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Howard Stutz
 

Nevada gaming revenues increase for the first time in 23 months

12 January 2010

LAS VEGAS, Nevada -- For the first time in 23 months, Nevada gaming revenues increased with casinos statewide collecting $873.2 million in November, a 4.35 percent climb compared to the same month a year ago.

On the Strip, gaming revenues were also up for the first time in almost two years. Strip casinos collected $473.8 million, an 8.3 percent jump compared with the figures from November 2008.

November ended a streak of often-times double-digit declines in gaming revenues as the recession curtailed consumer spending, especially the discretionary entertainment dollars spent by gamblers.

In the locals market, November gaming revenues were up 19 percent on the Boulder Strip, almost 21 percent in North Las Vegas and 2.6 percent in the balance of the Clark County.

Nevada collected $57 million gaming taxes based on the November gaming revenues, a 28.3 percent increase compared with $44.4 million collected a year ago.