Pinnacle Entertainment Inc. , owner of seven U.S. casinos, formed an alliance with Wynn Resorts Ltd. that lets customers use their loyalty points at the Wynn and Encore resorts on the Las Vegas Strip.
Gambling revenue on the Las Vegas Strip surged 28 percent to $597.5 million in July, driven by an increase in baccarat play.
Las Vegas Strip gambling revenue rose 16 percent in October, as growing blackjack and slots play helps the biggest U.S. casino city emerge from a record two-year slump.
Las Vegas Strip gambling revenue increased 29 percent to $623.5 million in January on a surge in baccarat play, adding momentum to the recovery for the largest U.S. casino market.
Las Vegas Strip gambling revenue fell 7.6 percent in June, the largest monthly decrease since October, as the U.S. casino city’s recovery from a record slump stalled on shrinking baccarat winnings.
Shares of MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd. rose after Las Vegas Strip gambling revenue jumped 21 percent in August, showing the biggest U.S. casino city is emerging from a record slump.