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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Nevada gaming revenues dip nearly 6 percent

10 June 2010

LAS VEGAS, Nevada -- Nevada gaming revenues fell almost 6 percent statewide in April, but casinos on the Strip fared better than the rest of the state.

According to figures released this morning by the Gaming Control Board, Nevada casinos collected $810.4 million from gamblers in April, a 5.7 percent decline compared to $859.5 million collected in April 2009.

On the Strip, gaming revenues in April were $437.3 million, a decline of just under 1 percent compared with $441.7 million collected in the same month a year ago.

Other areas of Clark County didn't fare as well. Countywide, gaming revenues fell 6 percent while downtown casinos were off 9.1 percent. Boulder Strip casinos were down 25.5 percent and North Las Vegas casinos were off almost 12 percent.

Casinos that make up the balance of Clark County saw revenues decline almost 13 percent.

Gaming taxes collected based on April's casino revenues declined 23.4 percent compared to a year ago. The state collected $39.7 million in gaming taxes, down from $51.8 million for the same period in 2009.

Gaming tax collections are down almost 5.3 percent for the first 11 months of the fiscal collection period.