![]() Colin Mansfield, an analyst who covers gaming and leisure at Fitch Ratings, says no one is waiting for Las Vegas to recover. Hotel occupancy is also down nearly 18% from 2019 and convention attendance is down 41% from 2019.Īfter a year of $1 billion in monthly gaming revenues, the state’s casinos have bounced back from the depths of the pandemic-induced recession. “Slot win is on this torrid pace,” says Lawton.Īccording to the Las Vegas Convention and Visitors Authority, visitor volume to Vegas was up 70% in February compared with last year, but still down 18% compared with 2019. The classic casino cash cow brought in nearly 70% of the state’s total gambling revenues in February, which is above the 10-year average of 63.3% of state revenues coming from slots. Instead, slot machines continued to carry their weight. But with international travel still below pre-pandemic levels, baccarat win percentage of total gaming revenues on The Strip only hit 10.37% in February, down from 29.2% in February 2018. “Once I saw the event calendar, I would’ve been shocked if we didn’t hit $1 billion.”įebruary is usually a big month for baccarat, especially during Chinese New Year. “I’m not super surprised by this month’s results,” says Lawton. ![]()
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