Gaming revenue rose 5.0% in October to $1.35 billion, according to the Nevada Gaming Control Board. Notably, revenue on the Las Vegas Strip jumped 8.2% to $748.9 million to offset a decline at downtown Las Vegas properties and sluggish growth at Reno properties.
Across the state, table games saw a 23% jump in gaming revenue, led by a 69% pop in baccarat off a win percentage of 18%. The huge jump in table game revenue offset a 2.1% decline in slot machine revenue during October. Sportsbooks also contributed to the strong month, with a 105% increase in gaming win, compared to a year ago.
Sector watch: Caesars Entertainment (CZR) +4.0%, MGM Resorts (MGM) +4.3%, Boyd Gaming (BYD) +1.9%, Wynn Resorts (WYNN) +3.2%, Full House Resorts (FLL) +0.5%, Bally’s Corporation (BALY) -3.0%, Sportradar (SRAD) +0.1%, Genius Sports (GENI) +6.1%, and Red Rock Resorts (RRR) +2.8%.