I’ve got a new column in the Las Vegas Business Press today, about the possibly diminishing impact of baccarat:
With the recent release by the Gaming Control Board of the December 2011 Gaming Revenue Report, we can understand what happened to Nevadas gaming industry in 2011, and where the state is headed in 2012.Overall, it wasnt a bad year for the state: Total gaming revenue increased by nearly 3 percent. That hardly matches the boom years of the 1990s, but its the second straight year of revenue gains. As has been the case in recent years, the Strip powered most of the gain, with an overall increase of more than five percent. With visitation rising to near-record levels, this signals that the recession in Las Vegas tourism is over.
The 2011 numbers had some interesting paradoxes, and I think that the fluctuating nature of baccarat in the state’s gaming mix is certainly one of them.