With revenue in the world’s largest gaming destination, Macau, China, continuing to decline, casino investors have been looking to the state of Nevada for some much-needed good news this year.
The state’s Gaming Control Board has released its report on gaming revenue for the month of December. Here’s a summary of the report.
The Numbers
Nevada’s non-restricted gaming licensees reported a total “gaming win” of $982,060,730 in December, a 3.3 percent year-over-year (Y/Y) increase.
The first half of the fiscal year has been encouraging for the state of Nevada. Total win from July 1, 2015, through the end of December is up 1.1 percent from the same period a year ago.
Las Vegas Strip
More than $600 million (about 61 percent) of Nevada’s total gaming win in December came…
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