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.
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