Facebook
Fark
Digg
Reddit
Stumble
Published Friday, Oct. 8, 2010 | 8:17 a.m.
Updated Friday, Oct. 8, 2010 | 10:02 a.m.
Sun Coverage
CARSON CITY – Strong baccarat play and a rebound in the slot machine business helped casinos on the Las Vegas Strip post a 21-percent increase in gross gaming win for August.
The state Gaming Control Board reported today that, statewide, casinos registered a gross win of $994.4 million, up 11.5 percent. The increase was fueled by increases in Southern Nevada.
The increase of 21 percent by the 41 casinos on the Strip, at $544.3 million, was the biggest gain since February, when the gaming win rose 32.8 percent.
Baccarat win on the Strip rose to $160 million, up 47.1 percent.
Michael Lawton, senior research analyst for the board, said it was the second highest win for baccarat in Strip history. The amount wagered was $1.9 billion, the highest drop of all time.
Gross win, computed before taxes and expenses on slot machines, jumped to $245.9 million, a gain of 13.3 percent. That’s the biggest increase since September 2007. Lawton said the amount played in slot machines was $3.1 billion.
Blackjack games on the Strip were off 12.1 percent compared to a year ago, but craps rose 84.3 percent and roulette gained 77.7 percent. The win from sports books jumped 155.5 percent due to baseball betting,
Lawton said business in Clark County was helped by the MAGIC Convention with 75,000 visitors and the World Market Convention at 50,000 members.
Downtown Las Vegas casinos reported a win of $41.3 million, down 1.4 percent. It was the 27th straight month for a drop in gross win.
North Las Vegas clubs posted $25.1 million, up 13.6 percent; Laughlin casinos fell to $36.3 million, a decline of 4.7 percent; the Boulder Strip posted a 3.3 percent increase to $65.4 million; Mesquite dropped 2.7 percent to $8.2 million and the rest of Clark County reported $85.1 million, up 0.8 percent.
Statewide, the board said it collected $61.7 million in taxes, a 24.4 percent increase from the prior year. Lawton said that was due to a good collection on markers.
Also statewide, Lawton said gross win was up 6.2 percent without counting baccarat. That’s the first time since December 2007 that an increase was recorded without the baccarat figures.
The board said Washoe County casinos won $71.5 million, down 3.1 percent; South Lake Tahoe casinos reported a 7.2 percent increase to $23.5 million; Elko gaming business was down 1.9 percent to $21.7 million and the Carson Valley posted a 7.7 percent gain to $9.3 million.
they "fell" to $829.6 million,not bad if u ask me
this comment system is pathetic now, who wants people to know your surname and then endanger, sue, threaten you regarding a comment you made on a website
I always stay downtown and play downtown. It's the biggest bang for the buck; the blackjack rules are generally much more favorable. I come to Vegas about every six months and the only time I've hit the strip in years was to see "Love" at the Mirage.
I like playing and staying at the Station Casinos. I always win there, not a whole lot, but some and its FUN!
markp, my very same feelings, just look at the amout of comments almost zelch. take good thing not broken and ty to fix it.
This fortells a comeback in the economy of Las Vegas!
This is more good news. We are seeing some increases. I think the rest of the country is starting to spend some of their discretionary income. The vistors numbers have increased too.
U.S. GDP grew in each of the last 3 quarters. Some declared the stimulus a failure, when they did not see instant results. The fact is jobs are always lagging the numbers recovery in each recession -- a cool site; Balkingpoints ; incredible satellite view of earth
Uh oh. The haters are not going to like this.
Vegas had a good month.
Vegas always comes back and it will again. Bigger and better then ever. They guys running the show are busy working it out and not posting here in the forums. ;-)
Good news for a change, hang in there Vegas!
that's actually pretty good info for a change. Most major casinos are quite busy these days, but this is teasing. The debt load of places such as Harrah's or MGM is so big that it takes more than a motobike to win this race for the gold....
From Switzerland
It's good Cosmopolitan is opening in DEC to handle the crowds.you notice Blackjack is down because the odds for BJ are bad. When people wake up and realize the slots and VP are a waste of time that will be down too!
must be my imagination, but this is a story that things might be changing a little towards the better. Then there are these posters that use a ray of light for the city to complain about the odds of gambling. I really just don't understand that. If you don't want to loose your money then put it in a jar on the fridge.
As for those of us that understand the risk, it's good to see people spending money for a little fun and excitement. I look forward to my next trip and seeing the Vegas I know from 3 years ago...
but some of the casinos are still stealing or proposing to steal the dealers tips to increase their supervisors pay! Harrah's at caesars Palace has declared war on thier employees. Moving supervisors off of shifts because they have an fmla and actually call in sick when they are sick. Illegal! Two supervisors for 12 games in 2 pits-ridiculous! the worst gaming company - oh wait- they are not a gaming company! They are an investment company bleeding Las Vegas dry!
Why cannot anyone being in charge of the big bucks put five grand down to the County to make this year's thanksgiving/christmas one of the best ever for the families and their kids, who are longing to visit the Sunset Park going dark after nine years of holiday lights. Please, rich ones, because five grand are just peanuts and dust in the wind for you, but would mean so much for the families here:
Please save the Sunset Park!
http://www.lasvegassun.com/news/2010/oct...
"Michael Lawton, senior research analyst for the board, said it was the second highest win for baccarat in Strip history. The amount wagered was $1.9 billion, the highest drop of all time."
These baccarat numbers are amazing. From what I can see, most baccarat games are in high limit rooms, and are played by Asians. I wonder how many total people wagered that $1.9 billion? I am guessing the number is very small.
Check out my LV blog:
http://jimmyhoofa-lv.blogspot.com/