Gaming Off in Vegas

Gaming figures were off for the month of February according to the Nevada Gaming Control Board. They say that slot machine revenues were down, as were table game revenues, but baccarat numbers were especially high. They had the Chinese New Year during the month of February, which accounts for the increase in high wagering on baccarat.

However, with the events that the casinos in Vegas had going on, you would think that their numbers would be higher. They had a three day President’s Day Weekend, a ten day Chinese New Year, and they played host for the first time to the NBA All Star Game. With these events all taking place in one month, experts say that their numbers should have been higher than previous years, but for some reason their increase was lower.

Experts say that table games revenue has been low for the last two months, and with slot machine revenue being down this month they say they have to keep an eye on their numbers for March. They say they have not seen slot machines decline for two months in a row since 9-11, so they want to make sure that it does not happen again.

Some casinos, such as the MGM Mirage, are excited about the fact that baccarat numbers are high. They say that those are usually their higher number games, and they bring in a higher wagering clientele – so if those numbers are up that means that their numbers will be up. They say that the majority of their revenue comes from the baccarat tables, so this is especially good for them.

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