Posts Tagged ‘Gaming Control Board’

Nevada Casinos Eke Out Another Modest Gain In October

By Sean Whaley | 11:49 am December 7th, 2012

CARSON CITY – Nevada casinos took in $978.8 million from gamblers in October, eking out a modest 1.9 percent increase over the same month in 2011, the Gaming Control Board reported today. It was the third consecutive month of modest gaming wins for the state.

For the 2013 fiscal year that began July 1, the gaming win has increased 4.6 percent.

The October increase was primarily due to a 3.6 percent gain on the Las Vegas Strip, where casinos pulled in $580.7 million. Clark County overall was up 2.8 percent, while South Lake Tahoe posted a 0.8 percent gain with $15.9 million in revenues.

Photo: Conor Ogle via Wikimedia Commons.

But many other markets in Nevada posted declines in October, including Laughlin, down 0.9 percent; Reno, down 6.9 percent; and the Carson Valley area including Carson City, down 5.5 percent.

Michael Lawton, senior research analyst for the state gaming agency, said he was pleasantly surprised by the modest increase because October faced a tough comparison against a strong October 2011, and there were two fewer weekend days in October 2012 than in October 2011.

Helping out the overall win were two Madonna concerts at the MGM Grand on Oct. 13 and 14.

There was also a technical benefit with September ending on a weekend, which meant that some slot revenue from that month was counted in October instead, he said.

Visitor volume in Las Vegas also increased in October, up 2.9 percent to 3.5 million visitors, according to information provided by the Las Vegas Convention and Visitors Authority.

Game and table win statewide totaled $364.9 million, down 5.5 percent over October 2011, which had seen a strong gain of 14.4 percent over October 2010.

Lawton said one note of interest was an all-time record win for roulette of $50.8 million for a 174.2 percent increase over October 2011. The previous high was set in December of 2007 when the roulette take was $38.3 million.

Slot win statewide totaled $614 million for an increase of 6.8 percent over October 2011.

“I would say honestly, going into this month, I am pleasantly surprised that with the difficult comp and the calendar, losing the two weekend days – I mean although we did basically get help with the revenue timing – it was a difficult comp and to come in positive is definitely a good sign,” Lawton said.


Audio clips:

Gaming analyst Michael Lawton says Nevada saw a record roulette win in October:

120712Lawton1 :23 strong roulette month.”

Lawton says the win increase in October is a good sign given the difficult comparison with October 2011:

120712Lawton2 :18 a good sign.”


Nevada Casinos Report Modest Decline In August Revenue Report

By Sean Whaley | 12:58 pm October 10th, 2012

CARSON CITY – Nevada casinos raked in $859.2 million from gamblers in August, but it wasn’t enough to stave off a modest 3.1 percent revenue decline over August 2011, the state Gaming Control Board reported today.

Clark County was down 3.4 percent with $727 million in revenues, but the Strip was off only 1.2 percent with $490.9 million taken in on table games and slots.

Image courtesy of the Las Vegas Convention and Visitors Authority.

Other Clark County markets saw bigger declines, including downtown Las Vegas, off 8.4 percent; North Las Vegas, down 13.1 percent; and the Boulder Strip, off 17.7 percent.

Washoe County saw a 5.1 percent increase with $68.1 million in revenues, but South Lake Tahoe was down 19.5 percent with $22 million in winnings.

The modest decline comes after a $1 billion, 17 percent gain in July.

The decline came as Las Vegas saw an increase in visitation in August, up 1.5 percent to 3.34 million visitors, according to the Las Vegas Convention and Visitors Authority.

Michael Lawton, senior research analyst for the state gaming agency, said a timing issue with slot machine revenue was a factor in the lackluster August report, which happens when a month ends on a weekend and some revenue is actually reported in a different month.

July 2012 slot win was inflated by 8.6 percent because July 2011 had the last weekend’s revenues roll into August, he said. As a result, August 2012 was down 7.8 percent in slot revenue compared to the higher revenue numbers reported in August 2011.

