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Casino revenue falls in Nevada

Casino revenue falls in Nevada

The casino revenues in Nevada have fallen in August due to a decline across the board for table games. All of this is despite the fact that slot machines have been gathering more and more money with each passing month.

Figures released by the Nevada Gaming Control Board this Wednesday show that gaming revenue fell 1.4% to $908.2 million in August. This is the third straight month that sees negative numbers. Casinos located on the Las Vegas Strip led this decline, falling 4.7% to $527.4 million. The first eight months of 2015 saw a statewide revenue growth of 1% while the Strip revenue is down 1.9%.

Statewide slots winning s are up almost 10% to $575.6 million. Tables games have been hit the worst and they're in the red everywhere. Out of them baccarat fell the hardest by 25.1%. Blackjack saw its revenues drop by almost 15.5%, craps 10.8% and roulette 17.7%.

The rest of the table games also saw a lot of losses. Pai Gow Poker went down by 22.7%, let it ride 5.6%, keno 7% and bingo also reported a net loss of $216k, down by 450% year-on-year. Out of all of these table games it seems that Pai Gow was the only one to see growth with a 33.4% increase in their revenues.

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