GMA quoted in CDC Gaming Reports

GMA quoted in CDC Gaming Reports

Rising room rates, return of conventions, and strong entertainment schedule point to strong fall in Las Vegas

by Buck Wargo

Some 300,000 fewer visitors came to Las Vegas in August than in July and analysts pointed to a spike in COVID-19 cases for the decline. Still, Las Vegas is poised to have a strong fall with the return of convention season this week at the Global Gaming Expo and the return of foreign travel in November.

Despite a dip to 2.99 million visitors in August from 3.3 million in July, Las Vegas showed its resiliency by exceeding gaming revenues in August 2019 when there were 3.57 million visitors. August marked the sixth consecutive month that Nevada exceeded $1 billion in gaming revenue; the Strip’s revenues were 20% higher than August 2019 even though revenue fell 21% from July.

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