Net Income at Major Las Vegas Strip Casinos Soars 191 Percent in Latest Fiscal Year

Net Income at Major Las Vegas Strip Casinos Soars 191 Percent in Latest Fiscal Year

In addition to  taking in more money this fiscal year, rooms, food and beverage, and other all posted gains on 2016.

Clark County casinos sold $5.76 billion worth of room nights. And those rooms were occupied 88.15 percent of the time, with the average nightly rate hovering around $155. In 2016, Clark County hotels were occupied at 87.46 percent, and at a $138.48 rate.

The next largest revenue source was food, with receipts at Clark County casino restaurants totaling $3.5 billion. Beverage sales came in at $1.6 billion, and other, possibly including gift shops, accounted for $3 billion.

don t believe the October 1 shooting that killed 58 people will deter tourism long-term. However, cancellations in the leisure segment did escalate in the days and weeks following the horrific event.

Asian arrivals also dropped, with Caesars CEO Mark Frissora attributing what s considered a longer period of appropriate mourning in countries like China for the decline.

Gaming revenue at Strip casinos subsequently dropped in October (-6.05 percent) and again in November (-6.06 percent).