117°F
weather icon Clear

Can esports pick up the slack in declining slot revenue in Nevada casinos?

The average slot player is aging out, said Blaine Graboyes, who presented on a panel Thursday called “Why Esports Matters to Casinos Now and in the Future.”
Data from the Nevada Gaming Control Board and the Las Vegas Convention and Visitors Authority shows average slot revenue per room per day has generally declined since 2008, while average food and beverage revenue per room per day has climbed.
Graboyes, CEO and co-founder of GameCo, said the average Strip property in Las Vegas has reduced their slot footprint by 450 units over the last decade.
“That’s created an increase in win per unit, but you’re essentially just talking about the same money on fewer machines, not new customers and incremental revenue,” he said. “The real key now for casinos…is bringing in new kinds of games that bring in net new casino gamers.” Read more at reviewjournal.com (Nicole Raz/Las Vegas Review-Journal)

THE LATEST
COMMENTARY: Institutionalized theft

The national debt is imprudent and immoral. Last month, the federal government added $347 billion to the debt, which will cross $35 trillion in short order.

VICTOR DAVIS HANSON: Ukraine and the Winter War, 1939-1940

Lessons from an earlier time. Zelensky might do well by studying the career of Mannerheim and how, with dignity, he saved Finland from the Russian meatgrinder.

COMMENTARY: Is Biden smarter than a fifth-grader

Joe Biden’s closest confidants are wrestling with the same questions that 81.2 million of us who voted for him in 2020 have been mulling since the president’s disastrous debate against Donald Trump.