Saturday, April 10, 2010

Las Vegas Strip Casinos Post 33% Increase In February, Atlantic City Casino Revenue Down Almost 6% In March

Feather News

The 41 casinos on the Las Vegas Strip showed a 32.8 percent increase in its gambling revenue during the month of February compared to the same period last year while Atlantic City's 11 casinos recorded a 5.6 percent decline in revenues during the month of March. The revenue reported by the casinos in Nevada trail those of New Jersey by one month.

The Las Vegas Strip numbers reflect the largest monthly increase in over 10 years and was driven by a 255 percent increase in baccarat win compared to the same month last year. Other casinos in the state of Nevada did not fare as well. Nevada casinos, overall, reported a 13.9 percent increase in gaming revenue during February.