October 2015 Las Vegas Gaming Revenue and Visitor Statistics have been released.
Las Vegas visitation was up again in October increasing +5.6% year over year. This translated into citywide occupancy up +3.7% with average room rates and revenue per available room increasing significantly (+11.7% and +16.3% respectively). Total room nights occupied were up +3.3%. October was a another strong month for convention attendance, which was up +12.6%.
Downtown continued its winning streak with strong occupancy (+7.7%), average daily rate (+11.1%), and revenue per available room (+21.7%) all trending upwards.
Air traffic was also up again in October, increasing +6.4% year over year.
Gaming revenue on the Strip was down -5.12%. Slots were flat while table games were down -10.22%. It seems as if gamblers were lucky in October as table game win percentages were lower than normal.
Downtown had a slow gaming month, down -6.5% overall. Weakness in slot machines (-12.43%) offset strength in table games (+7.21%) in October.
The up and down Las Vegas locals market was down this time, as the Boulder Strip was -6.55% in October while North Las Vegas was -3.96% year over year.
In conclusion, October was a really strong month for Las Vegas visitation, while gaming numbers were a little disappointing in part because of lower hold. The weak gaming numbers seem to reflect the fact that people are gambling less in Las Vegas, but it's kind of hard to tell with high end play and hold percentages skewing the numbers so much.
Showing posts with label Statistics. Show all posts
Showing posts with label Statistics. Show all posts
Monday, November 30, 2015
Friday, October 30, 2015
September 2015 Revenue and Visitation Numbers
September 2015 Las Vegas Gaming Revenue and Visitor Statistics have been released.
Las Vegas visitation was robust increasing +6% in September year over year. This translated into citywide occupancy up 4% with average room rates and revenue per available room increasing significantly (+8.8% and +13.9% respectively). Total room nights occupied were up 3.6%. September was a particularly strong month for convention attendance, which was up 23.9%.
Downtown continued its winning streak with strong occupancy (+5.8%), average daily rate (+19.4%), and revenue per available room (+28.3%) all trending upwards.
Air traffic was also up again in September, increasing +5.9% year over year.
Gaming revenue on the Strip was up +2%. High end baccarat, which has been a struggle for casinos lately, had a better month on the Strip in September increasing +23.39% from last year.
Downtown had more good news with total gaming revenue up +9.3%. Slot machines (+7.55%) and table games (+12.33) both showed healthy increases.
The up and down Las Vegas locals market was down this time, as the Boulder Strip was -5.52% in September while North Las Vegas was -7.32% year over year.
All in all September was a really good month for Las Vegas. The Strip and downtown both showed strong hotel results. Strip gaming numbers seem to be improving, while downtown gaming is really going strong. It will be interesting if these impressive trends continue through the end of 2015 and into 2016.
Las Vegas visitation was robust increasing +6% in September year over year. This translated into citywide occupancy up 4% with average room rates and revenue per available room increasing significantly (+8.8% and +13.9% respectively). Total room nights occupied were up 3.6%. September was a particularly strong month for convention attendance, which was up 23.9%.
Downtown continued its winning streak with strong occupancy (+5.8%), average daily rate (+19.4%), and revenue per available room (+28.3%) all trending upwards.
Air traffic was also up again in September, increasing +5.9% year over year.
Gaming revenue on the Strip was up +2%. High end baccarat, which has been a struggle for casinos lately, had a better month on the Strip in September increasing +23.39% from last year.
Downtown had more good news with total gaming revenue up +9.3%. Slot machines (+7.55%) and table games (+12.33) both showed healthy increases.
The up and down Las Vegas locals market was down this time, as the Boulder Strip was -5.52% in September while North Las Vegas was -7.32% year over year.
All in all September was a really good month for Las Vegas. The Strip and downtown both showed strong hotel results. Strip gaming numbers seem to be improving, while downtown gaming is really going strong. It will be interesting if these impressive trends continue through the end of 2015 and into 2016.
