News
Casino Update: Gambling Down, Tourism Up in Vegas
A record number of visitors hit Las Vegas this year, but they continued a trend of skipping the tables for restaurants, shops and nightclubs. Gambling revenue on the Strip shrunk by 2.1% last year, to $6.37B, reversing a four-year recovery from the recession. Most troublingly, baccarat revenue declined by 7.1%. after years of success driven by deep-pocketed Asian tourists.
Yet a record 41.1M people visited Sin City, up a healthy 3.7% from 2013. And total revenue on the Strip surged 5%, to $16.3B, besting the previous record from 2007 of $15.8.
