Las Vegas Strip Casino Gambling Revenue Falls Six Percent In October After Mass ShootingCity Feels Economic Impact Of Tragedy |
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Gaming revenue on the Las Vegas Strip took a nosedive in October, following the horrific mass shooting near the Mandalay Bay casino the first weekend of the month.
The Nevada Gaming Control Board said that the 39 casinos on or around the iconic gambling corridor won a combined $528.6 million from gamblers, down just over six percent compared to winnings in October 2016. According to the Las Vegas Convention and Visitors Authority, visitor volume to the city dropped 4.2 percent year-over-year in October.
Clark County as a whole saw gaming win fall just 0.3 percent in October, as both Downtown Las Vegas and the Boulder Strip absorbed some of the gambling demand that temporarily left the Strip. Winnings in those latter two locations grew 10 percent and 17.1 percent, respectively.
The LVCVA said that hotel occupancy in terms of “total room nights occupied” fell four percent to 4.1 million,. Though, it appears that not many people canceled their flights to Las Vegas thanks to the mass shooting. The total number of airplane passengers at McCarran International Airport inched up 1.5 percent to 4.3 million for the month, a new record for the airport. The convention industry also appeared generally unaffected by the tragedy, as attendance for those events grew 35.9 percent year-over-year to 687,000.
As for gaming, nearly every game at casinos on or around the Strip experienced a lackluster month. Though baccarat, by far the most lucrative table game for the casinos thanks to high-roller play, was flat for October with revenue of $86.1 million.
Strip area poker revenue from the 18 poker rooms was $5.3 million, less than one percent off from rake in October 2016, according to the figures from regulators.
It is worth noting that this past October had one fewer weekend than October 2016.
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