CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Author Home Author Archives Search Articles Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Recent Articles
Best of Howard Stutz
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.