{"id":51470,"date":"2017-06-01T12:48:00","date_gmt":"2017-06-01T19:48:00","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=51470"},"modified":"2017-06-01T12:48:00","modified_gmt":"2017-06-01T19:48:00","slug":"title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/","title":{"rendered":"Small Rise in Nevada\u2019s April Gaming Profits, Despite Wobbly Visitation Numbers"},"content":{"rendered":"

Gambling was up a little in Nevada last month, at a time when visitor attendance was down. <\/span><\/p>\n

\"Good
There\u2019s a little bit of a reason to celebrate, particularly in downtown Las Vegas, where gambling revenues are on the rise, despite a slight dip in overall visitation rates. (Image: Las Vegas Review-Journal<\/em>)<\/figcaption><\/figure>\n

The Nevada Gaming Control Board (GCB) on Wednesday reported casinos won more than $886.5 million in April. The figure was $10.4 million more than what they won in April 2016, representing slight growth of 1.2 percent.<\/span><\/p>\n

Regulators pointed out, however, that the growth was more impressive than it might seem, as April 2016 was packed full of special events. It was a month that saw the opening of T-Mobile Arena, multiple big concerts (including Rihanna and Billy Joel), and a hotly touted Manny Pacquiao<\/a> fight among them.<\/span><\/p>\n

Visitation Fluctuation<\/h2>\n

April 2017, by comparison, saw a dip in convention attendance, which left total visitor numbers flat. The Las Vegas Convention and Visitors Authority reported Wednesday that the city welcomed 3.5 million tourists.<\/p>\n

The non-growth here was attributed to regular fluctuations, caused, for example when the National Auto Dealers Association, a trade show that draws more than 20,000 people, was held in New Orleans this year. (It\u2019s scheduled to return to Las Vegas in 2018.) Film industry trade show CinemaCon, meanwhile, stayed in Las Vegas but moved their convention to March in 2017.<\/p>\n

\n

These shifts likely help explain a drop in gaming revenue for properties on the Las Vegas Strip. Though responsible for more than half the state\u2019s overall gaming revenue, casinos on Las Vegas Boulevard saw a 3 percent decline in gaming revenues, raking in $475.4 million.<\/p>\n<\/div>\n

Downtown gambling revenues increased 21.9 percent, logging a monthly haul of $52.3 million. Year-over-year figures for downtown seem to be rising consistently in 2017, a fact regulators attribute in part to the opening of the Lucky Dragon casino in November.<\/p>\n

Elsewhere around the state, Reno and Lake Tahoe both saw their gaming revenues drop close to 5 percent, to $47.7 million and $13.3 million, respectively.<\/p>\n

Will Baccarat Bounce Back?<\/h2>\n

Statewide, baccarat revenues saw a continued decline<\/a> of nearly 25 percent year-over-year, to $79.2 million. Although casinos are winning less on this preferred game of high-rolling Asian gamblers, the amount being risked on the game actually increased.<\/p>\n

“Our volume was $637.6 million, which was actually up $47.6 million, or 8 percent, compared to last year,” Michael Lawton, a senior research analyst with GCB, told the Associated Press. “We’ve recorded two increases in this calendar year in baccarat volume. We only saw one increase in all of 2016.”<\/p><\/blockquote>\n

Lawton also said that despite the various up-and-down fluctuations on the micro-level, on the macro-level trends are headed in the right direction. For the 2017 calendar year, \u201crevenue is trending up,\u201d he said, \u201c3.9 percent statewide. And for the fiscal year we\u2019re up 3 percent.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Gambling was up a little in Nevada last month, at a time when visitor attendance was down. The Nevada Gaming Control Board (GCB) on Wednesday reported casinos won more than $886.5 million in April. The figure was $10.4 million more than what they won in April 2016, representing slight growth of 1.2 percent. Regulators pointed […]<\/p>\n","protected":false},"author":42,"featured_media":51471,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\nSmall Rise in Nevada\u2019s April Gaming Profits, Despite Wobbly Visitation Numbers<\/title>\n<meta name=\"description\" content=\"Nevada\u2019s monthly gaming revenue report is in, and they show people are gambling a little bit more, but not everywhere around the state.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Rise in Nevada\u2019s April Gaming Profits, Despite Wobbly Visitation Numbers\" \/>\n<meta property=\"og:description\" content=\"Nevada\u2019s monthly gaming revenue report is in, and they show people are gambling a little bit more, but not everywhere around the state.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-01T19:48:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/NVrevenue.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/\",\"url\":\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/\",\"name\":\"Small Rise in Nevada\u2019s April Gaming Profits, Despite Wobbly Visitation Numbers\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/NVrevenue.jpg\",\"datePublished\":\"2017-06-01T19:48:00+00:00\",\"dateModified\":\"2017-06-01T19:48:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Nevada\u2019s monthly gaming revenue report is in, and they show people are gambling a little bit more, but not everywhere around the state.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/title-small-rise-nevadas-monthly-gaming-revenue-despite-wobbly-visitation-numbers\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/NVrevenue.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/NVrevenue.jpg\",\"width\":600,\"height\":400,\"caption\":\"There\u2019s a little bit of a reason to celebrate, particularly in downtown Las Vegas, where gambling revenues are on the rise, despite a slight dip in overall visitation rates. 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