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World Series Goes Some Way To Slowing Las Vegas Economic Slide

 

After a disastrous May the release of the Nevada Gaming Control Board’s report on revenues in June has come as a ray of sunlight, despite still showing a marginal downturn. A worrying slide has been taking place in Las Vegas over the last few months, with gambling revenues in May down 15% year-on-year. The most likely culprit for the sudden change in fortunes is the World Series of hk prize , which took place over all of June and the beginning of July.

The Strip, the hub of gambling activity in Las Vegas, recorded losses of 3% compared to last June. Although still a downturn it comprises a vast improvement over last month’s slump of over 16%. Gambling proprietors off The Strip will have more cause for celebrating, with areas such as Downtown posting decent increases when compared with the previous year. Results for the whole of Nevada were similarly curtailed, with losses of 15% in the month of May being cut to only 1.1% for June.

This report marks the end of the fiscal year, and also brings an end to The Strip’s first fiscal year decline for six years. Businesses all over America have been struggling to …