Despite $1 billion month, Tahoe casinos struggle due to fires

Nevada Appeal
 
Despite $1 billion month, Tahoe casinos struggle due to fires
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While Nevada casinos recorded their seventh consecutive month of over $1 billion in win, the joy was not universal.

Specifically, South Shore casinos at Stateline were hard hit by the Caldor Fire that came within a few miles of scorching the towns of Stateline and South Lake Tahoe — including the casinos that had to shut down.

As a result, South Lake Tahoe gaming revenue was down 77.2 percent compared to September of 2020. Total win was just $5.6 million.

In addition, North Shore Casinos at Crystal Bay also were off double digits for the month — down 11 percent to just over $2 million.

Statewide win was up 41 percent compared to a year ago, raking in $1.16 billion and a good share of that came from a major increase on the Las Vegas Strip. The Strip has been lagging behind other jurisdictions during most of the recovery but, in September, total win increased 80.6 percent compared to the same month last year — $640.6 million.

The Carson Valley Reporting Area, which includes Valley portions of Douglas County as well as the Capital, saw a 7.77 percent increase to $10.63 million. Carson’s big revenue generators are the multi-denominational slot machines that produced over $6.7 million of that total.

Washoe County reported a 12.99 percent increase in total win to just over $89 million.

Churchill County reported $2.057 million, up 13 percent.Area                    September Win        Percentage ChangeStatewide                     $1.158 billion           41.07%Carson Valley              $10.64 million         0.83%South Shore                 $5.64 million         -77.24%North Shore                 $2.08 million          -11.06%Washoe County           $89.06 million       12.99%Reno                           $62.7 million          9.89%Clark County               $1.005 billion        50.78%

The Strip                     $640.6 million       80.64%