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Unpleasant news for land casino operators
 September 14, 2008, 9:43 am (3 years ago)This week's business report from the Nevada Gaming Control Board had some disappointing news for land casino workers - slot wagering volumes, which distribute about 2/3 of Nevada gaming incomes, are down.
The report indicates that slot players bet $1.1 billion less on slots in July than the same month a year ago, with volumes on the Vegas Strip down by $500 million.
Slot volume dropped twelve percent in July 2008 compared with the same period one year ago, and made up the bad drop in the past 7 consecutive months that slot expenditure has been on the decline. In June 2008 slot volumes dropped ten percent compared to June 2007, showing a speedy rate of decline.
Operators are hoping that a reduction in the cost of gasoline is going to bring players back and stop the progress of the descending spiral.
The good news in the report was that table game play in fact enhanced, going up by five percent on the Strip for high end in addition to usually lower end games: Baccarat play rose 15 % and blackjack grew 7 %. In spite of these hopeful numbers, Strip casinos won 21 % less from table game players in July, mostly because players were simply fortunate, winning a bigger % of wagers than is generally the case.
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