With the third quarter of 2019 officially wrapped up, a number of the world’s largest gaming operators shed light on industry trends in both U.S. domestic markets and international gaming locations. With positive contributions sourced to the Las Vegas market, highlights of area investments have been included to better understand the landscape going forward.
Programmed Investments in Las Vegas
Nevada gaming performances were a key highlight for selected companies as results generally trended in a positive direction. On a trailing 12-month basis, gaming revenue in the Silver State has grown for 40 consecutive periods year over year, rising 2.5 percent from a year ago to $12.0 billion in the latest period. In Las Vegas, the world’s second largest gaming market, gaming revenues rose 2.8 percent over the same period to $10.4 billion, constituting 86.1 percent of statewide revenue. Favorable trends in visitor volume and consumer spending have helped influence that growth, and the addition of significant new tourism related projects to the market over the next 12 to 24 months are expected to drive additional growth in tourism-related activity.