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Economy Influences Vegas Gaming, Revenue Growth

LAS VEGAS-Swings in real estate and stock market values have a greater effect on the direction of spending than visitation alone, says a recent CBRE report.

By Natalie Dolce | Updated on July 18, 2012

LAS VEGAS-Unadjusted for luck factors and calendar issues, according to the Nevada Gaming Control Board, May 2012 revenue was as follows: Las Vegas Strip gaming revenue was down 18.1% for the month and up 0.2% YTD. Table games revenue, excluding bacc/mini bacc, was down 18.8% for the month and down 3.9% YTD. Bacc/mini bacc revenue was down 45.3% for the month and up 0.3% YTD. Slot revenue was down 3.1% for the month and up 2.0% YTD.

According to a recently CBRE report, which analyzed the data, the firm looked into how wealth metrics impact spending on the Strip, and has concluded that it should generally place a greater emphasis on spending rather than visitation numbers.

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