Vegas Casinos Moving Away From Slots To High End Table Games
Data released from the University of Nevada Las Vegas Center for Gaming Research sheds light on the gaming trends of casinos and their operators. The question as to where casinos earn most of their revenues is a vital barometer the general gambling industry.
While many would at first think that slot machines are the most profitable and popular games on offer by mega casinos, the hard cold figures released by Gaming Research paint another picture.
According to the research top Vegas casinos like MGM Resorts International, Las Vegas Sands and Wynn Resorts are moving away from classic slot machines and are moving towards more lucrative table casino games such as baccarat which is popular with high rollers. This can be seen in the number of slot machines located in Nevada casinos which have dropped by 38,000 from the year 2000 to 2012.
Slot machines revenues also fell from $595 million in April to $581 million in September. In contrast to the poor slot revenue performances, table gaming revenues recorded a spike of 47% for the same period to reach $369 million.
For the major Vegas casino operators the largest and fastest growing market for their revenues is Macau which shows no signs of slowing down. Another aspect that has changed slot machines is on the technological side of things. While in the past slot machines were sometimes limited to accepting only specific denominations, modern day slots are able to accept a wider variety of denominations which allows casinos to maintain less of them while maximizing profits.This interesting trend of casinos focusing on the high end table games is one to watch as it could have global impact on many casinos.