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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Nevada gaming revenue falls for 19th straight month

10 September 2009

LAS VEGAS, Nevada -- Gaming revenues in July nose-dived for the 19th straight month in Nevada.

Casinos statewide reported gaming revenues of $872.7 million during the month, a 12.5 percent increase compared with $997 million reported in July 2008. The Gaming Control Board released the figures this morning.

The news wasn't good on the Strip either. Strip casinos reported revenues of $461.3 million, a decline of 11.1 percent compared with $519.2 million a year ago.

In local markets, only North Las Vegas casinos reported an increase. Gaming revenues, helped by the opening last November by Aliante Station, climbed 7.4 percent to $23.6 million, compared with $22 million a year ago.

Meanwhile, gaming revenues fell almost 7 percent on the Boulder Strip — which includes Henderson — 11.5 percent in downtown and 11.8 percent in area in the balance of Clark County.

Gaming taxes collected based on July revenues were $57.3 million, a decrease of 1.6 percent compared with collections of $58.2 million a year ago.