Right to the Source returns this week with Ed Birkin and Robin Harrison taking a closer look at the latest Las Vegas gaming revenue figures, alongside the usual mix of sports trivia and off-script debate.

While headline numbers suggest a dip in performance, Birkin argues the reality is more nuanced. January revenue is down year-on-year, but much of this decline can be attributed to the unusually high hold in baccarat and pai gow during the previous period. 

With that removed, underlying performance in core segments such as gaming machines and table games remains relatively stable. Nevada gaming revenue is still above pre-Covid levels and broadly flat year-on-year, rather than in any meaningful decline.