But the August report would have been much worse if it had not been for baccarat play on the Strip, Lawton said.

“Baccarat had a really strong month, being up $28 million, or 29 percent,” he said. “Volumes for baccarat were strong, up 29.6 percent or $237.6 million. So usually when we see a month like that where baccarat was so strong we expect to see a positive month. But then, like I said, there was some underlying issues with slot accounting that kind of came into play and that’s why the month wasn’t positive.”

The August Strip win would have been off by 9 percent, or $29.9 million, without the baccarat performance, Lawton said.

“Baccarat is really keeping the Strip’s head above water,” he said.

The metric on the Strip that is of concern is slot volume, which was down in August for a fifth consecutive month.

“And prior to these five declines we actually had experienced 11 increases in the prior 13 months,” Lawton said. “So, definitely seeing some loss of traction in that slot spend. And calendar year to date, slot volume on the Strip is down 1.8 percent.”

The recent declines suggest the Las Vegas mass market customer is not spending as much right now, he said.


Audio clips:

Michael Lawton, senior research analyst for the Nevada Gaming Control Board, says baccarat play helped make August a better month than it would have been otherwise:

101012Lawton1 :24 month wasn’t positive.”

Lawton says recent declines in slot volume on the Strip are a concern:

101012Lawton2 :35 down 1.8 percent.”


Nevada Gaming Win Exceeds $1 Billion In July, Up 17 Percent Statewide

By Sean Whaley | 2:01 pm September 10th, 2012

CARSON CITY – Nevada casinos had an impressive month in July, taking in just over $1 billion in revenue from gamblers for a 17 percent gain over July 2011, the state Gaming Control Board reported today.

It was the second $1 billion month this calendar year, which has not occurred in Nevada since 2008, said Michael Lawton, senior research analyst for the state gaming agency.

“A $1 billion month is a number that we like to see, it’s a very strong number,” he said.

The Las Vegas Strip was up 27.5 percent with revenues totaling $597.5 million, according to the monthly gaming report.

The solid performance comes after two months of declines for the gaming industry statewide.

Baccarat, the card game played by high rollers on the Strip, was the major factor in the big win.

Photo by Roland Scheicher via Wikimedia Commons.

Baccarat win totaled $189.9 million, up 111.8 percent  or $100.2 million. The dramatic numbers are due in large part to the amount “held” or won from the card players, Lawton said. The hold was 16.03 percent versus 9.76 percent in July 2011. The normal hold is in the mid-12 percent range.

But the amount wagered by players was up as well, which is encouraging, he said. Baccarat volume was $1.2 billion, up $266 million, or 28.9 percent.

“We we’re pretty surprised,” Lawton said. “That’s the third largest baccarat win in state history.”

Slot play was up in July as well, by 8.6 percent, or $46.9 million, over July 2011, he said.

Nearly all Clark County markets were up in July, with downtown Las Vegas reporting a 16.4 percent gain, North Las Vegas reporting a 36.1 percent gain, and the Boulder Strip showing a 17.3 percent increase. Laughlin was down modestly by 0.5 percent.

The big win comes even as the Las Vegas Convention and Visitors Authority reported a slight decline in visitor volume in July, down 0.8 percent over July 2011 to 3.44 million.

“We want to see a nice blend of our baccarat business and our mass market business and right now, baccarat is carrying a little bit more load,” he said. “But there’s some easier comps in the back half of this year that we think, hopefully by the end of the year, we’ll see a better blend than we are right now.”

The rest of the state did not perform as well. Washoe County showed an 8.2 percent decline with $64.9 million in revenues. All of the Washoe markets reported declines in July.

South Lake Tahoe was also down, by 0.6 percent, but Lawton said the comparison for the market was tough this past July, with a 25 percent increase in July 2011 over July 2010. So the slight decline is actually a strong performance for the market, he said.


