Laughlin Buzz

Jun 27, 2014

Nevada Revenue up 8.11%, Laughlin down 4.89% for May

The Gaming Control Board release numbers on Friday showing that Nevada gaming revenue jumped 8.11% for the month of May (2014).  This included the Las Vegas Strip's largest single month increase for the year. 

Statewide Casinos collected $970.3 million in the month of May.  Of that, Strip casinos collected almost $593 million, a 17.3 percent increase compared to May 2013.  The Strip’s results helped offset monthly losses reported by casinos in other areas of Clark County, including downtown, North Las Vegas, Laughlin and the Boulder Strip. 

Laughlin revenue was down -4.89% to $38,288,160 for the month of May compared to  $40,257,643 last year.  

According the the Las Vegas Review Journal: High-end baccarat play associated with Mayweather’s world welterweight championship fight with Marcos Maidana at the MGM Grand Garden May 3 fueled the increase.

Baccarat play accounted for 29 percent of the Strip’s total revenue. Revenue from baccarat grew 88.7 percent to $170.9 million. Gamblers wagered $1.03 billion on baccarat, an increase of 26.4 percent. The hold percentage — the amount of money casinos held on wagers — was 16.63 percent, well above the 11.14 percent hold in May 2013. 

Without baccarat, Strip gaming revenue still would have increased but only by 1.7 percent.

As far as we are aware there is no baccarat in Laughlin, although we have seen advertisements for mini-baccarat at the Aquarius Casino. 

To see the complete gaming report of the picture above for May see this link.

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All content and pictures are presented for informational and entertainment purposes. Time, events, data, and dates are subject to change by the property responsible for them. Number are quoted and taken from the Nevada Gaming Control Board Press Releases and the Las Vegas Review Journal.  We are not affiliated with, nor receive any compensation from any of the properties or entities mentioned herein.    

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