LV Strip revenue down 61.4 percent in June

Las Vegas
Las Vegas

Gross gambling revenue was down 61.4 percent on the Las Vegas Strip in June after casinos reopened following the Covid-19 shutdowns.

This was slightly better than the 62.2 percent drop analysts at Deutsche Bank had expected.

Casinos opened their doors on June 4th after a two-and-a-half month shutdown. 

Locals GGR of $135.9 million was down 28.0 percent year on year.

Revenue from slots fell 29.1 percent

Strip slot handle was down 47.6 percent, while table volumes, excluding baccarat, were down 56.0 percent, the analysts noted.

Baccarat volumes were down 54.3 percent y/y in June, while revenue declined 70.3 percent. Last year’s figures benefited from an abnormally high hold of 20.9 percent against 13.6 percent this year. 

The Downtown Las Vegas market was down 55.6 percent year over year in June to $23.2 million while Reno GGR of $46.6 million was down 8.5 percent.