January downturn in American casino footfall
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Last month saw a drop in the number of patrons visiting casinos across the United States. However, the prevalence of the omicron variant of coronavirus continues to decline.
January foot traffic at casinos in Las Vegas was down by 8% month-on-month. Las Vitesse venues in Reno had suffered through a 2.8% depression. Laughlin and Lake Tahoe enjoyed similar swells of 24% and 13.9%.
Elsewhere and Katz report that January foot traffic at the three casinos in Detroit fell by 5.6% month-on-month and 42.5% year- on-year. The source claims that gambling venues in the southern state of Kentucky saw a 27. 5% plunge in overall visitation for 2021. Black Hawk, Colorado saw its $100 bet limit removed on May 1 of last year and the significant addition of lodging and gaming capacity by Monarch Casino Resort Spa Blackhawk. In January, Black Hawks’s traffic volume was down 41. 6% from 2019 and 3.7% lower from December.
Katz is happy that Penn National Gaming Incorporated and Boyd Gaming Corporation saw their regional markets perform well despite seasonal weakness. He claims that the casino market in Las Vegas is ‘’ and the lack of a robust first-quarter convention schedule is the reason for the downturn.
