Las Vegas Gaming Revenue Drops, Conventions Save the Day
Las Vegas News Today | 2 Min Now | The Daily News Now! · The Daily News Now!
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Show Notes
Las Vegas Strip casinos experienced an 11% drop in gaming revenue in January, but big conventions like CES and SHOT Show boosted visitor numbers, leading to a surge in average daily room rates and revenue per available room. Despite optimism from industry leaders, analysts remain cautious due to tough comparisons and predict stronger cash flow in the second quarter. Wagering increased across categories, but the house hold was lower, particularly on baccarat. International passengers declined, but new direct flights to Paris and Sydney aim to help. Look for a boost in March from the CONEXPO construction trade show.
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