pacomartin
pacomartin
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Joined: Jan 14, 2010
March 14th, 2010 at 8:53:04 PM permalink


I tried to add slots to my earlier graph showing the change in revenue of table games on the strip. Since slot revenue is much higher I offset the slot revenue by $2 billion.

Gaming news report are being optimistic about the last several months of data. Quoting Howard Kurtz of LVRJ in February 2010:
If there was a bright spot, it might have been December. Strip casinos, meanwhile, recorded their second straight monthly revenue increase, winning $502.1 million from gamblers, a 5.9 percent jump compared with $474.2 million in December 2008.


I feel that my graph better conveys that the only recent comeback has been in baccarat. Other forms of gaming are still dropping badly compared to historical levels. If this behavior continues for another year, the strip will probably be radically altered as companies begin to shed facilities that only offer slots and games other than baccarat (Circus Circus, Terrible's, Riviera, ...). I just read that Las Vegas is open to spring breakers. Teenagers, most of which are too young to gamble, and like to drink cheap booze.
odiousgambit
odiousgambit
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March 15th, 2010 at 8:23:45 AM permalink
actually I suggest you also just use a line graph for the Baccarat.

and I would add a line for all gambling except Baccarat
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
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