Baccarat gambling is a high-stake table game. It’s more popular in the Asian markets than in the US. VIP Baccarat represents nearly two-thirds of the gaming revenue in Macau.
Total casino revenue on the Las Vegas Strip fell 5.6% to $520 million in October 2014. According to the latest data released by the Nevada Gaming Control Board, Baccarat accounted for the largest portion of the decline. A 36% decline in revenues from Baccarat decreased the overall revenues. There were 311 Baccarat tables on the Las Vegas Strip as of October 30, 2014.
Major contributor to casino tables
Baccarat revenue generated almost half of table games’ total revenue in 2013. Over the last four years, Baccarat revenue ranged from 43.5% of table games’ revenue in 2011 to 48.2% in 2013. Since 2007, Baccarat is the only table game that expanded casinos’ wins. On average, Baccarat accounts for ~45% of all the Las Vegas Strip’s wins.
In Las Vegas, casino’s incremental revenue growth may depend on more Baccarat gains in 2015. This a prospect that will increase the overall variance in gaming results.
VIP Baccarat slump in Macau
Recently, Baccarat gambling decreased in Macau. The decrease was due to a cautious Chinese demographic. People are concerned about the ongoing anti-corruption campaign in China. In 2015, a Baccarat slowdown is expected in Macau’s mass market. The slowdown is due to decreased consumer spending and a lack of new major resorts in the first half of the year.