Vegas Strip Revenue Plunges 16.3% In June

With revenue in the world’s largest gaming destination, Macau, China, recently falling to its lowest level since November 2010, casino investors have been looking to the state of Nevada for some much-needed good news this year. The state’s Gaming Control Board recently released its report on gaming revenue for the month of June. Here’s a summary of the report.

The Numbers

Nevada’s non-restricted gaming licensees reported a total “gaming win” of $830,940,221 in June, an 8.37 percent year-over-year decrease. The updated fiscal year picture continues to look soft for the state of Nevada. Total win from July 1, 2014, through the end of June is down 1.5 percent from the previous year.

Las Vegas Strip

More than $445 million (more than 53 percent) of Nevada’s total gaming win in June came…

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