Facebook
Fark
Digg
Reddit
StumbleNevada casino win drops 3.2 percent in January
Published Wednesday, March 10, 2010 | 9:04 a.m.
Updated Wednesday, March 10, 2010 | 10:42 a.m.
Gaming revenues dropped 3.2 percent in January compared to the same month a year ago, a figure that was better than expected. Nevada casinos reported a gaming win of $883 million in January, with casinos on the Las Vegas Strip down 3 percent.
But that could be good news.
January 2009 had both Chinese New Year and Super Bowl weekend, both big gambling events. Those events this year fell in Febuary. Because of that the state's Gaming Control Board had expected a double-digit decrease in January, said Frank Streshley, chief of the Gaming Control Board’s tax and license division.
"This is well above expectations," he said. "We had expected January to be extremely soft."
So far in the first eight months of the fiscal year, gaming collections are down 1.6 percent compared to the previous year. That's good news for the state's budget because the state's Economic Forum, which sets revenue projections for state government, forecasted that gaming revenues would be down 2.5 percent.
In Clark County, the gaming win was down 2.21 percent. Laughlin and Mesquite had the biggest decreases, of 14 percent and 10 percent respectively.
Downtown had a decrease of 2.1 percent and the Boulder Strip had an increase of 13.6 percent. South Lake Tahoe had a decrease of 9.77 percent.
Discussion: comments so far…
Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.
Only trusted comments are displayed on this page. Untrusted comments have expired from this story.
No trusted comments have been posted.
Post a comment
Most Popular
- Viewed
- Discussed
- E-mailed
- Chinese company agrees to finance proposed Henderson arena
- South Point owner Michael Gaughan’s take on ‘Vegas Stripped’: ‘I’ll give it an 8’
- Coolican: Henderson officials out of loop on police brutality case, raising red flags
- Romney says he prevented Massachusetts from becoming ‘the Las Vegas of gay marriage’
- See mug shots of 16 arrested in stolen-property police sting
- Criss Angel denies allegations of fight with fired employee
- UNLV eager to get on the court for big game against San Diego State
- Lumberjacks — ‘Where the Big Boys Eat’ — hiring for North Las Vegas location
- Berkley draws stark contrasts with Heller over immigration
- Conceptual design unveiled for Henderson Space and Science Center
Blogs
The Kats Report
Live color from the scene at Thomas & Mack Center: We have a wire job, and the crowd is tense
South Point owner Michael Gaughan's take on 'Vegas Stripped': 'I'll give it an 8' (3 Comments)
Author relishes writing the life story of ‘larger-than-life’ Oscar Goodman (3 Comments)
Elsewhere
Landowner: All roads could lead to Uxbridge casino
Revel reveals smoke-free casino opening
Cirque du Soleil show in Sands China casino to close this month
Meet the woman behind Sheldon Adelson
The Sun
Locally owned and independent for more than 50 years.
Looks like they won't be loosening up the machines or tables this month.
Don't worry. The price of gas is going over $3.00 a gallon and the visitors will decline as it rises. People cannot come enjoy anything when all their cash goes into no jackpot slots at home called gas pumps.
Can Senator Reid tell us again why we cannot drill offshore? Is it because of all the solar plants the environmentalist are suing to stop? What is going on harry? We could buy our own health care if you would just let the economy come back.
3 dollars per gallon is still cheap. It's more important to stop driving these super sized big SUV's and other big trucks. This is madness and these drivers must learn that you can even afford 4 dollars/gallon if you can reduce the usage per mile by just 20 per cent or so....
tourist number increases but gaming revenues down???
not good.
$3 dollar gas? The world is coming to an end over a 25 cent price increase? That's just dopey...
Hey Martha, cancel that trip to Vegas. Gas just went up 25 cents!!!
Duhhhh
Get ready for those hotels rates to climb.
You think the economy can support higher hotel rates? I think that is that is the worst possible idea. If people can barely afford to pay for gas to get to Vegas, which is the case according to neiman1, then how would they afford increased hotel prices?