Baccarat biggest loser as y/y revenue declined 70.3 percent
Gross gambling revenue was down 61.4 percent on the Las Vegas Strip in June after casinos reopened following the Covid-19 shutdowns. This was slightly better than the 62.2 percent drop analysts at Deutsche Bank had expected.
Las Vegas Strip casinos opened their doors on June 4th after a two-and-a-half-month shutdown, managing GGR of US$135.9 million, which was down 28.0% year on year. Revenue from slots fell 29.1 percent
Strip slot handle was down 47.6 percent, while table volumes, excluding baccarat, were down 56.0 percent. Baccarat volumes were down 54.3 percent y/y in June, while revenue declined 70.3 percent.
Last year’s figures benefited from an abnormally high hold of 20.9 percent against 13.6 percent this year. The Downtown Las Vegas market was down 55.6 percent year over year in June to $23.2 million while Reno GGR of $46.6 million was down 8.5 percent.