Casinos continued their slow and steady recovery in May, growing revenues for the first time since November.
(PRWEB) July 02, 2014
American casinos continued their slow and steady recovery in May, growing revenues for the first time since November, the last time revenues rose nationally both overall and same-store.
Even factoring out Nevada, which had a strong May partly thanks to playing lucky at the tables and a surge in baccarat along the Strip, the comparisons were the best this year.
Of course, better doesn’t necessarily mean good. In fact, regional casino revenues still declined 0.46 percent from last year, and 3.78 percent factoring out new casinos.
And May had one more weekend date than last year.
Further, subtract Strip resort baccarat win, and numbers were down – 0.9 percent in Nevada and 0.4 percent nationally.
Still, there is no doubting the improvement.
Details on US revenues are in the latest edition of Fantini’s National Revenue report. This 106-page report is available under the Products tab at http://www.fantiniresearch.com, or by calling toll-free to Ashley Hara or Mike Pelrine at 866-683-4357.
About Fantini Research: Fantini Research publishes the daily Fantini’s Gaming Report and provides other information, research and consulting services to investment professionals and corporate executives in the gaming industry. Additional information regarding Fantini Research products and services can be obtained calling Mike Pelrine at the phone number above, or by visiting http://www.fantiniresearch.com.