Recovery slows but Nevada casinos still have 14th straight billion-dollar month

Author: Live Casino Direct
Recovery slows but Nevada casinos still have 14th straight billion-dollar month
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Nevada casinos collected almost $1.13 billion in gaming revenue in April. It's the 14th straight month of at least $1000 million in revenue for Nevada casinos. More than 85 percent of the total came from Clark County. Analysts are concerned about the industry's recovery. The industry smashed records in 2021 with $13.4 billion statewide and $7 billion on the Strip. South Lake Tahoe saw gaming revenues decline 15 percent. In Northern Nevada, Washoe County saw a 2. 4 percent decline. Downtown Las Vegas casinos saw an 11.3 percent gaming Revenue decline and the Boulder Strip, which includes casinos in Henderson, was down 10. 3 percent, but Reno experienced a 1 percent increase.

Nevada casinos have made $1 billion in April. The recovery of the Strip is slower than a year ago. Baccarat wagering was up 13.1 percent, but revenue from the game fell 28 percent. Caesars Entertainment CEO Tom Reeg said the NFL Draft brought in visitors but not casino customers.

Nevada casinos have 14th straight billion-dollar month in sports betting and slot play. Sportsbooks saw a nearly 7 percent decline in revenue during April to $25.4 million. Total wagers grew 27.2 percent to $582.6 million, almost 73 percent of which were made on mobile sports wagering apps.

Reid Airport reported more than 4.25 million passengers in April. The number of international passengers is almost 75 percent higher than the first four months of 2021. 16 international air carriers are servicing the facility. The load capacity on international flights grew from 52 percent in January to 90 percent. Las Vegas Convention and Visitors Authority promotes international visitors as an important component of the region's tourism profile.