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November 12, 2009

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FLASHPOINT for Aug 12, 2007

Sunday, Aug. 12, 2007 | 7:41 a.m.

If there's one word that always seems to creep into the sto- ries about gaming's annual profits, it is this: record. As in the headline over an AP piece last week: "Nevada casinos win record $12.7 billion in fiscal 2007." Seems resorts on the Strip won just over half of the statewide aggregate, or $6.67 billion. That, too, was a - what is the word? - record. What a shocker. Then again, as a Gaming Control Board analyst pointed out, the 4.6 percent statewide increase over the last year was the smallest in the last four and below the average for the decade of 5.4 percent. So the casinos really aren't doing that well, and should probably be left alone by the state tax man for another 20 years. That would be a record, too.

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