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The coronavirus epidemic or Covid-19 started in Wuhan, China in December 2019 and has severely impacted all aspects of life worldwide. It has resulted in 216 million infections and 4.5 million deaths so far globally. In the present article, the impact of coronavirus on gaming revenue of the state of Nevada will be investigated. Gaming revenue time series data for the period January 1988-November 2020 was obtained from the Gaming Control Board of Nevada. In addition to the trend and seasonality components, the terrorist attack of September 2011, the recession of 2008, and the coronavirus pandemic are also included in the Machine Learning (ML) prediction models for gaming revenues. The goals of this study are to estimate the effect of the coronavirus pandemic on gaming revenue of the Las Vegas Strip casinos, and to forecast gaming revenue and predict time to recovery. The results of this analysis show that the impact of coronavirus has been drastic, but the economic recovery has been rather fast. [ABSTRACT FROM AUTHOR]

Las Vegas has developed into one of the world's top tourist destinations, and the international market has become a vital stream of the city's revenue. The objective of this study was to understand the foreign exchange rate as a determinant for international gaming demand in the Las Vegas gaming industry. This study applied the econometric modeling method of panel data analysis to secondary data originated from a Las Vegas Strip casino property. This study attempted to validate the foreign exchange effect through empirical investigation. Results of this study showed that foreign exchange rate has an impact on international gaming demand. [ABSTRACT FROM AUTHOR]

Using data from a repeater market hotel in Las Vegas, Nevada, the relationship between sports book and slot machine revenues is examined. Daily sports book write and daily slot handle are compared over a 250 day period. Though many industry leaders theorize that sports book gamblers also wager in slot banks, the results of this Autoregressive Integrated Moving Average (ARIMA) analysis fail to demonstrate a statistically significant relationship between sports book write and slot coin-in at the 0.05 alpha cutoff. This study advances literature currently available by establishing the lack of such a relationship and disputing the generally accepted assumption that sports books produce a substantial indirect contribution to slot revenues. While the sports book does generate a fairly constant direct profit for the casino, the absolute value of that profit is minimal and the results of the study show there is no indirect profit contribution from sports books to slot machines. Given these results, casino management may want to consider that a sports book is not an optimal use of casino floor space. [ABSTRACT FROM AUTHOR]