Wednesday, September 30, 2015
August 2015 Revenue and Visitation Numbers
August 2015 Gaming Revenue and Visitor Statistics have been released.
Las Vegas visitation was up slightly increasing +1.6% in August year over year. Citywide occupancy was also up slightly (+0.7%) but surprisingly average room rates and revenue per available room were down somewhat significantly (-5.8% and -5% respectively). Total room nights occupied were flat. I'm pretty surprised that room rates dropped, especially considering that convention attendance was +26.1% year over year.
Downtown however was strong with occupancy (+5.3%), average daily rate (+6.8%), and revenue per available room (+14.3%) all trending upwards.
Air traffic was also up again in August, increasing +7.2% year over year.
Gaming revenue on the Strip was down -4.65%. Every major table game was down double digits, reflecting continuing softness in the high end market. Slot machines on the Strip were +12% though which was probably reflective of the higher visitation and conventioneers in town.
Downtown had more good news with total gaming revenue up +15%. This result was fueled by slot machines (+23.2%) offsetting a small decline in table games (-3.39%). Higher visitation helps slot play, and downtown has definitely been busy lately.
The up and down Las Vegas locals market was up this time, as the Boulder Strip was +29.74% in August while North Las Vegas was +21.2% year over year.
It looks like the Strip has been pretty average over the past few months, while downtown remains strong. I'm not sure you can say that "gamblers are moving downtown" since the two markets are so different, but you can definitely sense the continuation of the downtown resurgence that has been a few years in the making. The strong locals numbers for August probably helped downtown as well.
Las Vegas visitation was up slightly increasing +1.6% in August year over year. Citywide occupancy was also up slightly (+0.7%) but surprisingly average room rates and revenue per available room were down somewhat significantly (-5.8% and -5% respectively). Total room nights occupied were flat. I'm pretty surprised that room rates dropped, especially considering that convention attendance was +26.1% year over year.
Downtown however was strong with occupancy (+5.3%), average daily rate (+6.8%), and revenue per available room (+14.3%) all trending upwards.
Air traffic was also up again in August, increasing +7.2% year over year.
Gaming revenue on the Strip was down -4.65%. Every major table game was down double digits, reflecting continuing softness in the high end market. Slot machines on the Strip were +12% though which was probably reflective of the higher visitation and conventioneers in town.
Downtown had more good news with total gaming revenue up +15%. This result was fueled by slot machines (+23.2%) offsetting a small decline in table games (-3.39%). Higher visitation helps slot play, and downtown has definitely been busy lately.
The up and down Las Vegas locals market was up this time, as the Boulder Strip was +29.74% in August while North Las Vegas was +21.2% year over year.
It looks like the Strip has been pretty average over the past few months, while downtown remains strong. I'm not sure you can say that "gamblers are moving downtown" since the two markets are so different, but you can definitely sense the continuation of the downtown resurgence that has been a few years in the making. The strong locals numbers for August probably helped downtown as well.
Friday, August 28, 2015
July 2015 Revenue and Visitation Numbers
July 2015 Gaming Revenue and Visitor Statistics have been released.
Las Vegas visitation was up a strong 5.3% in July year over year. Citywide occupancy, average room rates, revenue per available room, and total room nights occupied were all up across the board. I'm impressed, even more so considering that it was a slow convention month with attendance down 9.4%
Perhaps the strongest increase was in air traffic, which increased 8.8% year over year in July.
Gaming revenue on the Strip was down 2.09%. High roller play was still a little soft with baccarat down 20.8% which isn't as bad as the previous month. Craps was also down 25.5 on the heels of Steve Wynn lowering odds to 2X at the beginning of the month. I doubt that move had much of an impact though.
Downtown table games were strong again while slots were also up a little bit - the combined total resulted in gaming revenue up 6.54%. The headline was strong craps revenue which was up 39.34%. It's pretty unlikely that some Wynn players moved downtown in protest, but you never know.
