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However, casino win over the last 12 months was down on the Strip 0.5 percent. Baccarat is the culprit, as reduced traffic from Asia \u2013 specifically China \u2013 has impacted the VIP table game business.<\/p>\n<\/div>\n
“Baccarat on the Strip is being impacted by the economic outlook in China being cloudy,” Lawton explained. “Additionally, it has been reported that some of Asia’s wealthiest customers are concerned about the trade war, in addition to significant competition and options across Asia, making it more difficult for Las Vegas to convince Asian customers to make the long trip.”<\/p>\n
He concluded, “As a result, this could have a negative impact on the baccarat business for the Las Vegas Strip in the future.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The 2020 outlook for Las Vegas is extremely optimistic, as gaming industry analysts and economic experts alike believe the gambling capital of the US will thrive in the year ahead. Las Vegas is once again experiencing a construction boom. No new casino resort has opened on the Strip since 2010, when The Cosmopolitan debuted. That […]<\/p>\n","protected":false},"author":25,"featured_media":123438,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
2020 Las Vegas Outlook: Optimism Abound for Strip Gaming Industry<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n