Although gaming revenue in Nevada contributes hugely to its overall budget and it never seems to be on the decline, there are certainly times that it takes a minor hit. As any good gamer knows, you cannot be up one hundred percent of the time. The same is true for the house, and recent months proved that even the biggest house of them all, Nevada, can take a downturn.
Baccarat accounts for one the largest single games to bring in considerable amounts of revenue for the area. Over the span of most months, this game alone can pull in over $1 billion dollars. However, recent declines in this, one of the Strip’s most popular games, made major contributions to the state’s losses. When you look at the big picture, there was a total loss of just over $925 million dollars according to the Gaming Control Board. That is a decline of 7.9 percent from the month before. When you look at just the Strip alone, there was a decline of 14.4 percent, leaving businesses there with meager gains of $597 million.
The downturn seemed to come as a surprise to most analysts. However, gaming analysts that are headquartered in Vegas predict the slump to quickly subside as time moves forward. They cite a number of upcoming events, renewed efforts to draw in players, and the inevitable fluctuation of any market as their reasons for making such predictions. Outside of baccarat, the losses could also be blamed on slot machines as well. Revenues from these beloved games dropped by 5.5 percent.
There are some analysts who worry, however, that the revenue and success of a considerable portion of Vegas is relying too heavily on baccarat. Despite these concerns, many other investors in town are confident in knowing that revenue from this game always increases when boxing events and other special showcases are brought to the area, giving them a way to bolster sales when things look to be in dire straights. Baccarat is also a game whose trends can fluctuate severely very quickly, causing many investors to scarcely blink an eye at the downturn.