KUNR Regional News
Casino Revenue Way Down
their worst in at least 10 years - winning $969.9 million from
gamblers for a 15.2 percent drop compared with the same month a
year earlier, a state report showed Thursday.
The slump was the fifth consecutive monthly decline statewide. A
market-by-market breakdown in the Gaming Control Board report
showed a similar month-over-month decline for the Las Vegas Strip -
and the 11th consecutive monthly slump for the Reno-Sparks-North
Tahoe area.
Control Board analyst Frank Streshley says, "People are coming
to Nevada but they're not spending."
Gov. Jim Gibbons, trying to deal with a state revenue shortfall
expected to hit $1.2 billion by mid-2009, says taxes based on the
casino win were "significantly worse" than amounts estimated only
three weeks ago. But he's confident the casino industry will turn
around.
The $969.9 million win was the amount left in casino coffers
after gamblers wagered $13.8 billion during May, including $11.2
billion in slot machine bets and the balance on table games.
--
Major details:
-STATEWIDE: $969.9 million, down 15.2 percent.
-LAS VEGAS STRIP: $513.5 million, down 16.4 percent.
-DOWNTOWN LAS VEGAS: $48.2 million, down 17.3 percent.
-LAUGHLIN: $48.6 million, down 7.8 percent.
-BOULDER STRIP: $58.4 million, down 30.2 percent.
-MESQUITE: $13.5 million, down 3.2 percent.
-RENO: $61.7 million, down 7.5 percent.
-STATELINE: $24.4 million, down 24.1 percent.
-ELKO COUNTY: $25.3 million, up 0.1 percent.
© Copyright 2009, KUNR
(2008-07-10)
CARSON CITY, NV
(KUNR) -
Nevada casinos had a bad month in May -their worst in at least 10 years - winning $969.9 million from
gamblers for a 15.2 percent drop compared with the same month a
year earlier, a state report showed Thursday.
The slump was the fifth consecutive monthly decline statewide. A
market-by-market breakdown in the Gaming Control Board report
showed a similar month-over-month decline for the Las Vegas Strip -
and the 11th consecutive monthly slump for the Reno-Sparks-North
Tahoe area.
Control Board analyst Frank Streshley says, "People are coming
to Nevada but they're not spending."
Gov. Jim Gibbons, trying to deal with a state revenue shortfall
expected to hit $1.2 billion by mid-2009, says taxes based on the
casino win were "significantly worse" than amounts estimated only
three weeks ago. But he's confident the casino industry will turn
around.
The $969.9 million win was the amount left in casino coffers
after gamblers wagered $13.8 billion during May, including $11.2
billion in slot machine bets and the balance on table games.
--
Major details:
-STATEWIDE: $969.9 million, down 15.2 percent.
-LAS VEGAS STRIP: $513.5 million, down 16.4 percent.
-DOWNTOWN LAS VEGAS: $48.2 million, down 17.3 percent.
-LAUGHLIN: $48.6 million, down 7.8 percent.
-BOULDER STRIP: $58.4 million, down 30.2 percent.
-MESQUITE: $13.5 million, down 3.2 percent.
-RENO: $61.7 million, down 7.5 percent.
-STATELINE: $24.4 million, down 24.1 percent.
-ELKO COUNTY: $25.3 million, up 0.1 percent.
© Copyright 2009, KUNR