The strength in the Las Vegas locals market took a hit as the Boulder Strip was down 11% in July while North Las Vegas was down 9.4% year over year.
So, really strong visitation numbers for July. Really strong. Gaming was mixed with a slight decline on the Strip, but strong downtown. As much as I would like to say that people are migrating downtown for the better gaming odds, I don't know if that's really the case. Weakness in the overseas markets are probably as much to blame for the Strip numbers as anything.
Las Vegas visitation was up a strong 5.3% in July year over year. Citywide occupancy, average room rates, revenue per available room, and total room nights occupied were all up across the board. I'm impressed, even more so considering that it was a slow convention month with attendance down 9.4%
Perhaps the strongest increase was in air traffic, which increased 8.8% year over year in July.
Gaming revenue on the Strip was down 2.09%. High roller play was still a little soft with baccarat down 20.8% which isn't as bad as the previous month. Craps was also down 25.5 on the heels of Steve Wynn lowering odds to 2X at the beginning of the month. I doubt that move had much of an impact though.
Downtown table games were strong again while slots were also up a little bit - the combined total resulted in gaming revenue up 6.54%. The headline was strong craps revenue which was up 39.34%. It's pretty unlikely that some Wynn players moved downtown in protest, but you never know.
The strength in the Las Vegas locals market took a hit as the Boulder Strip was down 11% in July while North Las Vegas was down 9.4% year over year.
So, really strong visitation numbers for July. Really strong. Gaming was mixed with a slight decline on the Strip, but strong downtown. As much as I would like to say that people are migrating downtown for the better gaming odds, I don't know if that's really the case. Weakness in the overseas markets are probably as much to blame for the Strip numbers as anything.
Tuesday, July 28, 2015
June 2015 Revenue and Visitation Numbers
June 2015 Gaming Revenue and Visitor Statistics have been released.
Las Vegas visitation was up 2.4% in June. Average room rates were pretty flat with the exception of Downtown, where they dropped 22.5%. I'm not exactly sure why rates dropped so much downtown but it's a welcome trend for bargain hunters.
Gaming numbers were hurt by lackluster high roller play as statewide baccarat was down 56% from last June. That 56% figure is huge, but this period in 2014 was exceptionally strong for baccarat, so a decline wasn't altogether unexpected. The weak baccarat resulted in Las Vegas Strip revenue down 16.31% overall.
It appears some of the factors that have caused a decline in Macau gaming could have reached Las Vegas. Those include tighter anti-corruption regulations that might prevent Chinese VIP players from travelling overseas. The strong dollar has also been mentioned as a part of the equation.
Downtown table games were strong across the board while slots were down - the combined total resulted in gaming revenue up 2.26%. The strength in the Las Vegas locals market continued on the Boulder Strip which was up 6.28% while North Las Vegas was down 0.13% year over year.
Aside from the soft baccarat numbers it looks like June was a pretty average month for both visitation and gaming statistics.
Las Vegas visitation was up 2.4% in June. Average room rates were pretty flat with the exception of Downtown, where they dropped 22.5%. I'm not exactly sure why rates dropped so much downtown but it's a welcome trend for bargain hunters.
Gaming numbers were hurt by lackluster high roller play as statewide baccarat was down 56% from last June. That 56% figure is huge, but this period in 2014 was exceptionally strong for baccarat, so a decline wasn't altogether unexpected. The weak baccarat resulted in Las Vegas Strip revenue down 16.31% overall.
It appears some of the factors that have caused a decline in Macau gaming could have reached Las Vegas. Those include tighter anti-corruption regulations that might prevent Chinese VIP players from travelling overseas. The strong dollar has also been mentioned as a part of the equation.
