https://www.abouttanzanitejewelry.com/news/baccarat-revenue-down-in-vegas-chinese-economic-troubles-may-be-to-blame/ Latest Casino and Gaming News Wed, 02 Sep 2015 20:17:00 +0000 hourly 1 https://wordpress.org/?v=6.4 https://www.abouttanzanitejewelry.com/news/baccarat-revenue-down-in-vegas-chinese-economic-troubles-may-be-to-blame/#comment-1678 Wed, 02 Sep 2015 20:17:00 +0000 https://www.abouttanzanitejewelry.com/news/?p=30932#comment-1678 Several Strip operators are probably the reason for the growth of Bacarrat revenue in Las Vegas.
LV Sands, Wynn and MGM already have extensive player lists from their Macau operations; and Sands also from Singapore. In Vegas, revenues declines, have been almost exclusively from Baccarat, the preferred game in Asia. Considering the large tax differential between Macau’s 39% gaming tax rate and Nevada at under 7%, it makes sense to bring Asian whales to Vegas, even with the high cost of transportation.
However the Chinese Government’s crackdown on large amounts of currency leaving the Country, is probably having a similar impact on Strip casinos, as it is on most Asian gaming destinations. The fact that 2014 was a record year in Las Vegas, most likely occurred because the crackdown did not come until the last 2 quarters.

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