Audio clips:

Gaming analyst Michael Lawton says a $1 billion month is a strong number:

091012Lawton1 :22 very strong number.”

Lawton says baccarat drove the numbers:

091012Lawton2 :19 up 14.1 percent.”

Lawton says the state would like to see a better balance between baccarat and the mass market:

091012Lawton3 :14 are right now.”



Nevada Gaming Win Plummets In May By Double Digits, Down 18.2 Percent on Strip

By Sean Whaley | 4:34 pm July 12th, 2012

CARSON CITY – Nevada gaming revenues took a big tumble in May, shrinking by nearly $100 million over the same month a year ago to $885 million for a 10.1 percent decline, the state Gaming Control Board reported today.

Michael Lawton, senior research analyst for the control board, cited two primary reasons for the double-digit decline: May 2011 was an exceptionally strong month, so the comparison with May 2012 was expected to be a challenge; and high roller card players on the Las Vegas Strip had exceptionally good luck.

The two factors led to an 18.2 percent revenue decline on the Strip to $475.1 million in May over May 2011.

The decline came even as a number of strong special events, including the Chinese Labor Day celebration and a Floyd Mayweather fight versus Miguel Cotto on May 5, lured visitors to Nevada and the Strip in particular.

The “comp” to May 2011 was a challenge because the May 2011 statewide win was 16.1 percent, and the Strip was up 28.9 percent. May 2011 also saw the largest win recorded by the state since September 2008. Since May 2011, there has been only one month where the win exceeded that amount, in January 2012.

Lucky gamblers were the other factor.

“The state was definitely negatively impacted by some really, really poor performance in table games,” Lawton said. “Table games win of $282.7 million was down 26.4 percent, or $101.6 million.”

Baccarat win of $74.3 million was down 48 percent, or $68.5 million in May compared to May 2011. The hold on the game, or the amount retained by the casino out of all the money wagered, was only 8.1 percent versus 12.2 percent last year.

“We don’t normally expect to see single-digit hold percentages for baccarat,” he said.

The hold was low on 21, the other big card game, as well, Lawton said. The win was $72.4 million, down 29 percent, or $29.5 million. The hold was 8.6 percent, versus nearly 12 percent in May 2011. It was the lowest 21 hold percentage ever seen going back to the 1980s, he said.

“We really noticed some statistical anomalies with these table games, and that happens,” Lawton said. “The table games are a lot more volatile than the slot machines. And every once in awhile you will have months where this happens. It’s just unfortunate on a month when the comparison was so difficult.”

There were some bits of good news in the monthly report and in related information. The Las Vegas Convention and Visitors Authority reported today that visitor volume was up in May, by 2.4 percent to 3.45 million visitors over May 2011.

And some smaller casino markets fared well, including a 20.1 percent gain in Laughlin and a 9.2 percent increase on the Boulder Strip. Downtown Las Vegas was down, but only by 2.1 percent.

Washoe County was down 5.2 percent, a better performance than the state overall.

“The Las Vegas locals had a good month, up 6.59 percent, which is good,” Lawton said. “For the calendar year the Las Vegas local markets are up 5.43 percent.”


Audio clips:

Gaming Control Board analyst Michael Lawton says poor performance in table games was a major factor in the May decline:

071212Lawton1 :14 or $101.6 million.”

Lawton says table games are more volatile than slot machines:

071212Lawton2 :27 was so difficult.”



Nevada Gaming Win Rebounds In April Due To Strength In Clark County

By Sean Whaley | 11:38 am June 12th, 2012

CARSON CITY – Nevada’s casinos returned to their winning ways in April, posting a statewide total win of $855.7 million for a 6.2 percent gain over April 2011, the Gaming Control Board reported today.

Clark County overall was up 8.9 percent in April to $743.7 million while the rest of the state did not fare as well. Washoe County was down 15.5 percent, South Lake Tahoe was down 4.4 percent and Elko County was down 2.3 percent.