Downtown table games were strong across the board while slots were down - the combined total resulted in gaming revenue up 2.26%. The strength in the Las Vegas locals market continued on the Boulder Strip which was up 6.28% while North Las Vegas was down 0.13% year over year.
Aside from the soft baccarat numbers it looks like June was a pretty average month for both visitation and gaming statistics.
Wednesday, July 22, 2015
Sands Reports Strong Las Vegas Numbers
Las Vegas Sands reported positive trends in their Las Vegas operations (Venetian and Palazzo) when they released second quarter 2015 earnings earlier today.
Compared to the same quarter last year:
Hotel room revenue was up 5.8%.
Food and Beverage was up 5.1%.
Convention, Retail and Other was up 0.7%.
Table games drop was up 6.0%.
Slot handle was up 15.4%.
Occupancy was 92.6% - up from 90.1%.
Average Daily Rate was $231 up 3.6%.
Revenue per Available Room was $ 214 up 6.5%.
Despite these positive numbers, overall Las Vegas revenue was actually down 17.1% from last year due to a poor hold percentage.
Also Las Vegas is only a small piece of the LVS pie, as Macau and Singapore make up the bulk of the company's revenue. Both of those markets were down compared to last year.
Compared to the same quarter last year:
Hotel room revenue was up 5.8%.
Food and Beverage was up 5.1%.
Convention, Retail and Other was up 0.7%.
Table games drop was up 6.0%.
Slot handle was up 15.4%.
Occupancy was 92.6% - up from 90.1%.
Average Daily Rate was $231 up 3.6%.
Revenue per Available Room was $ 214 up 6.5%.
Despite these positive numbers, overall Las Vegas revenue was actually down 17.1% from last year due to a poor hold percentage.
Also Las Vegas is only a small piece of the LVS pie, as Macau and Singapore make up the bulk of the company's revenue. Both of those markets were down compared to last year.
Saturday, June 27, 2015
May 2015 Revenue and Visitation Numbers
The May 2015 Gaming Control and LVCVA numbers are out.
Many people were expecting a huge month as a result of the May-Pac fight and Rock In Rio. While visitation increased 4.8%, gaming revenue on the Strip was only up 1.39%. Baccarat was the biggest culprit for the Strip's mild numbers. Statewide baccarat was down 36.39% from last May.
Downtown had a better result, with gaming revenue jumping up 15.45%. This is good news for The Plaza and Downtown Grand - two recently refreshed properties that have struggled a bit to find their footing after reopening.
The Boulder Strip and North Las Vegas were also up double digits. This shows strength in the Las Vegas locals market.
What I'm seeing from these numbers is strong tourist trends, and seemingly good locals numbers as well. If you discount the baccarat numbers May 2015 was a really strong month for Las Vegas.
Many people were expecting a huge month as a result of the May-Pac fight and Rock In Rio. While visitation increased 4.8%, gaming revenue on the Strip was only up 1.39%. Baccarat was the biggest culprit for the Strip's mild numbers. Statewide baccarat was down 36.39% from last May.
Downtown had a better result, with gaming revenue jumping up 15.45%. This is good news for The Plaza and Downtown Grand - two recently refreshed properties that have struggled a bit to find their footing after reopening.
The Boulder Strip and North Las Vegas were also up double digits. This shows strength in the Las Vegas locals market.
What I'm seeing from these numbers is strong tourist trends, and seemingly good locals numbers as well. If you discount the baccarat numbers May 2015 was a really strong month for Las Vegas.
Wednesday, April 01, 2015
2015 Revenues Down in Vegas and Macau
Gaming revenues are down both on the Las Vegas strip, and in the once red-hot but now struggling Macau.
On the Vegas strip February 2015 revenue came in at 531.3 million compared to 555.7 million last year, according to the gaming control board.
In Macau the news was even worse, although not unexpected, with March 2015 revenues dropping almost 40%. Tighter government regulations have put a lid on Macau's explosive growth.
