Vegas casino gambling down 8.7% in August
10/12/2011LAS VEGAS — The Las Vegas Strip's recovery stalled in August as casino gambling fell 8.7 percent, ending three months of gains for the biggest gambling city in the United States.
Strip betting declined to $496.9 million, Nevada's Gaming Control Board said yesterday in an e-mail. Revenue rose 5.2 percent in the first eight months of 2011 from a year earlier.
Las Vegas has been staging an uneven recovery from a record two-year drop in gambling and conventions. The four biggest casino operators on the Strip — MGM Resorts International, Caesars Entertainment Corp., Las Vegas Sands Corp., and Wynn Resorts Ltd. — said a recovery was under way in their most recent earnings calls.