Baccarat Saves Nevada Casinos

The annual report indicated that Nevada’s gambling and tourism economy has been boosted by baccarat, a high-roller game very popular amongst Asian players. A state record for the year is the $10.7 billion wagered on baccarat, said Mike Lawton, senior analyst with the Gaming Control Board. Our average hovers around $1.2 billion, which is another state record up 21 percent after an increase of 26 percent in 2009.

“We can say with absolute honesty that baccarat saved the day for us here on the Strip,” Lawton said. “We sincerely hope that our esteemed Asian players will return soon.” In comparison the yearly slot win which indicates mass market volume, totalled $63.8 billion, it dropped 2.7 percent from 2009 levels, plunging by 11.8 percent from the previous year as a result of the current recession which gripped Nevada’s vulnerable economy.”

State gambling regulators reported that Nevada casino winnings were rather low …