The vegas Strip enjoyed a revenue that is healthy in March. (Image: Wikipedia.org/Lasvegaslover)
Signs that Las Vegas continues on the path to monetary recovery, as the Nevada Gaming Control Board announced that statewide income had increased 7.6 percent, to $982.2 million, during the month of March, and by 10.9 percent on the Strip, to $560.7 million.
The numbers reverse a two-month decline in gaming revenue so far in 2014, with table games, and baccarat in particular, yielding a robust turnover. Year-over-year, baccarat revenue increased by 39.9 per cent in March, while craps revenue grew by 36 percent, and blackjack up by 6.1 percent.
Slot machine turnover, meanwhile, was up 3.8 percent, showing an increase for the third month in a row. Baccarat, a high roller game which analysts believe had been instrumental in keeping the casinos afloat in the wake associated with economic crisis, grew to $101.8 million in revenue, with the cards favoring the home 4 percent more than they did year that is last. However, even without baccarat, statewide profits would still be up 4.8 percent throughout the board.
The figures reveal signs that customers are spending and gambling again, although they also recommend a new affluent Vegas demographic is emerging the one that spends money on table gaming, nightlife, restaurants and tourist attractions, rather than funneling money into just slot machines.