One reason for the positive overall report was technical in nature, however. Because March ended on a Saturday, some of the slot machine revenue from that day did not get tallied until the following month, skewing the April totals.

But the win, coming after a double-digit decline in March, is the sixth positive month out of the past seven and is welcome news, said Michael Lawton, senior research analyst for the control board.

“March was kind of a bump in the road,” he said. “(We) got back on track this month. Next month might be a little bit different, we’ve got a really tough comp for May.”

For the fiscal year from July 1, 2011 to April 30, statewide gaming win is up 2.5 percent.

The win comes even as the Las Vegas Convention and Visitors Authority today reported a slight decline in visitor volume in April, the first in more than two years. Volume fell by 0.9 percent to 3,324,459.

All major Clark County markets posted gains in April, including the Strip, up 7.5 percent; downtown Las Vegas, up a strong 25 percent; and North Las Vegas, up an impressive 42.3 percent.

North Las Vegas was affected by the additional slot revenue counted from March, while downtown Las Vegas was up due in part to the reopening of the Plaza Hotel and Casino after an extensive renovation.

Downtown Las Vegas is up 4.5 percent fiscal year to date, a positive sign for a market that has not had a positive fiscal year since 2005, Lawton said.

Downtown Las Vegas. / Photo: John Phelan via Wikimedia Commons.

The Strip win came despite a modest 2.9 percent gain on table games. Baccarat was up nearly 16 percent to $65.7 million, but twenty-one was down 5.2 percent to $58.8 million. The Strip did much better with slot machine revenues, which were up 12.1 percent to $249 million.

Again, the extra revenue reported from March was a factor in the Strip slot revenue number.

Lawton said when a monthly report has such a reporting anomaly it is better to look at the fiscal year overall. The combined Las Vegas local markets, for example, are up 5.1 percent for the calendar year to date, he said.

“So they are definitely moving in the right direction,” Lawton said.

May will be a tougher month for the industry to post a win, due in part to the big gains posted in May 2011 when both the statewide and Strip wins were up by double digits, he said.

But there were some big events in Las Vegas in May, so, “you never know,” he said.

“We’ll take the slot anomaly and we’ll deal with it next month,” Lawton said.


Audio clips:

Michael Lawton, senior research analyst for the control board, says the state got back on track in April:

061212Lawton1 :23 month, next month.”

Lawton says numbers over the past several months are showing positive signs:

061212Lawton2 :22 the right direction.”


February Gaming Win Up 5.7 Percent With Strength Seen Across All Major Markets

By Sean Whaley | 12:05 pm April 10th, 2012

CARSON CITY – Nevada casinos won $932.2 million in February for a 5.7 percent gain over the same month in 2011, even without the Chinese New Year event that annually brings high rollers to the Las Vegas Strip, the Gaming Control Board reported today.

Michael Lawton, senior research analyst for the control board, said the February win was solid and seen across the state. Only three small markets showed declines in the monthly report.

The Strip was up 3.3 percent with a win of $530.7 million.

Photo by Antoine Taveneaux via Wikimedia Commons.

The gains came even though the Chinese New Year fell in January this year. The January gaming win topped $1 billion, the first time that milestone has been reached since September 2008.

“This month, really what it shows, is that core customer really was strong,” Lawton said.

The Las Vegas Convention and Visitors Authority reported today that visitor volume in February was up 6.4 percent over February 2011. Convention attendance was up by more than 23 percent. Air traffic was up 6.6 percent.

All these numbers helped the state overcome the lack of the Chinese New Year in February, he said.

Looking at the Strip without baccarat, all gaming volumes are up for the fiscal year and in February as well, Lawton said. Slot volume on the Strip has seen increases in 10 of the last 12 months.

