Casinos on the Strip now derive a smaller share of revenue from gambling. In 1996, more than half of annual casino revenue on the Strip came from gambling. Last year, the share was down to about a third, according to the University of Nevada-Las Vegas. More of the revenue comes from hotels, restaurants and bars.
Sunday, April 23, 2017
Gambling ain't what it used to be
From Las Vegas average is over no arbitrage condition by Tyler Cowen.