Did F1 and baccarat lift Strip gaming revenue?
A 69 percent increase in baccarat revenue boosted the Strip in October. If casinos had the same luck during F1, November could be profitable for resorts.
High-end baccarat play, which is only offered at a few Strip resorts, gave the market a much-needed boost in October. Las Vegas was on the downward side of every measurement for much of the year, except baccarat.
2025 has seen bad headline after bad headline for the battered Las Vegas tourism and gambling markets, but topline gaming revenue totals in November could show an improvement thanks to the recently concluded Formula One Las Vegas Grand Prix and high-end baccarat play.
Financial analysis website Seeking Alpha reported a day after the race that Strip casinos specializing in baccarat saw an economic lift from three days of F1, which drew an estimated 150,000 additional visitors to Las Vegas.
“F1 for us is looking considerably better than it did last year,” said Caesars Entertainment CEO Tom Reeg on a quarterly earnings conference call ahead of the race.
