February saw a dramatic revenue decrease for Nevada casinos, dropping 9.3% year-over-year to $1.22 billion from $1.34 billion in February 2024. This revenue decline also impacted the fiscal year total, showing a decline of over 1.1%. Clark County’s casinos, especially on the Las Vegas Strip, were hit hard, with baccarat and table game revenues seeing substantial decreases. Overall hotel occupancy rates fell alongside gaming revenues, compounded by a significant drop in convention attendance, highlighting broader economic challenges facing the region.
Baccarat revenue fell more than 51%, resulting in overall table game revenue slipping more than 22%. This impacted casino revenue significantly on the Las Vegas Strip.
Clark County, home to Las Vegas, saw revenue down 9.7% to $1.06 billion, contributing to a fiscal year drop of just over 1.1%.
Revenue dropped 9.3% year-over-year to $1.22 billion in February, reflecting a drastic shift after a boom in January for Silver State operators.
The gaming revenue decline corresponds with a 3.4% fall in hotel room occupancy rates and a significant 19.5% decrease in convention attendance.
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