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New Reports: February Nevada Gaming Summary, 6-Month Summary

By David G. Schwartz on April 10, 2012 11:49 AM | Permalink
I've posted two new reports today, with information gleaned from the February 2012 Nevada Gaming Revenue Report:

Nevada Gaming Statistics: The Last Six Months 
Recent Trends for Casino Revenues, September 2011 to February 2012

Nevada Gaming Statistics: February Comparison Statewide, Las Vegas Strip, Downtown Las Vegas, Washoe County, and Boulder Strip figures for the month of February, 2004-2012 

Together, the reports will give you an idea of just how Nevada gaming is doing. And it's doing quite well as of February, Here's the executive summary for the February report:

February 2012 was a good month for Nevada gaming. While it didn't see dramatic gains, it had a moderately unfavorable comparison to work against (Chinese New Year in January in 2012, but an extra day due to the leap year).
Statewide, the overall win rose by nearly 6%. Slot win increased by double digits, with handle growing by nearly 5%. Slot hold was at a historic February high, but overall there is evidence of increased demand for gambling in Nevada. Table revenues declined less than one percent which, in light of the timing of Chinese New Year, is great news.
On the Las Vegas Strip, Slot revenue increased by more than 10%, only partially paced by a 5% bump in hold percentage. Table revenues shrank by less than 2 percent, which is a testament to the growing strength of non-baccarat tables, since baccarat win declined by 19%. This was a solid month for the Strip, and one that confirms the thesis that we are seeing a broadly-based rise in play that isn't confined to high-end games.
Downtown Las Vegas had a fantastic month, with higher slot hold playing a role. Overall revenues grew by 14%., with slot win up by 20%. Slot hold rose by 11%, though there was still an impressive (8%) rise in overall slot play. Table revenues fell, but had more overall play, which is a good sign. Downtown appears to be performing solidly once again.
The Boulder Strip, a weathervane for local Las Vegas play, boasted an impressive 23% increase in win, driven primarily by an 18% increase in slot hold. Slot handle grew by a comparatively modest 3%. Table win increased by nearly 45%, with both hold and handle growing. People bet more money and were less lucky this February.
Washoe County showed improvement, with an 8% gain in overall revenues and good showings for both table and slot play. The market appears to have stabilized, though it is still down 22% from its pre-recession levels.


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