“So those are the things we’ve been looking for all along, is that, OK, baccarat has been carrying the load,” he said. “We need the core customer to come back and have this nice blend of the two and that is kind of what we’re experiencing now. So it’s good.”

Lawton said there is a lot of good news in the February report.

“That’s now five consecutive monthly increases for the state; we haven’t seen that since 2006,” he said. “I mean the list goes on and on. There is just a lot of positives that we can draw from this month’s results.”

The gaming percentage fee tax collections, which help fund the state budget, are now up $10.8 million over what was forecast by the Economic Forum.


Audio clips:

Gaming Control Board analyst Michael Lawton says the February results show the core customer was strong:

041012Lawton1 :23 Chinese New Year.”

Lawton says the statewide strength is what the gaming industry has been waiting for:

041012Lawton2 :13 So it’s good.”

Lawton says the state has now seen five consecutive monthly gaming wins:

041012Lawton3 :12 this month’s results.”


Chinese New Year Brings Huge Win To Nevada Gaming Industry In January

By Sean Whaley | 1:53 pm March 8th, 2012

CARSON CITY – It was the month the Nevada gaming industry and state political leaders were waiting for: the casino industry won more than $1 billion from gamblers in January, a double-digit rise fueled by a nearly 30 percent increase on the Las Vegas Strip.

The reason:  The Chinese New Year came in January instead of February this year. The celebration, which brings high rollers into Nevada’s casinos, ran from Jan. 23 to 29.

Photo by Mai-Linh Đoàn via Wikimedia Commons.

Nevada casinos brought in $1.04 billion in January compared to January 2011, an 18.4 percent increase even though much of the northern part of the state posted negative numbers, the state Gaming Control Board reported today.

“This is the first time the state has recorded $1 billion in win since September of 2008,” said Michael Lawton, senior research analyst for the control board. “That’s four consecutive increases the state has experienced, that’s the first time since April through July of 2007. Also, the Southern Nevada markets, every market was in positive territory. That hasn’t happened since September of 2007.”

A big part of the reason was a huge win from baccarat play on the Las Vegas Strip. The card game played by high rollers brought in nearly $195 million for an impressive 199 percent increase over January 2011. The baccarat win was the second largest ever recorded in the state.

The total gaming win on the Strip was $623.5 million, a 29.2 percent increase over January 2011.

Downtown Las Vegas saw a 13.7 percent increase, North Las Vegas was up 15.6 percent and Laughlin saw a 6.3 percent jump in January.

The big driver in the statewide increase was in game and table win, which brought in $435 million, an increase of 50.1 percent, Lawton said. That is the third largest statewide win from games and tables, which includes baccarat, for any month, he said.

“The bottom line the state won $1 billion in gaming revenue and that hasn’t happened since September 2008 so it was a very, very good month,” Lawton said.

The expectation is that the February gaming numbers will be strong as well and may show an increase over February 2011 even without the Chinese New Year celebration, he said. The February numbers will be driven in large part by the Super Bowl.

The story was different in Washoe County, which saw an overall gaming win of $53.7 million for a 6.2 percent decline over January 2011. Reno was down by 8.6 percent and Sparks was off by 0.4 percent. The Carson Valley area, which includes the capital, was down 3.7 percent.

Lawton said operators indicated that the weather was almost too nice in January, allowing people who might come to the casinos to play golf or pursue other activities instead.

Gaming  tax collections, which the state relies heavily on to fund services, did not track with the overall gaming win but Lawton said that is due to credit extended to gamblers in January.

Gaming taxes collected from the win amount actually declined in January 2012 over the prior year by 16.5 percent, bringing in $57.4 million. For Fiscal Year 2012 through January, tax collections are 2 percent below the prior year.

But Lawton said the low tax collection numbers will improve significantly in February, when the credit extended by casinos to high rollers is collected.


Audio clips:

Gaming control board analyst Michael Lawton says January is the first $1 billion win since September of 2008:

030812Lawton1 :23 September of 2007.”

