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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Nevada gaming revenues drop 4.9 percent

10 September 2010

LAS VEGAS, Nevada -- Nevada gaming revenues fell 4.9 percent in July, the state's fifth consecutive monthly decline in the money casinos collected from gamblers.

On the Strip, casino gaming revenues in July all but matched the figure collected in the same month a year ago.

The State Gaming Control Board said this morning casinos statewide won $829.7 million from customers in July, compared with $872.7 million in July 2009.

Year-over-year Nevada gaming revenues have now declined in six of the seven months that have been reported in 2010.

Strip casinos collected $461.3 million, which was about $12,000 more than the July 2009 number.

Helped by a 32 percent increase in February, Strip casino gaming revenues are up about 4 percent through July.

Clark County casinos on a whole, however, collected $693.4 million in gaming revenues during the month, 5 percent less than a year ago.

Downtown casinos saw gaming revenues decline 19 percent, casinos in North Las Vegas suffered a 23.6 percent decline, gaming revenues from Boulder Strip casinos were off 16.9 percent and the casinos in the Balance of Clark County suffered a 12.7 percent revenue decline.