Soft numbers like these won't provide much relief for the biggest Las Vegas gaming companies. Macau focused Wynn Resorts has taken the biggest hit with their stock down about 40% in the past year. Las Vegas Sands has fallen 30% in the same period, while Vegas focused MGM is down 16%.
On the Vegas strip February 2015 revenue came in at 531.3 million compared to 555.7 million last year, according to the gaming control board.
In Macau the news was even worse, although not unexpected, with March 2015 revenues dropping almost 40%. Tighter government regulations have put a lid on Macau's explosive growth.
Soft numbers like these won't provide much relief for the biggest Las Vegas gaming companies. Macau focused Wynn Resorts has taken the biggest hit with their stock down about 40% in the past year. Las Vegas Sands has fallen 30% in the same period, while Vegas focused MGM is down 16%.
Saturday, October 09, 2010
August Numbers look good for Strip
Gaming win on the Las Vegas Strip was up 21.09% in August 2010 compared to August of last year.
Baccarat continues to carry the load for the Strip. Amazingly the amount that Strip casinos won on Baccarat was more than all of the other table games combined. It looks like the super high rollers were back on the Strip in August. If these numbers for Baccarat continue for the foreseeable future that would be a huge boost for the high-end hotels on the Strip.
Downtown numbers weren't as good however, as they were down 1.41% year over year.
It looks like things are improving in Las Vegas, especially on the Strip. Gaming numbers are improving and room rates seem to be creeping up.
Source: Nevada Gaming Control Board:
August Gaming Revenue Report and Win Revenue Summary.
Baccarat continues to carry the load for the Strip. Amazingly the amount that Strip casinos won on Baccarat was more than all of the other table games combined. It looks like the super high rollers were back on the Strip in August. If these numbers for Baccarat continue for the foreseeable future that would be a huge boost for the high-end hotels on the Strip.
Downtown numbers weren't as good however, as they were down 1.41% year over year.
It looks like things are improving in Las Vegas, especially on the Strip. Gaming numbers are improving and room rates seem to be creeping up.
Source: Nevada Gaming Control Board:
August Gaming Revenue Report and Win Revenue Summary.
Thursday, August 12, 2010
June 2010 Visitation Up - Gaming Down
The numbers are in for June and once again it's a mixed bag with more visitors but less gaming revenue for Las Vegas.
3.1 million people visited the city in June - a 4.3% increase from last June. Despite more people, gaming revenue was down 7.62% on the Strip and a whopping 11.67% downtown.
The obvious thing is that people are coming to Vegas and not gambling. The rock bottom hotel rates could be attracting more frugal people who gamble less or not at all. More and more people are coming to Vegas for the clubs, drinking, shopping, restaurants and pool scene with gaming on the back burner.
Gambling is also available in a lot more places around the country now. Since it's not necessary to go to Las Vegas to gamble anymore I'm guessing a lot more players are deciding to cut back on their Vegas trips and are playing closer to home.
The biggest factor might still be the economy. You need money to gamble, and if people have less money (especially high rollers) that's going to hurt the bottom line.
Sources: Business Week and Nevada Gaming Control Board.
3.1 million people visited the city in June - a 4.3% increase from last June. Despite more people, gaming revenue was down 7.62% on the Strip and a whopping 11.67% downtown.
The obvious thing is that people are coming to Vegas and not gambling. The rock bottom hotel rates could be attracting more frugal people who gamble less or not at all. More and more people are coming to Vegas for the clubs, drinking, shopping, restaurants and pool scene with gaming on the back burner.
Gambling is also available in a lot more places around the country now. Since it's not necessary to go to Las Vegas to gamble anymore I'm guessing a lot more players are deciding to cut back on their Vegas trips and are playing closer to home.
The biggest factor might still be the economy. You need money to gamble, and if people have less money (especially high rollers) that's going to hurt the bottom line.
Sources: Business Week and Nevada Gaming Control Board.
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