Posts Tagged ‘June’

Nevada Records Two Straight Years Of Taxable Sales Increases With 7.9 Percent Gain In June

By Nevada News Bureau Staff | 2:57 pm August 29th, 2012

CARSON CITY – Nevada recorded two straight years of increases in taxable sales through June, with a statewide gain of 7.9 percent over June 2011, the state Department of Taxation reported today.

Taxable sales totaled $3.9 billion in June compared to $3.6 billion in June 2011. For the 2012 fiscal year, taxable sales rose 7.6 percent over 2011.

Clark County taxable sales were up 8.9 percent in June and Washoe County saw a 3 percent gain.

The largest increases in taxable sales were seen in the utilities category, up 214.5 percent; motor vehicles and parts dealers, up 17.4 percent; merchant wholesalers-durable goods, up 16.3 percent, food services and drinking places, up 3.8 percent; and clothing and clothing accessories stores, up 6.7 percent.

Author: Dany kg via Wikimedia Commons.

Other categories showing increases included the construction industry, up 7.3 percent; general merchandise stores, up 0.3 percent; food stores, up 4.1 percent; furniture and home furnishings, up 4.1 percent; and accommodations, up 19.2 percent.

Thirteen of Nevada’s seventeen counties recorded an increase in taxable sales for June 2012 compared to June 2011. Eureka, Lyon, Pershing, and White Pine counties recorded declines.

Bryan Wachter, director of government affairs for the Retail Association of Nevada (RAN), said there is a lot of good news in the June report.

“There’s a lot to be happy about and retail and (the) retail industry is obviously glad to be leading that 24-month increase in taxable sales, and of course, what that will bring into the state budget which gets spent on, among other things, education,” he said.

One of the healthiest indicators in the June report is the 16.3 percent increase in durable goods, which includes major purchases such as washing machines and refrigerators, Wachter said.

“I think what those numbers kind of show is a willingness for folks to buy things that maybe they’ve been putting off for awhile,” he said.

The monthly report shows that the state general fund share of the sales and uses taxes totaled $79.2 million in June for a 5.4 percent increase over June 2011. State sales taxes are now about $41 million above what was forecasted by the Economic Forum in May of 2011.

The positive trend in retail-based taxable sales is expected to continue through the remainder of the year, Wachter said.

“We’ll start looking forward to back-to-school spending to show some increase, and we’ll start seeing that maybe towards the end of the July numbers going into August,” he said. “We anticipate a 15 percent increase in back-to-school spending in 2012 over 2011 and we think we’re going to hit it.

“And we hope then that that kind of leads us into the holiday shopping season,” Wachter said. “We’ll hit Halloween and we’ll enter into Christmas and we think we’ll have positive news all the way through December.”


Audio clips:

Bryan Wachter, director of government affairs for the Retail Association of Nevada, says there is a lot of good news in the report:

082912Wachter1 :31 off for awhile.”

Wachter says the association anticipates a strong finish to the year:

082912Wachter2 :26 way through December.”


Gaming Win Down Six Percent In Nevada In June, Difficult Comparisons Cited As Primary Cause

By Sean Whaley | 4:47 pm August 9th, 2012

CARSON CITY – Nevada casinos took in $832.5 million in gaming revenue in June, a decline of 6 percent compared to the same month a year ago, the Gaming Control Board reported today.

The win was about $53 million less than June 2011 as casinos tried to build on the win in June 2011, which was up 16 percent over June 2010.

Special events around the state and increased visitor volume could not offset the difficult comp against the June 2011 gains, said Michael Lawton, senior research analyst for the control board.

It is the second consecutive month of revenue declines. Gaming revenues fell 10.1 percent in May.

The Las Vegas Strip was off 4.5 percent in June, bringing in $483.7 million compared to $506.7 million in June 2011. The comp for the Strip was even tougher, with June 2011 up 32.3 percent over June 2010, Lawton said.

Electric Daisy Carnival 2011. / Photo: Roman Fuchs via Wikimedia Commons.

The Las Vegas locals markets were hit in June as well, with North Las Vegas down 26.2 percent, Laughlin down 20.3 percent and downtown Las Vegas off 12.8 percent. One factor in these numbers was that June ended on a Saturday, meaning that slot revenue from the final weekend  of the month will be reported in July, he said.

A bright spot in the report was Washoe County, which saw gaming revenues increase by 7.3 percent in June to $66.8 million. Reno was up 9.4 percent to $50 million.

Nevada had a number of events and developments that brought in tourists around the state, Lawton said.