Lawton says the bottom line is January was a very good month:

030812Lawton2 :09 very good month.”

Lawton says game and table win, with baccarat, drove the numbers:

030812Lawton3 :12 or $129.7 million.”

Lawton says February 2012 could show an increase even without the Chinese New Year festivities:

030812Lawton4 :19 to last February.”


Nevada Casinos Eke Out Modest Revenue Gain In December, Up 2.8 Percent For All Of 2011

By Sean Whaley | 3:04 pm February 9th, 2012

CARSON CITY – Nevada’s casinos brought in $855.7 million in gaming revenue in December 2011 for a 2.1 percent gain over the same month in 2010, the state Gaming Control Board reported today.

The Las Vegas Strip saw a 3.6 percent gain, bringing in $518.4 million.

Las Vegas Strip. / Photo by Antoine Taveneaux via Wikimedia Commons.

Michael Lawton, senior research analyst for the control board, said a positive element of the December report is that for the first time since September of 2007, baccarat win declined but the industry still reported a revenue gain. This is a sign that the mass market visitor volume is improving, he said.

Baccarat, the card game played by high rollers, was down 4.5 percent, or $7.2 million, on flat volume.

A number of Clark County markets reported revenue declines in December, including downtown Las Vegas, which was off 10.7 percent; North Las Vegas, down 11.4 percent; Laughlin, down 8.3 percent; and the Boulder Strip, off 7.4 percent.

Washoe County, on the other hand, reported a double digit gain to 10.2 percent, bringing in $58.5 million over the holiday month. Lawton said the good weather in December 2011 compared to December 2010 was a major reason cited for the positive report.

Though modest, casinos finished the year on a positive note.

“We finished the year with three consecutive increases so hopefully we can carry that momentum into 2012,” he said.

Visitor volume to Las Vegas in December grew by 2.5 percent to 2.96 million, according to information from the Las Vegas Convention and Visitors Authority. For calendar year 2011, volume was up 4.3 percent to 38.9 million.

For the full 2011 calendar year, Nevada’s non-restricted gaming licensees reported total gaming win of $10.7 billion. This amounts to a 2.8 percent increase compared to calendar year 2010, which increased 0.1 percent.

It was the second year of increases after declines in calendar years 2008 and 2009.

Slot win increased 1.5 percent in 2011 after decreasing 2.7 percent in 2010. Game and table win increased 5.2 percent in 2011, following a 5.6 percent increase last year. Over the ten-year period from 2002 to 2011, total win growth has averaged 1.5 percent with growth in slot win averaging 1.1 percent and game and table win growth averaging 2.2 percent.

“When we analyze these numbers I think what we can take away from the calendar year is that it’s not robust growth, it’s small growth but it’s a lot broader growth than what we experienced last year (2010),” Lawton said. “Last year the only major market to post an increase was the Strip, which basically caused Clark County to post an increase. But this year in Southern Nevada the only market to have a decrease was Laughlin, which was down 3.7 percent.”

Across the entire state there were 10 markets that experienced positive growth in 2011, he said.

Gaming revenues were up in 2011 even when the baccarat factor is removed, suggesting a good balance between the small number of high spending card players and the larger number of typical mass market visitors, Lawton said.

“Slot volume was up 0.4 percent, that’s the first increase we’ve seen in slot volume since calendar year 2006,” he said. “So those are all really good metrics to identify or illustrate that the recovery is broader.

“We’re cautiously optimistic that if things continue to go the way they are with increased visitation and large conventions and the heavy event calendar, we feel pretty confident that even though we have some difficult baccarat comparisons to come up against, we’re finally starting to see that mass market customer blend nicely and complement the baccarat growth that we’ve experienced,” Lawton said.


Audio clips:

Michael Lawton, senior research analyst for the control board, says calendar year 2011 growth is broader than in 2010:

020912Lawton1 :26 down 3.7 percent.”

