Did you know that Las Vegas Sands and Wynn Resorts are more Asian than American in terms of their revenue? And did you know that among the MGM properties, Bellagio produces more than four times the revenue of the Monte Carlo or New York New York? This is the kind of data we live for here at the Stat Pack, so without further ado here is a table showing from where Nevada’s major gaming companies pull their revenue:
Gross gaming revenues (GGR) for Macau for the month of July dropped fell 4.5% on an annual basis, the 26th consecutive month of decline. GGR for the first seven months of 2016 dropped 10.5% year over year. Most analysts attribute the decline to a crackdown on corruption in China along with tighter visa policies and a smoking ban on large gaming floors. Into the Macau gaming mix, as of August 23rd, will be added the new Wynn Palace:
Anyhow, here is our second did-you-know item, a comparison of MGM revenue by property, as well as a look at their out-of-state and China operations: Nevada gambling revenues in June increased 6.8% from the same year-ago period. Casino revenues on the Las Vegas Strip – which accounts for more than half of Nevada’s total revenue – were up 9.7% year over year in May. Reno also recorded a 4.5% rise in casino revenues.