TITLE

Bounce in baccarat doesn't signal recovery

AUTHOR(S)
Schwartz, David
PUB. DATE
October 2010
SOURCE
Las Vegas Business Press (10712186);10/18/2010, Vol. 27 Issue 42, pP29
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
The author argues that the more than 11 percent increase in the revenues of casinos in Nevada in August 2010 does not reflect real recovery. He claims that the increase in the gaming revenue is based on baccarat, and does not reflect the real money spent on gaming. He adds that casinos that do not offer baccarat or high-end play are not performing well in the business. The author also reveals that baccarat win accounted for less than 17 percent of all Nevada gaming revenues in August 2010.
ACCESSION #
54909219

 

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