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updated: 9/10/2012 1:10 PM

Las Vegas strip gambling revenue jumps 28% in july on baccarat

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Bloomberg News

Gambling revenue on the Las Vegas Strip surged 28 percent to $597.5 million in July, driven by an increase in baccarat play.

Total Nevada gaming revenue rose 17 percent to $1.01 billion in July from a year earlier, the state's Gaming Control Board said today in a statement. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, increased 21 percent to $867 million, the board said.

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Strip baccarat revenue more than doubled to $190 million in July, compared to the same period last year. Craps also gained.

MGM Resorts International, the largest casino operator on the Las Vegas Strip, rose 1 percent to $10.81 at 10:51 a.m. in New York. Wynn Resorts Ltd. gained 0.3 percent to $103.01 while Caesars Entertainment Corp. fell 0.3 percent to $7.20.

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