Las Vegas Strip Gambling Revenue Jumps 28% in July on Baccarat

Gambling revenue on the Las Vegas Strip surged 28 percent to $597.5 million in July, driven by an increase in baccarat play.

Total Nevada gaming revenue rose 17 percent to $1.01 billion in July from a year earlier, the state’s Gaming Control Board said today in a statement. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, increased 21 percent to $867 million, the board said.

Strip baccarat revenue more than doubled to $190 million in July, compared to the same period last year. Craps also gained.

MGM Resorts International (MGM), the largest casino operator on the Las Vegas Strip, rose 1 percent to $10.81 at 10:51 a.m. in New York. Wynn Resorts Ltd. (WYNN) gained 0.3 percent to $103.01 while Caesars Entertainment Corp. (CZR) fell 0.3 percent to $7.20.

To contact the reporter on this story: James Callan in New York at jcallan2@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.