Lawton says the metrics show the recovery is broader:

020912Lawton2 :13 recovery is broader.”

Lawton says the agency is cautiously optimistic that the mass market visitor volume is improving:

020912Lawton3 :25 that we’ve experienced.”

Lawton says mass market play is now complementing baccarat play:

020912Lawton4 :19 complement baccarat play.”

Revenues Increase But Major Nevada Casinos Lost $4 Billion In FY2011

By Sean Whaley | 2:08 pm January 6th, 2012

CARSON CITY – Nevada’s major casinos saw total revenues increase to $22 billion last fiscal year, but the 256 properties reported a net loss of just under $4 billion, the Gaming Control Board reported today.

It was the third year of losses in a row. The only other loss since records have been kept came in 2002.

The report, called the Nevada Gaming Abstract, analyzes those casino properties grossing $1 million or more in gaming revenue for the year ending June 30, 2011.

It shows that total revenues increased by just over $1.1 billion from Fiscal Year 2010, but the total dollar value of the loss reported by the properties increased as well, by $600 million from the $3.4 billion loss reported in 2010.

Las Vegas Strip. / Photo by Dtobias via Wikimedia Commons.

The abstract shows that 2008 was the last year the major casinos in Nevada turned a collective profit.

Michael Lawton, senior research analyst for the control board, said the report shows mixed results for the gaming industry.

“Really there are two sides to this income statement and the first side obviously is revenues,” he said. “Revenues did increase. They are at $22 billion compared to $20.8 billion last year. That’s the first increase we’ve seen since Fiscal Year 2007, however it’s still about 13 percent below the peak levels we saw in Fiscal Year 2007.”

The expense side continues to show volatility, however, Lawton said.

The report shows that visitors are coming to Nevada and Las Vegas casinos, but they are spending less on gaming and more on other amenities, he said.

Nevada Gaming Abstract 2011 – Selected Statistics By Gaming Market

Area Net Income/Loss % Change from FY2010 Total Revenue % Change from FY 2010 Gaming revenue from FY2010 % Change from FY 2010
Statewide -$4 bil +16.4% $22 bil +5.6% $10.2 bil +2.6%
Clark County -$4 bil +18.7% $19.5 bil +6.8% $8.7 bil +3.8%
Las Vegas Strip -$2.2 bil -14.1% $14.5 bil +9.3% $5.5 bil +6.4%
Downtown Las Vegas -$59.9 mil -18.7% $900 mil -0.6% $496 mil -2.4%
Washoe County -$44.5 mil +61.9% $1.4 bil -4.6% $739 mil -5.2%
Reno/Sparks -$54.1 mil +156% $1.2 bil -4.8% $662 mil -5.1%
South Lake Tahoe -$24 mil -72.7% $344 mil -6% $198 mil -9.1%

“Total revenue” is the money spent by patrons on gaming, rooms, food, beverage and other attractions. “Net income/loss” is the money retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses.

Gaming revenue accounted for nearly $10.2 billion of the $22 billion in total revenues, or 46.2 percent of the total. The 256 casinos paid $792.4 million in gaming taxes and fees, equating to 7.8 percent of their gaming revenue.

On a county-by-county basis, Clark County had 148 casinos grossing $1 million or more in gaming revenue during FY2011, which generated a combined net loss of just under $4 billion from total revenues of $19.5 billion. Washoe County had 30 casinos, which reported a combined net loss of $44.5 million from total revenues of $1.4 billion.

In FY 2011, 69 casinos owned by public companies accounted for 78.2 percent of the total gaming revenue generated statewide during the fiscal year.


Audio clips:

Nevada Gaming Control Board analyst Michael Lawton says overall revenues increased in 2011:

010612Lawton1 :24 Fiscal Year 2007.”

Lawton says visitors continue to come to Nevada and Las Vegas, but they are spending less on gaming:

010612Lawton2 :22 and other categories.”