The move comes as the casino operator struggles to mitigate losses imposed by the COVID-19 pandemic. For Q3 2020, it saw a 66% drop in revenue year-on-year, with revenue totaling $1.1bn. MGM attributed this to “restrictions related to the pandemic.” Net revenue for its Las Vegas operations fell 68% compared to 2019, generating $481m. Casino revenue on the Las Vegas Strip fell 39% to $330.1 million in July from a year ago, the first full month properties were open after the coronavirus shutdown, showing the city is struggling As a sign that Las Vegas is grappling with bringing customers back, casino revenue on the Strip plunged nearly 40 percent to just over $330 million in July. Las Vegas Strip Revenue Down Nearly 40 Percent, Nevada Gaming Industry Reeling. Posted on: October 28, 2020, 10:35h. Last updated on: October 28, 2020, 12:07h. According to VegasOnlineCasino.com, the Nevada Gaming Control Board revealed that casinos in the town generated $24.54 billion in revenue last year. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football). Gaming led the way at $8.75 billion, food and booze generated about $5 billion and hotel rooms generated about $6.44 billion. US Casino Operators Dominate Global Gaming Industry, Las Vegas Sands No. 1. Posted on: July 18, 2020, 04:04h. Last updated on: July 20, 2020, 09:39h. The report said gambling revenue decreased statewide in 2020, including Las Vegas, Reno, Lake Tahoe, Elko and rural areas. The Las Vegas Strip recorded a total win of $3.7 billion for the year, down 43.3% from 2019. Washoe County casinos tallied $676 million, a decrease of 21.1% and the lowest total since 1986. Las Vegas Strip Table Mix Updated February 2020 The Evolution of Casino Games--Revenue and Unit Share,1985-2019. Nevada Gaming Revenues,1984-2020 Updated February 2021 Calendar Year Revenues for Selected Reporting Areas: Statewide, Las Vegas Strip, Downtown Las Vegas, Boulder Strip, and Washoe County Find the latest version of the LVCVA Executive Summary of Southern Nevada Tourism Indicators and the Las Vegas Historical Visitation Statistics: 1970-2019. The Monthly Revenue Report is a summary of revenue information for nonrestricted gaming activity. Each report reflects 1-month, 3-month, and 12-month data. Prior to 2004, only fiscal and calendar year-end reports are available.
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