Las Vegas Strip gaming operators saw year-over-year revenue increases in August despite an ongoing visitation slump.
- Las Vegas Strip casinos earned $679 million in August gaming revenue, a 5.5% year-over-year increase, driven largely by baccarat gains.
- Visitor volume fell nearly 7% year-over-year, with declines in hotel occupancy, room rates, and both domestic and international air travel.
- Casinos and the LVCVA launched promotions and marketing campaigns to counter tourism declines, ahead of the upcoming Global Gaming Expo.
The Las Vegas Convention and Visitors Association (LVCVA) reported this week that Strip casinos generated nearly $679 million in gaming revenue in August 2025, up 5.5% from the same month a year prior. Across Clark County, which includes the Strip and Downtown Las Vegas, gaming win was up 5.32% to just over $1 billion.
Much of the jump can be attributed to a more than 50% year-over-year increase in baccarat win, with almost all of that coming from Strip casinos.
Clark County casinos overall generated almost $116 million in baccarat win in August, or more than 25% of all non-slot gaming revenue generated. Clark County baccarat revenue is now up more than 25% from the prior three-month period and 17% for the prior 12 months.
Tourism numbers decline
The revenue increase comes as Las Vegas suffers a prolonged visitation decline.
Las Vegas-area visitor volume decreased nearly 7% in August 2025 compared to 2024. The drop was an improvement from double-digit declines in June and July.
Convention attendance declined 8% year-over-year, which the LVCVA attributed to a shift from August to July of the World Market Center summer show, which draws roughly 40,000 attendees to the city each year.
Hotel occupancy was 77.5%, a decline from 81.2% in August a year prior. This led to a 7.4% drop in average daily room rate to $162 and a steeper 11.7% drop in average revenue per room to roughly $126.
Year-to-Date Las Vegas visitor volume through August is down nearly 8% from 2024; Las Vegas Strip gaming revenue is still up 0.8% and Downtown revenue is up 1.7%
— Ryan Butler (@ButlerBets) October 1, 2025
Air traffic reflects the continued visitation declines.
Domestic passenger totals into Harry Reid International Airport declined from 4.5 million in August 2024 to 4.2 million August 2025. For the year to date, volume has slipped from 35.7 million down to 34 million, a 4.76% decrease.
Foreign flight visitation has also continued its year-long decline. Combined arrivals and departures dropped from nearly 294,000 in August 2024 to around 283,000 in August 2025. Flights from other countries have declined year-over-year from 2.4 million to a little more than 2.3 million.
Visitation from Canada, which generates the most foreign visits to the airport, has been especially pronounced. The two largest airlines, Air Canada and WestJet, have seen visits declines from a combined 61,000 in August 2024 to 39,000 in August this year, a roughly 36% drop.
Vegas looks to turn tide on declines
Economic uncertainty, geopolitical relations and a host of other reasons factor into Vegas’ tourism slump, but the city’s tourism bureau and casinos are working to turn visitation declines around.
The LVCVA has undertaken a high-profile “Welcome to Fabulous” marketing campaign with ads appearing prominently around sporting events and other media. The LVCVA has also placed billboards nationwide to promote the city.
Casinos have responded to complaints about fees and overall value by noticeable price decreases on dining, room nights, and resort fees. Casino hotels on and off the Strip also collaborated for a five-day sale last month where several dozen properties offered promotions such as food credits, waived resort fees, and lowered room rates.
Officials from Caesars, MGM, and Wynn, the Strip’s largest casino operators, have remained publicly bullish while acknowledging Vegas’ visitation struggles. These company executives are expected to play a central role in next week’s Global Gaming Expo in Vegas, the gaming industry’s largest annual event.
