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Return to growth in Las Vegas confirmed

05/16/13

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This year, the Chinese new year was celebrated in February.
The celebration of this traditional Asian holiday helped Nevada casinos achieve excellent results during that month, with $1.073 billion in revenues, up 15.1% compared to the same period last year.
February 2013 has now to be regarded as the most profitable month for the casino industry in the state of Nevada since December 2007.
The casinos of the Strip have achieved record revenues of around $696.1 million, equivalent to a 31.2% increase.
The return of growth in the casinos of Las Vegas, initially reported in this article, seems indeed to have been confirmed.
In the first two months of 2013, revenues have increased by 4.2% compared to the same period of the previous year, which had already recorded a 2.3% increase when compared to 2011.
Considering these good results,experts are particularly confident that the recovery will keep up momentum and the situation will get even better.

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