LV Strip GGR dips 1% from 2019, but up 8.3% in Q2

Gross gambling revenue on the Las Vegas Strip dipped 1 percent in June, but beat Deutsche Bank expectations for a 3.5 percent fall, bringing the result for the quarter to an 8.3 percent gain on 2019.

The month is down 6.9 percent from May. LV Locals GGR of $269.8 mm was up 42.9 percent versus June of 2019, bringing 2Q21 to up 28.3 percent versus 2019.

“The +42.9 percent result compares favorably to our +15.9 percent DB DIG estimate,” the firm said.

Gaming revenue in the U.S. has shown a strong bounce back since last year’s lockdowns, with pent-up demand fuelling growth.