According to figures provided by the Nevada Gaming Control Board, casinos on the Las Vegas Strip set an all-time quarterly record during the third quarter of 2021 by collecting $2.1bn in gambling revenue. The previous record was $1.8bn, set during the fourth quarter of 2006. “The Strip is officially outpacing pre-pandemic numbers,” said Michael Lawton, a Senior Research Analyst with the Board. The wider State of Nevada also continues to break records. In September, the State collected $1.2bn in gaming revenue, marking the seventh consecutive month of hitting $1bn-plus, also breaking a record set in 2006/07. So, whilst challenges ahead might include potential covid resurgence and a heating up of the US economy, positives to point to include the return of international travel to Las Vegas for vaccinated foreign nationals and the continued resurgence of business travel and conventions. With big events such as a Rolling Stones concert, a Canelo Alvarez Championship fight and a huge car convention, this upsurge should continue through November.
