March 2018 was the seventh straight March that posted a new record handle for basketball, as the popularity of gambling on the NCAA men’s basketball tournament continues to increase.<\/p>\n
Perhaps the best news in the release is that Strip revenues have reversed course after four consecutive monthly declines following the October 1 massacre. Strong baccarat play suggests that visitors from Asian countries are returning to Las Vegas.<\/p>\n
GGR along the Strip decreased from October through January. A primary financial concern was determining how long Asian visitors, which are critical to the main drag, would stay away.<\/p>\n
\nCaesars CEO Mark Frissora said in October that “people in Asia are very respectful of the deaths,” and added regarding a mourning period, “I’ve heard that it’s sometimes a period of three, four months.”<\/p>\n<\/blockquote>\n
Baccarat, the most popular game among travelers from Asian countries, saw win amounts fall in each of the four months, the largest coming in December when the table game’s revenues retracted 30 percent.<\/p>\n
But Frissora being told the mourning period would last up to four months seems accurate, as baccarat play has posted big gains in February and March (respectively 83 percent and 115 percent). Year to date, GGR on the Strip is up 3.3 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nevada casinos collectively won more than $1 billion in March, which marks the industry’s third consecutive month eclipsing the celebratory threshold. Statewide, gross gaming revenue (GGR) totaled $1.024 billion, a 3.4 percent premium on March 2017. Casinos are now 2.85 percent ahead of where they were this time last year through the first three months […]<\/p>\n","protected":false},"author":25,"featured_media":76723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,1074],"tags":[],"acf":[],"yoast_head":"\n
Nevada Casinos Top $1 Billion in March, Sportsbooks Set Record<\/title>\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