The declines were offset by a 20% increase in Strip gambling revenue in October and the fact that gambling revenue from November 2006 was 22% higher than November 2005. Casinos stocks fell on Friday, as did the Dow Jones Industrial Average.
Visitor statistics for November have not yet been released. In October, visitation was essentially unchanged from the previous October at 3.4 million. Year-to-date, visitation is up 0.8%, Strip gaming revenue is up 2.49% and statewide gaming revenue is up 1.43%.
In Clark County as a whole, gaming revenue fell 16.26% in November, but remained up 2% for the year. In Washoe County, which includes the Reno area, gaming revenue fell 0.8% and is off 3.9% year-to-date.
The Gaming Control Board attributed the decline to a lack of big special events and fewer high-end gamblers. Nothing big happened in Vegas in November compared to the previous November, when events included concerts by the Rolling Stones and Barbara Streisand and the Floyd Mayweather-Carlos Baldomir boxing match. The evidence for fewer high rollers was a 61% drop in casino revenue from one of their favorite games, baccarat.
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