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 January. Here’s a brief overview.
The Numbers
Nevada’s non-restricted gaming licensees reported a total “gaming win” of $925,316,080 in January, a 2.8 percent year-over-year decrease.
The first seven months of the fiscal year has been solid for the state of Nevada. Total win from July 1, 2015, through the end of January is up 0.5 percent from the same period a year ago.
Las Vegas Strip
More than $530 million (about 57 percent) of Nevada’s total gaming win in January came…
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