Cold tables snap Nevada casinos’ five-month winning streak

Nevada casino gaming revenue took a slight dip in July, snapping a five-month winning streak.

Figures published Thursday by the Nevada Gaming Control Board show the state’s casinos generated gaming revenue of $996.4m in July, an improvement on June’s $933m but a 0.16% decline from the same month last year. The decline was blamed on the Las Vegas Strip, where gaming revenue slipped 5.7% to $565.6m.

Slot machines did their bit to keep July in the black, with revenue up 5.6% to $667.8m. But the GCB’s new category of ‘table, counter and card games’ was off 10.2% to $328.6m, with nearly uniform declines in all table game totals.

Baccarat revenue was an impressive $101m but this was down 16.4% year-on-year despite a 13% win rate. Blackjack was down 6.6% to $93.4m and craps slid 13.3% to $35.1m. Roulette was the outlier, reporting revenue up 1.6% to $32.8m.