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The economy improves...with capacity limits in place...milestone gaming totals reached in February
As usual MSM fails to notice...
https://thenevadaindependent.com/article/milestone-gaming-totals-reached-in-february-without-much-strip-help
February marked the 12th straight month of Nevada’s gaming industry bringing in more than $1 billion in gaming revenue, hitting a new milestone even amid lower-than-anticipated Strip resort gaming totals.
With the Omicron variant quieting the normally busy Chinese New Year’s celebration on the Strip, casinos statewide still produced more than $1.1 billion in gaming revenue during February, eclipsing the month’s previous record of $1.07 billion set in 2013.
The slower-than-normal Chinese New Year’s celebration led to a softness in baccarat play, and its contribution of $62.1 million to the Strip’s revenue total of $599.1 million was just 10.3 percent. In February 2013, baccarat revenues were 38 percent of the Strip’s revenue.
Still, the Strip’s February revenue total was the region’s third-highest ever for the month and was up 1.2 percent from the pre-pandemic figure in February 2019.
“For the state to set an all-time win total for the month and the Strip to record its third-highest win total all-time in February without a strong Chinese New Year illustrates the strength we are seeing from locals, domestic customers and leisure travelers,” Gaming Control Board Senior Economic Analyst Michael Lawton said.
The state’s February figure was 44 percent higher than the total recorded a year ago, when casinos were still operating under COVID-19 capacity limitations that had been in place since casinos reopened on June 4, 2020, following a 78-day shutdown.
With the Omicron variant quieting the normally busy Chinese New Year’s celebration on the Strip, casinos statewide still produced more than $1.1 billion in gaming revenue during February, eclipsing the month’s previous record of $1.07 billion set in 2013.
The slower-than-normal Chinese New Year’s celebration led to a softness in baccarat play, and its contribution of $62.1 million to the Strip’s revenue total of $599.1 million was just 10.3 percent. In February 2013, baccarat revenues were 38 percent of the Strip’s revenue.
Still, the Strip’s February revenue total was the region’s third-highest ever for the month and was up 1.2 percent from the pre-pandemic figure in February 2019.
“For the state to set an all-time win total for the month and the Strip to record its third-highest win total all-time in February without a strong Chinese New Year illustrates the strength we are seeing from locals, domestic customers and leisure travelers,” Gaming Control Board Senior Economic Analyst Michael Lawton said.
The state’s February figure was 44 percent higher than the total recorded a year ago, when casinos were still operating under COVID-19 capacity limitations that had been in place since casinos reopened on June 4, 2020, following a 78-day shutdown.
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