be hastening to reopen mothballed properties as\u2014unlike Greff\u2014we see continued softness on the Boulder Strip, in North Las Vegas and downtown. Reno<\/strong> was only off 10% but volatile Lake Tahoe<\/strong> receded 40% (in high season) to $21 million. Laughlin<\/strong> dipped 17% to $36.5 million and Elko<\/strong> held its ground at -5% ($24.5 million). One drive-in market came through big-time: Utah<\/strong>. Revenues in Mesquite<\/strong> were flat at $10 million while trusty Wendover<\/strong> was down only 4%, banking $16.5 million. Thank you, Church of Latter-Day Saints.<\/p>\n\n\n\n\n\n\n\n

Scratch two more conventions from the Las Vegas Strip schedule. Casino Journal<\/em> has made the decision to go virtual with both the Casino Marketing & Technology Conference<\/strong> (Nov. 10-11) and the preceding Loyalty Player Development Conference<\/strong> (Nov. 9). There’s something ironic about discussing player loyalty through Zoom chat boxes but a focus on casino technology could not be more apt in these increasingly Web-based times in which we live.<\/p>\n\n\n\n

All too often, we read about anti-maskers engaging in fisticuffs with people who encourage them to behave responsibly, if not for their sake then for others. At casinos, the violence has tended to be strictly verbal but the Centers for Disease Control<\/strong> is urging that anti-maskers be treated with caution<\/a>. “Don’t argue with a customer if they make threats or become violent,” the CDC said. We’re not sure if this advice is going to turn out to be productive or will simply embolden the anti-maskers, who would be wearing leper bells in a truly just world. Reports The Hill<\/em>, “workplace violence can include threats, verbal assaults such as swearing and insulting, and physical assaults such as slapping and choking the employees.” Instead of confrontation, the CDC recommends the deployment of panic buttons to front-line employees, as well as heightened security. (Are you listening, Cosmopolitan of Las Vegas<\/strong>?) The latest anti-mask outrage took place at, of all unlikely venues, a Sesame Street<\/strong> theme park in Pennsylvania<\/strong>. An allegedly grown male (who later had to be tasered into submission by police) punched out<\/a> a 17-year-old employee, breaking his jaw and dislodging a tooth, for having the temerity of trying to enforce Sesame Street’s masking rules. Today Bert and Ernie<\/strong>, tomorrow the Strip.<\/p>\n\n\n\n

PredictIt<\/strong> is still sanguine about the U.S. presidential race, favoring Joe Biden<\/strong> (59 cents) over Donald Trump<\/strong> (45 cents). Other future markets are more volatile. An official statement from Smarkets<\/strong> (British-based) said, \u201cJoe Biden\u2019s lead over Donald Trump in our \u2018Next President\u2019 market has more than halved since its peak at the beginning of August. Trading activity on Smarkets currently gives Biden a 56% chance of winning the presidency, a drop of seven points since the end of July. Trump has climbed eight points over the same period to 43%\u2014his highest position in over two months.\u201d Added the site’s political analyst Patrick Flynn<\/strong>, the \u201canticipated post-convention bounce for Biden has failed to materialize in our market, with his lead sliding to 13 percentage points, down from an all-time high of 28 points at the start of August.\u201d We agree that we expected more of a Biden bounce, even if there’s something about a virtual convention that singularly fails to say, ‘Fired up! Ready to go!’<\/p>\n","protected":false},"excerpt":{"rendered":"

July revenue numbers are in for Nevada (-26% statewide) and the Strip is expectedly poor, down 39% ($330 million) and locals play is unexpectedly strong, off only 8% from last year. The statewide gross was $757 million and locals slot … 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":[88,60,274,51,14,26,283,76,49,126,95,79,231,57,8,9,38,247],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/27828"}],"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=27828"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/27828\/revisions"}],"predecessor-version":[{"id":32988,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/27828\/revisions\/32988"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=27828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=27828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=27828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}