Las Vegas continues to lead the global gaming market, outpacing both the U.S. regional gaming markets and Macau.
In its latest global report on the casino industry, credit debt watcher Fitch Ratings Inc., has dubbed the Las Vegas Strip as a “bright spot” in a gloomy global gaming backdrop.
Despite the weakness of its baccarat and exposure to Asian gaming, Las Vegas’ overall gaming revenues on the strip was just down by 0.6% year-to-date.
“The Las Vegas Strip continues to be the blue chip among global gaming markets,” Alex Bumazhny, Senior Director, U.S. Corporates, said in his report All In: The Global Gaming Handbook. “Without any major new supply coming to the Strip through at least 2019, Strip operators will be able to take advantage of increased convention attendance, airline capacity and domestic gaming to drive RevPAR growth.”