Nevada casinos enjoy baccarat bounce in October, but dire November awaits

Nevada casinos posted a modest gaming revenue increase from September to October, but new COVID-19 restrictions have the mayor of Las Vegas calling the state’s governor a dictator.

Figures released Tuesday by the Nevada Gaming Control Board (NGCB) show statewide casino gaming revenue of slightly under $822.7m, down 19.5% from the same month last year and a mere $1.6m higher than the state reported in September 2020.

The brunt of October’s decline came via the Las Vegas Strip, which reported revenue falling 30.2% to $375.8m, while downtown Vegas slipped 22.7% to $52.8m. The picture was far less bleak outside Clark County, with areas like Reno and Lake Tahoe posting decent annual growth.

Statewide slots revenue was down 19% to $565.8m, while the ‘table, counter & card games’ segment fell 20.4% to $256.8m. Baccarat revenue rose 4.6% to $59.3m and mini-baccarat gained 5.2% to $7.2m, but all other table games save bingo were broadly negative, led by blackjack ($60.2m, -24.8%), craps ($27.6m, -13%) and roulette ($18.5m, -34.4%).