Business hasn’t been too hot on the Las Vegas Strip recently, with properties reporting a sixth consecutive month in December where revenue failed to beat the figures for the same period in 2023.

Total revenue for the Strip was $8.81bn last year compared to the record-breaking $8.9bn in 2023. A 7% drop in baccarat revenue explained a drop of about $1.4bn of the total gaming revenue figure.

The region experienced a similar trend in 2019, with analysts still confident that there’s no need to panic as room rates are gradually increasing and overall sentiment is generally positive.

state as a whole still had a fourth record-breaking gaming revenue year of over $15.6bn

GMA Consulting Managing Director Josh Swissman explains how the post-pandemic growth levels weren’t sustainable and a tapering off was inevitable. The state as a whole still had a fourth record-breaking gaming revenue year of over $15.6bn and grew 2.6% when ignoring the Strip’s 1% decline.

Visitor numbers are also on the rise, with 41.6 million people coming to the city in 2024, a 2.1% year-on-year rise. These numbers are getting closer to the 42.5 million number from 2019, right before the pandemic kicked off.

Convention goer levels are also returning to pre-2020 figures and international tourism is booming, rising 12.6% in 2024.