Nevada casino revenue up 5.7 percent in February
Michael Lawton, a senior research analyst for the Nevada Gaming Control Board, said the numbers showed several positive signs, even after accounting for a 3.5 percent bump because of the leap year adding a day to the month. Las Vegas Strip casinos won $113.9 million from baccarat, down nearly 19 percent from the same month last year but still far more than the amount won from blackjack, craps, roulette and other table games. Analyst Mark Strawn of Morgan Stanley Research said that while baccarat weighed on the results, the Strip is showing signs of sustainable recovery at its core. "Given the calendar shift, we believe February's results should be viewed on a two-month combined basis with January, and total Las Vegas Strip gaming revenue was up 16 percent in January and February (combined)," Strawn told investors in a note.
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