Extra weekend in July helps Nevada gaming win top $1bn

Casino Review Financial Nevada
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Five full weekends in July, including a three-day Independence Day holiday weekend, helped Nevada casinos to win $1bn (€897m) during the month, a 10 percent increase compared to July 2015.

 

[dropcap]I[/dropcap]n the first billion dollar month since May 2015, The Las Vegas Convention and Visitors Authority also reported the city had the best July visitor volume on record, with 3.8 million people, a 2.5 percent increase over July 2015.

Convention attendance and the average daily room rates increased with the convention count up 16.5 percent to 351,791 and room rates up 12.8 percent to $119.24 (€106.93) a night.

Occupancy rates for resorts were strong with a 2.2 percentage-point increase to 93.7 percent for the month, with the Strip up 2.3 points to 95.4 percent and motel occupancy up 5.5 points to 80.4 percent, all the highest marks of the year.

From the beginning of the year to date, visitor volume is up 1.7 percent to 25.2 million and convention attendance is up 1.5 percent to 3.9 million.

The Gaming Control Board said the Strip reported a $613m (€550m) win, up 16.8 percent, while downtown Las Vegas reported $41.8m (€37.5m), up 2.5 percent.

Statewide, the gaming win was up 10 percent while Clark County, which reported a monthly win of $867.2m (€777.7m), was up 10.2 percent.

The three-month average for May, June and July, which presents a more trustworthy view of gaming win trends, showed a 3.7 percent increase statewide with Clark County up 4 percent, the Strip, 3.9 percent, and downtown, 5.6 percent.


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