Baccarat Games, Las Vegas Revenue Rises in April 2015
Casinos in Las Vegas may have averaged in 2014, but things are getting better in 2015. Las Vegas casinos surged 5% in April 2015 compared to April 2014 and generated more than $95 million in sales, according to the Nevada Gaming Commission. Casinos across the United States experienced a surge in sales in April 2015, compared to April 2014, and total sales for casinos statewide rose 5.4% to nearly $898 million.
The opposite is true for Macau, which has nearly six times as many sales as Las Vegas, with its casinos recording 12 consecutive months of sales declines. Las Vegas casinos hope the market downturn they experienced in 2014 will finally end and the casinos will once again begin to flourish.
One of the major games that contributed to the increase in Las Vegas casino revenue was baccarat. Las Vegas casinos reported that mini baccarat jumped 31.6% during April 2015 and brought in $4.9 million. While baccarat was more popular than ever in Las Vegas, those numbers are ironic because it is Macau’s most popular table game. Since China began its anti-corruption crackdown on Macau casinos, these VIP Asian gamblers have decided to stop visiting Macau and expand their business abroad.
Gamblers from mainland China have begun visiting Las Vegas, which has led to greater demand for the baccarat game. “The market will continue to experience, and will continue to experience, volatility in the baccarat game given the potential for a slowdown for Chinese players,” Joseph Greff, managing director of JP Morgan Securities LLC, said in a statement. “However, the baccarat game numbers for April were encouraging.”
Morgan Stanley Research Ltd. and market researcher AlphaWise released a report on the Las Vegas casino industry and said Las Vegas casinos are being relied upon by VIPs and high-stakes gamblers in Macau to boost their profits. This influx of VIP gamblers in Macau was reflected in the rise of the baccarat game and April’s surge in sales. 카지노사이트
The Philippines, Vietnam, Cambodia, and South Korea are also targeting VIP gamblers from Macau and luring them to casinos with lucrative offers. Las Vegas may be more difficult to appeal to these VIP gamblers because of the distance between China and the United States.