There was a Manny Pacquiao fight against Timothy Bradley on June 9 at the MGM Grand, a baccarat tournament at the Bellagio on June 16 and 17, the Electric Daisy Carnival musical festival at the Las Vegas Motor Speedway from June 8 to 10 and the new terminal at McCarran International Airport opened on June 27. In Northern Nevada, a Don Henley concert June 28 and a U.S. Women’s Open bowling event from June 21 to June 27 took place.

“You’ll see that Reno’s visitation was up 3.4 percent for the month of June,” Lawton said. “That’s the first increase they’ve had in a few months so those were definitely good events.”

The Las Vegas Convention and Visitors Authority reported today that tourism was up in Las Vegas in June as well, with 3.39 million visitors for a 2.1 percent increase over June 2011.

Another tough comp in June was the game and table win statewide, which totaled $325.3 million. It was almost flat, down $3 million over June 2011. Game and table win in June 2011 was up 55.2 percent over June 2010.

The baccarat win totaled $103.1 million, down 3.8 percent over June 2011. The volume wagered on the game was up significantly over June 2011, but the casinos did not win as much from gamblers, Lawton said. The “hold” by casinos in June was 12.4 percent compared to a 15.6 percent in June 2011.

“The good sign there is that the play was definitely there,” he said. “We just didn’t hold as well as we did last June.”

The final six months of the calendar year show easier comps and so could produce better results in monthly revenues, Lawton said.


Audio clips:

Michael Lawton, senior research analyst for the control board, says the story of the June report was the difficult comps from June 2011:

080912Lawton1 :12 so basically flat.”

Lawton says Reno visitor volume was up in June in part because of strong events:

080912Lawton2 :11 definitely good events.”

Lawton says baccarat volume was up but the casinos did not win as much from gamblers in June:

080912Lawton3 :10 we normally see.”


Reno Assemblyman-elect Calls For Return To September Primary For Nevada

By Nevada News Bureau Staff | 10:07 am November 3rd, 2010

CARSON CITY – Assemblyman-elect Pat Hickey, R-Reno, today has called for a return to “electioneering sanity” by moving Nevada’s primary election date back to September.

Hickey is requesting a bill draft to make the change from the much earlier June primary date used for the first time this election cycle.

“Nevadans have just been subjected to eight months of non-stop political advertising lasting longer than the Major League Baseball season,” Hickey said.

Nine other states, including New York, Maryland, Delaware and Hawaii, all have their primaries in early September, he said.

“Nevada voted to move the primary to June so that candidates wouldn’t have to walk door-to-door in August,” Hickey said. “I’m sure Nevada voters would prefer politicians sweat a little in the summer sun rather than having to put up with a never-ending deluge of political advertisements every two years clogging their television and radio airways.”

Hickey said Nevada just experienced the longest campaign season in state history, and voters would prefer to see the primary returned to the second Tuesday in September starting in 2012.

The primary historically has been held in September. It was moved to August for the 2006 and 2008 elections. It was moved to June for the 2010 election cycle by the 2009 Legislature.

Hickey previously served in the Assembly in the 1997 session. He succeeds Assemblywoman Heidi Gansert, who decided not to run for re-election.

Nevada Voter Rolls Increase By Nearly 13,000 In Latest Report, GOP Makes Modest Gains

By Sean Whaley | 2:37 pm July 2nd, 2010

CARSON CITY – The number of active registered voters jumped by nearly 13,000 between the close of registration for the June primary and the end of June, with Republicans making a modest gain on Democrats, according to numbers compiled by the Nevada Secretary of State’s office.

Democrats increased their registration by 3,722 to 456,672, while Republicans raised their numbers by 6,493 to 398,898, the office reported.

 Non-partisan voters also increased and now number 163,816.

Democrats still outnumber Republicans by nearly 58,000 active registered voters, but the gap is narrowing.

June 2009 registration figures showed Democrats with a 96,000-vote edge. Democrats had a 100,000 vote edge at the close of registration for the November 2008 general election.

President Clinton to Headline “Rally for Reid” in Las Vegas

By Elizabeth Crum | 12:46 pm June 8th, 2010

Last week Harry Reid enjoyed warm words and public hugs from the First Lady.  This week he’ll get smiles and handshakes from former President Clinton.  From the Inbox just now:

Friends for Harry Reid

Invite you to a Campaign Rally with

Former President Bill Clinton

Thursday, June 10, 2010

Doors open at 6pm, Program begins at 6:30pm

Andre Agassi College Preparatory Academy


1201 West Lake Mead Blvd.

Las Vegas, Nevada

Text CLINTON to 42779

and enter to win photo with President Clinton.

RSVP is Required

For more information, call 702-699-REID

There is no cost to attend this event.